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What in the world is this bass?

A quick Google search shows several '61 RI Fender Eldorado basses. Looks like someone decided to accentuate the "Eldorado" part. I have heard of some of the builders in the Fender factories doing builds on the side. Maybe one of those? Ugly body. but cool color.
 
looks like it was a normal bass that someone stripped the finish and used a tool to carve it then paint it back ... simple as that.
Doesn't look simple to me, at all. It's not for me but someone put a lot of quality work into that. I'd defy anyone saying he/she just noodled with a dremel, do anything as cleanly executed/finished as that.