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What makes an expensive bass expensive?

I love the Ibanez SR line of basses. You can get into it very cheaply and then move up to higher quality wood and components while still having the same feel. So far I stepped up once and I love my SR700. I don't consider that to be a cheap bass but it is less than half the cost of a "high end" production bass. I love the look and playability of that bass. I started with the SR300 which I think I paid less than $300 about 20 or so years ago for it.
 
I love the Ibanez SR line of basses. You can get into it very cheaply and then move up to higher quality wood and components while still having the same feel. So far I stepped up once and I love my SR700. I don't consider that to be a cheap bass but it is less than half the cost of a "high end" production bass. I love the look and playability of that bass. I started with the SR300 which I think I paid less than $300 about 20 or so years ago for it.

I owned a Premium SR 5er and it was beautifully made. The biggest thing against SR basses for me is the preamp. To compare to a high end boutique, I would have to replace the preamp for sure. The Nordy PUs deserves a better pre IMO (on the higher end SRs).

In any case, I recently bought a new BTB 6er which is also a great bass. Very few people would likely say it sounds better than a comparable Fodera, but the BTB was under $1k and still kills.
 
I owned a Premium SR 5er and it was beautifully made. The biggest thing against SR basses for me is the preamp. To compare to a high end boutique, I would have to replace the preamp for sure. The Nordy PUs deserves a better pre IMO (on the higher end SRs).

In any case, I recently bought a new BTB 6er which is also a great bass. Very few people would likely say it sounds better than a comparable Fodera, but the BTB was under $1k and still kills.

I'm just getting back into playing so I haven't come down with AG (Active GAS) yet as I only have two basses. I am taking baby steps here :D. I am playing around with a Zoom B3 and have found some great tips on this board about setting it up correctly. I can't wait until Tuesday when I get to try the new bass and zoom in a group setting. I'm grew up playing guitar and piano and wished I would have taken the time to learn the drums. Playing the bass kinda lets me feel a bit closer to the drum on something I already have an idea how to make organized sound with.