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By your logic all cars with good tires and a decent engine should be all the same.
But guess what..there's a huge difference in a Kia and a Ferrari.,,,
I doubt that there is any one size fits all answer, just like there is no one size fits all bass [P Bass loyalists insert comment here]. Someone suggested "Brand Name". Burning Skies pointed out beautifully that no one has ever correctly identified his Dingwall. I have on more than one occasion had someone ask me if I bought an Alembic because I couldn't afford a Fender. So I doubt that brand name is the issue. No on outside of our own little low tone thumpin' community knows or cares about our brands.
Labor? Maybe yes, maybe no. Some shops, like Alembic and Roscoe have a tight group of highly skilled specialist. How well paid are they? You'd have to ask Mica Wickersham or Keith Roscoe. My guess is they ain't tellin'. Other shops are one man operations. I believe Chris Stambaugh fits that bill. So what is his labor cost? Whatever he feels is fair I would guess. Then there's Ken Bebensee. How does he value his labor.
Materials? At the risk of sparking a flame, do the materials in a Sadowsky cost more than the materials in an high end Music Man? I honestly don't know, but if so, I would venture to guess not by a lot.
Advertising? Other than Fender, who really advertises a lot?
How about that good old tried and true economic principle of supply and demand? As long as Sadowsky, Roscoe, MTD, Alembic, and Dingwall have waiting lists and customers willing to wait 6 weeks or 6 months (or more for SERIOUSLY custom stuff), their prices are more influenced by supply and demand than by how many lbs of Scandinavian Favawood they're made from or whether they were crafted by distant cousins of Keebler elves or chucked off of a CNC.
My $0.02
Peace,
James
HAAAAAAAAAA!"what makes the sky good, what makes boobies good, I don't know. They just are"-Joe Dirt
I have owned Rolex watches and Timex watches. They both were pretty accurate time keepers but the Rolex felt so much better on my wrist.
Rocky
... Now I don't know If I'm opening a can of worms here...
I
But can a better bass elevate you as a player. The say "A Good Craft Man Never Blame his tools." And maybe it's true.
It all boils down to what makes you happy.
If you are happy with a $200 Squire and can play the daylights out of it, then you won't see the cost of a boutique bass as offering any value.
I keep coming back to the example of James Jamerson. He played a Fender P with a more than likely warped neck, ultra high action, old flatwound strings, and he never cleaned the bass. Just let the dirt pile up. He made hundreds of hit records, became a world renowned player, defined a genre, and inspired thousands of players....all on a bass that cost very little.
Jaco Pastorius yanked the frets out of a Fender Jazz bass and played it like a god. No custom made boutique for him.
Paul McCartney made history playing a Hofner and later a Rickenbacker.
See if you can guess who's gear list this is...see any boutique models??
1 Fender Jazz Bass circa 1972
2 Fender Jazz Basses circa 1996
1 Fender Geddy Lee Model Jazz Bass
1 Fender Jaco Pastorius Jazz Bass Fretted
1 Fender Jaco Pastorius Jazz Bass Fretless
Answer is Geddy Lee....no doubt a prolific bass player and one of the best of all time. No one can argue that his sound isn't one of the worlds best. Would he sound better playing a $12,000 Alembic? I'm sure he could afford one if he wanted one.
The list goes on...
How much better does a $5000 bass sound than a $1000 bass? Where is the tipping point?
Sure, I'd LOVE to have a custom made boutique bass, and if the good Lord gives me the means, then I'll have one someday just for the sheer joy of owning something beautiful and unique. But it won't sound any better than I'm able to play it.
Custom bass = more sex with you preferred gender.
It's a fact. I'm already planning on how I'm gonna beat the gorgeous women off me when my Brubaker gets here sometime this week. I fully expect that girls I have next to no relation with will want to touch me inappropriately. I'll let a few slide but I haven't quite decided where I'll draw the line.