I just re-watched the video
http://icon4x4.com/overview/br/videos/bronco-carcast (he tells the cost at 8:23) as you got me wondering if my memory was wrong, it was but still higher than $150k, he said they will start at $170k, still too much coin for me, but they do have 10 sales already. They sell in a different market, they do a lot of artistic projects which generates a brand and sell in an affluent market where brand carries a price tag. I am sure in that market their brand sells the truck. In all reality they are not competing with your average custom fab shop, they are competing with Ferrari. Growing up close to Palm Beach I get it, but I personally would not pay such a price for a vehicle. To people like that a Marquee that has an association with quality is worth the price as the amount of money we are talking about is insignificant to these buyers. But you do have to have a brand to get them to the table.
The current DuPont Registry (May 2012) has an ad by ICON for the last Bronco from their first run on page 180 for $195K.
Two ads below it is the Krawlers Edge Bronco for $100K, says $150K invested in it.
I have seen that Bronco a couple times and know and talk to Thomas several times a year. Nice rig and I am sure his customer has a ton of coin in it. Custom one-off stuff takes lots of time, and labor and parts add up real quick.
The funny thing to me is that it seems that all of the people I know who have built or have had a shop build a truly stand-out nut and bolt custom or restored Bronco, most of them do not seem shocked at these prices since they know what it takes to make some of these rigs. This is especially true when a shop is paid to do the work as labor can easily be half of the total bill.
Granted, the $100K and $195K are getting way up there, but we have heard this same thing back when the first Broncos we knew of sold for $30, $40, $50K and so on.
On the same page in the DuPont Registry is one of the lifted and streched F-650 6 door pickups. Says it was a SEMA winner and had a $400K build cost and asking $175K. IMO, most of those rigs are just lame and pretty much useless parade type rigs, but to each his own. There are tons of examples of stupid money being spent on toys, so I do not mind that Broncos are getting some of the high end spotlight. It should only make the next one we sell worth more. ;D