I have no idea why anyone would think a Ukulele is worth that much money. OK, I accept the premise that this is a great custom luthier, and an excellent example of his work, and an all around beautiful instrument. It still isn't worth that much money. It doesn't look that much better than less expensive Ukes. I'm sure it doesn't sound that much better either. So, what I'm saying is that as a musical instrument, it isn't worth it. Now, maybe as a work of art, or as a collector's item it's worth that much. But, only if it would go for that price or more at the next auction. That question depends on a history of comparable sales. Maybe it's there, maybe not. I really don't know. All I know, that as a Ukulele player, who actually uses his instruments, I wouldn't pay anywhere near that much for it.