Pfft, it was just $199 a few weeks ago, even as recently as a few days ago...that's about what it's worth at this point in it's lifecycle too - I wouldn't pay more. Also, skip the shifter, it blows. Sadly, there aren't many alternative shifters for console, but on PC you'll have several options.
Compatible with Sony PlayStation 3, 4, and 5 consoles and Windows 7 to Windows 11 PCs, the Logitech G29 racing wheel features stainless steel paddle shifters, a hand-stitched leather wheel, and dual-motor force feedback. With a list price of US$399.99, it is now discounted by 32% on Amazon, so the price tag reads US$272.99.