http://www.turfhouse.com/acatalog/Hangglidercompetition3.html

In US dollars ($1.98/pound):

Moyes Litespeed RS3.5 $12,425.
Mylar sail $495
LE inserts $297
Zoom Frame with carbon speed bar $1,337
Total = $14,554.

This total I assume includes the 17.5% VAT. In the UK and in Europe, VAT is included in the prices, unlike in the US where sales tax is shown separately (so this often causes confusion).

So the total, exclusive of the VAT, is $12,007.

So let's assume that the Moyes RS is "worth" as much in the UK as it is in the US. If that is the case, then the British pound  is worth $1.47 not $1.98 US Dollars as is the current exchange rate. It would mean that either the US dollar is way under valued, or the British pound is way over valued.

Send me price lists for hang gliders were you live (tell me if VAT is included). I've given you what I've found, but there must be a lot more out there. If Oz Report readers write in we can get a much wider sense of hang glider pricing around the world.