Don... You better go back and get all of the frames you can from your local framer!! At that price, including glass, he won't be around much longer! There is no way he is making enough money at a price like that to stay in business much longer unless he is a hobby framer or works out of his house so he has no overhead to cover.
Realize that when you get a price like this, you are getting a heck of a bargain and it in no way reflects reality in framing from a real, custom frame shop.