Way too high for just the boot. Local Dealers in Jersey charge $175 - $200 to do the boot. Local indy's charge $100 - $150 for the boot. While I personally think it is more cost effective and time efficient to just replace the entire axle. If you have the tools and replace the axle, 1hr 30 min job. You could also go to autohausaz.com and look for the parts there. I get my boots from them and they cost $10.00 for the kit. Whether you get oem or aftermarket, I feel they are gonna split within 35k miles anyway, might as well go cheap on it. Are you mechanically inclined at all?

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2011 E70 50i M Sport