Bottom drains certainly seem high priced compared to other plumbing fittings, but then you won't find them at most plumbing stores either, so that's kind of an indication of just how much a specialty item they are. In fact, it has been my experience that most retail places that sell pond supplies don't even stock them, most of them don't even know what a bottom drain is. When asked about bottom drains they think I'm just wanting some method to drain my pond easily. I've only been in one place that confirmed they had a bottom drain in stock, and it was in a huge irrigation supply warehouse that had a huge stock of pond and water gardening supplies, and they only had one bottom drain in stock. The guy told me that it had been sitting on the self for years, and they'll be happy to move it at a substantial discount, and they probably wouldn't be restocking any more once it was sold. It was a 4" bottom drain, price tag was $125. It's probably still sitting on their shelf.
By far the vast majority of ponds use in pond submersible pumps, and those don't work very well with bottom drains. Of the few other ponds that use external pumps, most of them draw the water through a skimmer, and/or possibly some sort of underwater pre-filter. I've seen lots of pond around my locality, I have yet to see another pond in my area, beside mine, that was built with a bottom drain.
A wedding cake is not really a very good comparison, since everybody knows what a wedding cake is and what it's for, and has probably had at one at one time in their life, but a bottom drain! Often people who sell pond supplies don't even know what they are.