I'll lay it out with a play script:
*Player 1 turns to face player 2*
Player 1: "Why don't you PvP at endgame?"
Player 2: "I can't afford the nightmare set and a arcane level 66 weapon".
Player 1: "But surely you can afford legendary level 66 gear and the new mythic weapons".
Player 2: "The difference in stats are so great, there would be no point".
Player 1: "In that case, you could farm the mausoleum for gold to purchase the necessary gear. Its a gold mine in there!"
Player 2: "Again, there would be no point. Why would i spend tens of millions of gold on gear only to meet nobody in PvP".
Player 1: "Could that be because of the xp requirement for endgame?"
Player 2: "Not necessarily, there are many players at the 65-66 range. People just don't see the point of spending such absurd amounts of gold to PvP for fun".
Player 1: "But people used to spend hundreds of millions on gear and pets to PvP. What happened?"
Player 2: "The PvP leaderboards were removed".
Player 1: "I see".
*Both players resume whatever they were doing*
END
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