Very well made. Worth the money. LV and LN have every reason to be concerned. As far as this China factory goes, they turn out product that's every bit as good. I bought a low angle block from LV when they first came out and paid about 90 dollars for that too. The Wood River is just as well made. If you need new planes and actually use them, take a serious look at the WoodCraft V3 line, if they follow LVs pricing strategy they'll ratchet up the prices about 10% a year until somebody else comes online to compete.
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