What would be some of the reasons for differences in the price of custom lugged steel frames? I understand that with different options, add-ons, paint schemes, etc., the prices can fluctuate dramatically between different frames, but I'm just talking about relatively big differences at base levels.
For instance, a Spectrum custom lugged steel frame (including headset and fork) is $2850.
On the other hand, a Waterford lugged steel frame is $1800. Add a similar fork and headset, and you're at around $2300.
I'm interested in finding out why there's a difference. Are they using different tubing? Is it simply a matter of production scale (I'm sure Waterford has higher volume)?