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It's limited... but not as limited as some Fender CS editions in recent years (there have been quite a few that were just 30 pieces worldwide... for a lot less money). I guess the pricing is mainly down to Fender's guesstimate that there are at least 40 superfans that have enough cash.
To me, that's crazy cash for a Strat.
The original CS SRV model was a lot of cash at the time (but probably a fair bit less than this one. We're they about £8k?)... now... they go for a lot of money second hand. They were a good investment for the lucky few.
The CS EC Blackie was about £12,700. Not sure what they sell for now.
I'm not the target market for any £13K strat. Unless it was a David Bowie/Rick Parfitt/George Michael/Carrie Fisher/Ronnie Corbett sig.
Yes, I think the Lenny cost more than the #1... but IIRC didn't sell out as quickly (I guess because it wasn't the guitar that people mainly associated with SRV)
To put the price in perspective I had a limited edition Robin Trower Bridge of Sighs CS Strat at one time. Only 100 were built by Fender. It had a custom profile neck and came with a shed load of extras like cds and a limited edition Fulltone Dejavibe pedal. Cost me £1200 new from Peter Cooks.
Well it has been bolted together, but prior to that they have disassembled the original, measured it all up, profiled the neck, noted where all the defects are, and then recreated all that as exactly as possible. So you are paying for all that activity, creativity and care, rather than "a Strat". Whether that is worth it is another matter, but more has gone into this than goes into a typical Custom Shop guitar.
Yep... I had one of those. To be fair... I think that was a blow-out price - much lower than the original price. I guess Fender had some remainder stock they needed to sell. But, as you say, incredible value with the extras.
You can buy a brand new car for that sort of money. Ok a different scale of economy, but think of all the engineering/development that has gone into that. Probably more in R&D in the dashboard than in that whole guitar, but I suppose if Fender can liberate that amount of money from willing punters then good luck to them I guess.
Coincidentaly I was watching the BBC4 rerun of the Dylan movie No Direction Home and thinking that Robbie's tone with a Tele and some kind of tweed Fender amp in 65 or 66 was huge and brilliant