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Or,
It's a truely hand crafted guitar with a hand carved and tuned top and back. The finest of materials used by skilled craftsmen and marked up by Gibson. remember that the most valuable guitars tend to be acoustics rather than thos modern 1950s designs.
It was the flag ship model in the archtop line, to sit above the Super 400 and L5 - Some tagged it the Strad of archtop models
Not sure who at Gibson has the skill level to build such guitars today, but many hand built arch top guitars from the USA now have similar price tags, be it Benedetto, Buscarino etc - far more skill in building such guitar compared with a CNC approach to knocking out a shed load of Tele bodies
As for 3k difference in price - Gibson have often charged more for an all natural model - Harder to find a spruce top and maple back/sides that are free of any blemish, stain etc As such it has to be so clean and perfect - Minor mineral stains can be covered with a burst finish - I dare say other builders and/or finishers on here can add more to this
Formerly TheGuitarWeasel ... Oil City Pickups ... Oil City Blog 7 String.org profile and message
Nil Satis Nisi Optimum
Anyway whilst in guitar guitar they had an 8k gibson one, we asked to have a go and it was just dead compared to my friends, Gibson trades off that name imo
I honestly don't think mass produced will ever get made as well as someone who cares about the whole build, time and money don't come into it, it's about making it the best you can with the best materials you can buy, admittedly most won't give a shit so won't pay the money
(formerly customkits)
I'm also sceptical about the whole "my mate's guitar is better than any Gibson" thing - I've heard it countless times over many decades and it's been utter bullshit every time.