Last week I booked two EK F seats using the remains of my QF points. 2F seats JFK-DXB and it cost me 252,000 + US$1500 taxes.
The same flight, same date 06AUG, as a revenue ticket on emirates.com reveals a total cost of US$39,536 + US$1500 taxes.
Using AUD$1 = US$0.78, then US$39,536 = $50,687...