What's your hourly rate as a designer, and how many minutes would it take to put together all the triangles in Illustrator?
If you make more than $16/hr and it would take you 30 minutes to put this together triangle-by-triangle, color-swatch-by-color-swatch, then $8 is not too much, correct?
Not just that... If he has to do any kind of customer support it rapidly becomes a money losing business at $1. Looks like it wasn't worth it at $4 either.