I would say that is a fair estimate. While there was a long scale Series 1 on the ebay last week for $2,250. I have also been offered comparative Series 1s in walnut for $7,000-$8,000. Which to me is not a practical price for a used bass, because at $8,000 you start approaching retail for a new base. The $3-4,000 range is a good average price.