I remember speaking to Phil Nixon from Bass Gear a couple of years ago about Fodera basses. I mentioned that I would never buy one but had to admit that the best bass I had ever played was a Fodera. He said that many people had told him that they thought Foderas were unjustifiably expensive and a waste of money! Phil then got them to actually play one and said that on several occasions the same people would come back a couple of months later, having borrowed money and / or sold every bass that they had, and put in an order for a Fodera.
It is not so much the sound of these types of basses, as you can put a top range preamp or new pickups into a Fender for a couple of hundred quid. It is more about the playability, rigidity, feel and attention to detail. You will not get things like a quarter-sawn neck and a flatter radius fingerboard on a standard Fender, yet alone a Squier!
If you think of the most challenging thing that you have to play on your Squier and then pick up a Fodera, you will find that it suddenly seems relatively effortless. It will not turn you in a top player overnight but it will make everything seem a lot easier…
I still would not play £6k for one, but some people will and it is not just because of vanity or snob value…!