His US example seems an extreme one.
Yeah, it seems so... I've checked some random restaurant with steaks in New York - "CUT by Wolfgang Puck" and here's some stuff from the menu:
Hokkaido Scallop 'Carpaccio' - US$ 23.00
Bone In Rib Eye Steak 20 Oz - US$ 59.00
Wagyu Beef Sashimi - US$ 24.00
Italian Chestnut 'Boca Negra' - US$ 12.00
So, a starter, a steak, a salad and some dessert for one person would be $118 USD without wine, I guess. That's $472 USD for four people.
This restaurant is located in Four Seasons Hotel in New York Downtown, so I'm guessing there are probably cheaper places when you can eat a good steak in New York :P