My Title–A good instructor is worth it is correct BUT I don’t think there’s any reason to spend more than $200 an hour. I can’t believe what some of the “big” name folks are charging–I could see $250 or $300 but no more.
And don’t think that just because someone charges a lot or teaches a tour player that they are going to be able to help you.
In reality it doesn’t matter what someone charges. Do your research, talk with other students to get their feedback and select one. You’ll know pretty soon if you’ve made the right decision.