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Fender Gakki Precision '62 Prototype

With all that's been said here it's worth mentioning that some of these basses play well and sound ok. I had one back in the day - a Conrad (not a Fender prototype;)). I put a lot of miles on it. I was shocked to find out it was plywood though. I think I paid around $100. I still have those tuners and pickup somewhere!
 
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This is the headstock of an actual prototype bass. It's an Ibanez, not a Fender, but the neck was built by Modulus so that Ibanez could test the waters of graphite necked instruments in the mid 80's. I have a book on the history of various guitar brands and there's a big chapter on Ibanez. These instruments were briefly mentioned in a paragraph. About 200 of these necks, some guitar, some bass exist in the world.

Notice how Modulus took the time to put both company logos and the relevant patent number on the bass. Now if Gakki were doing the same for Fender, why would they not do the same thing? It's not a licensing issue as they are building guitars specifically FOR Fender to demonstrate their production capabilities. Applying an appropriate decal correctly is something they'd need to demonstrate as well I would think.

The prototype story just doesn't add up to me. Now the story about some guy making up some story in order to sell a guitar for more than it's worth... We've all heard that one before and know it to be plausible, in fact, probable.
 
Fake Fender and fake story. For less that than, you can get a used, real Fender Squier that will be better.

If you are not sure on that it's a fake, the pickguard will tell the story. The screw holes will not line up, or once you take it off, there will plugs and redrilling to make a Fender pickguard match.

Plus, it appears that the forger screwed up mounting the ashtray.