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In November 2003, Fender announced that 100 guitars would be made, priced at ,000 each, all made by John Cruz.

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The price had dropped to around $12,000 by early 2009.

FURTHER UPDATE 6/09: I am told by Guitar Center that they have reconsidered the price drop, believe in the long-term value of this guitar and have rasied the retail price back to $17,000.

When I toured the Fender factory in California in 2001, there was discussion about a possible limited edition Custom Shop replica of Number One.

At that time, it was suggested that there might be as few as four replicas made.

: JC044 was sold during the Eric Clapton Crossroads Guitar Auction on June 24, 2004, for almost $42,000.

Given the factors involved in that sale, I thought it would be unlikely anyone could get that amount in a private sale.The Charley replicas sold for 00, and are now selling for 00 if you can find one. Fender's Custom Shop employs some of the best craftsman in the business, and it is not unusual for their guitars to sell for thousands of dollars due to the number of hours spent handcrafting each guitar.It is certainly not unusual for artwork to sell for ,000, and that's one way to look at this guitar.The Tribute Strats come with a flight case stenciled "SRV - Number One," a red gig bag modeled after Stevie's, a replica of the black leather strap with white music notes, and a documentation folder containing the certificate signed by Cruz, a photo of Stevie with Number One, a copy of the El Mocambo DVD, a Fender Custom Shop DVD of the night they inspected Number One, and a tube of Rene Martinez' Graphit-all.(I do not make copies of the DVD for anyone, so please do not ask.)My initial impressions: excellent tone, love the fat neck, and it's lighter than I expected.These guitars have serial numbers, but they are NOT serialized 1 through 100.Each guitar John Cruz makes, regardless what kind of guitar, gets the next serial number in line. I do not see it as different from any other product - where there is a demand, someone is going to fill it.The Fender Custom Shop made 235 replicas of Stevie's "Lenny" guitar (185 for the U. market, 50 overseas) that went on sale in mid-December, 2007, at a price of ,000 each."Lenny" was purchased by Guitar Center in the 2004 Crossroads guitar auction benifitting Eric Clapton's Crossroads Center in Antigua for 3,500. It will be interesting to see how Fender does with these guitars.However, by November 2005 the market for these guitars has risen to about ,000. Several recent e Bay auctions with asking prices of ,000 to ,000 were unsuccessful.Guitar Center has offered these guitars for up to ,000 (believe to be sold), and as of 2010 I have seen others ask ,000 to ,000.

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