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Thunderbird Club

Maybe because there's a sort of misunderstanding that an expensive, exotic bass will make one a better player and once the buyer realizes that isn't the case - they sell it and return to playing their non-boutique bass. It also depends on how one thinks of the term "boutique". There are basses in all price-ranges, from cheap to expensive but not necessarily 'boutique'. Terms like "pro-level" may be a better handle for a bass like a Sadowski and/or Lull that is not really exotic, but is more pricy and used by many pro's.

This is an exotic boutique bass in all respects. (Ritter) Will it make you a better player? Will you play it at your local blues dive? ah.., no on both counts.

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Or how about this ESP limited edition bass 6? Only $32,990.00 (w/HSC) :D

ESP Exhibition Limited 2023 EEX2328 EXL OM Bass 6 - Natural/Ocean Blue - Eddie's Guitars
Where's the frets?
 
Nah. The van. You can see it in the background. And then you will forget you saw it. Nobody remembers seeing a white Transit Connect. It is perfect for sneaking over to Hawaii for drinks in an evening.
I'm hip.
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Cracked? Shattered is a better description. It might make a good starting point for a Fenderbird with a bit of judicious application of power tools.

That's what I felt seeing it. I mean...yah, it could go under the knife and be made whole again - but for a bass in that price range unless you DIY, it would cost way more than the bass to have a pro do it. Having said that, being that they are such good basses - if one had luthier skills, it would be worth a project fixing it for oneself. Meaning, it wouldn't 'fetch' much/enough resold even if fixed correctly. I could see it being a good bass for a budding luthier to develop their skills.
 
New neck day! I bought an Epi IV neck from @Bassmike62 and it arrived today. Eleven days UPS ground from Quebec. Not bad.

Mike packed it well.
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It’s in great shape! Not a mark on it. Nicely finished frets. The fret-wear is superficial and they’ll look new when polished. And the rosewood board is nice and dark how I like it. It’ll clean up great.

It’ll be part of my first semi-build. I want to try a Reverse II with a Gibson Vintage pickup in the 60’s position. Painted Pelham Blue of course.
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Nice! Where are you getting the body?