With all respect to the luthier, its worth what someone is willing to pay for it. If its too labour intensive to market at a price people are willing to pay, then its a poor business venture. The guy is a bass player who probably has purchased several basses.....not really totally uninformed.
(This is a general comment, not really directed at the particular bass, just items in general, I have no idea of the financial success of the business in question)
You're right, to an extent.
Let's take a look at the market though. I see "mass produced" basses being sold for thousands of dollars every day. I see "custom" basses being sold for thousands of dollars every day. There are luthiers on this very website that are selling their instruments for thousands.
Would you call or email Modulus, or Warrior and tell them that their instruments are overpriced? Do you think that you would get a deal? Probably not.
If John can't sell his instruments for what he's asking, then he has to make a decision whether or not to reduce his prices, or possibly give up the dream. But that's up to him, not some guy off the street telling him his instruments are only worth 25% of what he's selling them for.
In my opinion, almost everything is overpriced these days. New cars: what a scam. The new Hog I'm going to buy next year: overpriced. But if you want something bad enough, you're going to pay what the market demands. The buyer thought John's instruments were overpriced, so he exercised his right as a consumer and didn't buy one. Good for him, but IMO the buck should have stopped there because he
was uninformed. He had no idea what it took to make one of those instruments.
/rant off
Sorry to have derailed the thread.