[quote name='keefbaker' timestamp='1458575774' post='3008731']
As with all things, there's the law of diminishing returns. a £1000 bass will be LOADS better than a £200 bass, but a £2000 will be noticably better than a £1000 bass.
A bad setup can kill any bass stone dead, no matter what it is, but everyone's threshold is different. Some people might not appreciate the difference between, say, a MIM Fender P and a custom shop one, and others wouldn't touch anything less than that and consider that their bottom rung.
Complex question with not a single, simple answer.
[/quote]
Well put - if you've got £10,000 pounds to spend on a bass then why buy the £1000 one ? You get the £2000 one.
The question's complex indeed - it very much depends on how much you think things are worth and that's very subjective.