For what it's worth, the J. press jacket is not a Baracuta (brand), it's a Grenfell version. Different coat. Different materials. Whether it's worth the price differential is another question, and perhaps it's too much for this kind of jacket in general. But the comparison with O'Connell's is not entirely relevant. Ben Silver was selling a winter version of the Grenfell baracuta style jacket for $395. Press's will go on sale.
Odd that Press doesn't seem to mention the Grenfell connection on their website (i.e. Harrington-style jacket in Grenfell cloth...) I have two Baracutas and have handled a vintage Grenfell trench (ladies) and the two fabrics used are not even in the same league. True Grenfell cloth is something like 600 threads per inch and virtually waterproof unlike my thin cotton Baracutas. I guess the $400 price tag makes a little more sense now.