Seriously, I don't think they do it for any other reason. The food isn't anything special there, it's just the "way" it's being served, and all this elegant atmosphere in the restaurant.
Personally if I was rich I'd not go there. Not my thing.
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I'm not rich by any stretch of the word, but I have some disposable income. I do eat at fancy restaurants every once in a while. I eat at these restaurants because the food is really high quality, and their cocktails are expertly mixed. Its a treat to go to them, and it makes an excellent date night with my wife. I'm not a food snob either- my go-to's are hot sandwich shops and a hole in the wall noodle place.0