For those of you that are not familiar with this character it is from an episode of Ultra Q, the precursor to the Ultraman TV show. It is from Episode 9, クモ男爵 (Baron Spider or The Spider Lord), translations are so subjective sometimes. I like The Spider Lord, sounds more kingly than baron and it is a pretty big spider. The toy itself is huge, about 12" across and painted in the trademark darkly gorgeous metallic purple and blue on black vinyl that Yuji always does so well. I am not sure about the price but you know it will be well worth it, M1GO always amazes me at the quality of thier releases and the prices they sell at. Many other companies would sell the same toy for 20% more and it would not look as beautiful as the toys M1GO releases.
Here is a couple shots of Kumo Danshaku from the show:
Just incase it's your first time here is the Ultra Q opening, great creepy music! I'd put a Kumo Danshaku clip up but I couldn't find anything and Japan is very strict about copyright so stuff gets pulled pretty fast over here from YouTube.