[quote name='kerley' timestamp='1404725952' post='2494998']
If using a simple passive bass then the number of parts involved is pretty low and it is very easy to get a very nice sounding and great to play bass for very little money. They don't normally arrive like that but the fact that a few tweaks and low cost changes can make a £150 bass great to play proves the point.
After that what are you paying for that is really required?
More expensive woods - debatable whether that makes it any better
Better level of finish - looks nicer but doesn't play or sound better
Made in a country with higher labour rates - makes no difference at all
Electronics - £10 of pots and wire in whatever bass you pick
Pickup - just put the pickup from the £1000 bass into the £150 bass
So unless there is actually something technically wrong with the lower cost bass, i.e. the frets are not positioned correctly, then no you do not need to spend anywhere near £1000 for any purpose besides looks.
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This is Bollards mate
Ok so your average over price fender copy might fall into that camp but the electronics in the back of a GB rumour will be hundreds of pounds, graphite twin truss rods of a custom bass to enable super low action takes time and skill to create, graphite or carbon fibre necks enable a bass to be used in unstable climates without truss rod trouble ( flea went to modulus to get a graphite neck stingray because they would not make one), the people who design and build their own or custom designs need to make a decent living compared to some one throwing mighty mite bits together with a fender logo to finish it off