I'm pretty sure your friend was referring to MF's capsule review of the Graham Slee Era Gold Mk V phono stage in the January 2003 Stereophile ("Analog Corner"). According to that review, it lists for $760, not $500.
What Fremer wrote was (note the introductory, qualifying clause):
"Given its price and its miraculous--and this agnostic means *miraculous*--performance, I recommend the GSP Audio Era Gold Mk. V as enthusiastically, if not more so, as I've recommended any product in all the years I've been doing this."
What Fremer wrote was (note the introductory, qualifying clause):
"Given its price and its miraculous--and this agnostic means *miraculous*--performance, I recommend the GSP Audio Era Gold Mk. V as enthusiastically, if not more so, as I've recommended any product in all the years I've been doing this."