It's really simple. These things are "Aspirational," and ambitions. "Aspirational marketing and design."
You don't sell anything shiny and wildly expensive by marketing it with "you're getting the standard, stay the same, don't grow." You sell things that are "aspirational."
Everyone who buys one wants to associate with the racing lifestyle, not everyone can do that all of the time. Some just get to look some get to practice and hope to become. Everyone starts out somewhere. There are a lot of people who study & work their ass off, raise kids etc, to arrive at middle age and finally have time to try out crazy stuff. Here they get a 200hp bike because they're all grown up now, and find out the physics of the situation. A tiny % of humans can manage such a thing at any age and a tinier few can afford, practice etc and actually do that.
I don't know what we have to criticize the 95% who will put 3,k miles on a Ducati ever, then love it the rest of their lives. They're making it all possible for the 5% who will ride the wheels off. If they were only selling 400 bikes a year (5% of 2020 sales), they'd be out of business or you'd have to add a zero or two on the price tag. Adding a zero would take 5% down to 1% who would buy them which would make more sense because 400 is not an economically viable production number with anything plastic or metal molds let alone the complex parts. 40 totally hand made one-offs with absurd prices would be viable.
Anyway, yesterday an old man road up to me at a stop light on his bicycle with a smile flying off both sides of his head giving me thumbs up. He was exploding with joy off-loading his story about how he used to have a Ducati and omg omg omg so much joy back then and wow this one is so over the top and omg omg so much joy. Clearly these Panigale represent a lot of things to a lot of people. Seems like, Joy freedom the arrival of technology to create flying things of beauty not just surveillance and weaponry.