Prince could also buy a Greco or a Squier or even a 70's Fender, and still he stuck to his H.S. Anderson Tele. I really have no idea, having never played one. I just thought it was cool that this H.S. Anderson guy built basses with the same signature look.
Even if this was a Sadowsky grade bass and I liked the look, 11lbs. would be a deal breaker for me.