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Dunno... I have an R720 with similar specs (half the ram, though) and it was only $400. I also idle around ~100w because I ripped all the SAS 10k drives out and put SSD's in.

It sits powered-off most of the time though because I haven't been able to put it to good use, yet.

For a while it was running my Unifi controller + Pihole ... but you don't need the Unifi controller unless you are actively performing maintenance, and Pihole happily hums along on a Rpi 3 that uses far less power.

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