View Full Version : 1924 loar at elderly
Was going through some boxes, came upon this gorgeous hunk, all original (with case) except bridge top, with Virzi....$38,000.
cooper4205
Oct-19-2006, 8:47pm
cool, what year was that? looking back, those must've been the good ol' days for a mando player with some spare cash!
f5loar
Oct-19-2006, 9:05pm
Investment in a Loar in 1996 at $38,000 today brings you $160,000.
Investment in 1000 shares of Enron at $38/share in 1996 would bring you zlich today!
Investment in 1996 a Loaded Cadillac at $38,000 today would bring you $1000.
I'll stick to pickin'& grinin' over grieving and crying!
cooper4205
Oct-19-2006, 9:10pm
that's amazing how much they've appreciated in 10 years, almost four times as much, so are we looking at half a mill in 2016 or should it level off somewhere?
Mike Buesseler
Oct-19-2006, 9:47pm
so are we looking at half a mill in 2016 or should it level off somewhere?
That, I would say, is a million dollar question. If anyone had a certain answer to it, an F5 would cost exactly that much ($500K) today. The way I learned it, the price of investments (in an open market) exactly reflects it's future expected value...or something like that. http://www.mandolincafe.net/iB_html/non-cgi/emoticons/tounge.gif
danmills
Oct-19-2006, 10:36pm
An investment of $38k in a large cap mutual fund in 1996 would be worth about $90k or so today (before taxes). Not as good as a Loar, but better than Enron or the Cadillac! http://www.mandolincafe.net/iB_html/non-cgi/emoticons/smile.gif
evanreilly
Oct-19-2006, 11:11pm
Yeah, and all of that!!
The first Loar I saw for sale in a music shop was $800.
Being a mere callow, wet-behind-the-ears youth, I did not have the money, of course.
The F-4 next to it wsa $400.00, by the way. that is interesting.
sprucetop1
Oct-20-2006, 11:38am
I saw a Loar for sale here in the UK in 1965 for £75....say $175 then. I didn't buy it........John
Darryl Wolfe
Oct-20-2006, 11:55am
73725, $300 from downtown music store in Cleveland (Epsteins), 1967
$1200, $2000 1968,1970 72204 and 72615
$5500, $6000 1976 75940 and 72615
delsbrother
Oct-20-2006, 12:28pm
That's cool Darryl.. Is that info (purchase date and price - for those Loar owners willing to disclose) in the F5 Journal? It would make an interesting read..
Darrell
Darryl Wolfe
Oct-20-2006, 1:36pm
No, Those are ones I either purchased, was offered, or that owner doesn't care if anyone knows he paid $300 or $1200 for. #There are only a few with that attitude. In general terms most owners do not want their purchase price info known.
Bob Denton
Oct-20-2006, 1:57pm
And then there is California property!!
Darryl Wolfe
Oct-20-2006, 2:02pm
And then there is California property!!
Ha..It's not to easy to "flip" Loars
cooper4205
Oct-20-2006, 4:34pm
was that $300 price just a good, one of a kind deal at a store or did something happen between 67 and 68 in the world of vintage mandolins to make the loar go from $300 to $1200 in a year? is that when the collectibility began to out-weigh the playability whith loars? i mean everyone knew they were good mandolins then, but when did the loar mystique, and the fervor over them, start to really take-off and the price be higher than contemporary mandolins?
f5loar
Oct-20-2006, 7:34pm
Vintage took off in 1969 when a former member of the Byrds teamed up with a former member of the Buffalo Springfield and a former member of the British group The Hollies and decided to record together and went into Gruhns and Mandolin Bros buying up old top of the line instruments.
Bill Halsey
Oct-20-2006, 8:43pm
Was going through some boxes, came upon this gorgeous hunk, all original (with case) except bridge top, with Virzi....$38,000.
That was #75691, of which I did an extensive b/w photo shoot; see some of the images on the Archive at http://www.mandolinarchive.com/perl/show_mando.pl?192.
Coincidentally, #74000 was at Elderly at the same time @ $40k. Hog heaven.
f5loar
Oct-22-2006, 6:34pm
did you take b/w photos of 74000? It was near mint.
Bill Halsey
Oct-22-2006, 8:11pm
did you take b/w photos of 74000? It was near mint.
And did it ever sound, too. No, Tom -- unfortunately, it was getting late and I wanted to get some bench time in with these instruments, so I never did much with the '23, even though those are my preference. In those pre-digital days, I was trying to capture reflections to help document countours and details. Of course, now I know I should have sold my cameras, mortgaged my dog and just taken it home.
However, I can share a shot we did at the end of the day, when we took a little poke at the other Stan by doing a "Mandolin Brother & Sister" pose (I don't think either Stan will mind.) My wife Marilyn is holding the '23 sidebound, and Stan has the '24 w/Virzi. Yum.
f5loar
Oct-23-2006, 12:35am
They both look brand new! 74000 was at LoarFest West.
Ken Waltham
Oct-23-2006, 8:00am
Yeah, I've played that 74000... a pretty passible mandolin.....
http://www.mandolincafe.net/iB_html/non-cgi/emoticons/smile.gif
On a serious note, I remember distinctly that F5 at Elderly, and thinking there was no way in the world I could ever afford it. I really would've loved it, but there was no chance. However, someone with the same B-Day as the F5 got it, and deservedly so!
Ken
I also remember that issue coming in the mail, thinking "Wow, I would love that mandolin". I showed it to people at work, they thought I was nuts. That was when 40 grand was the benchmark, where it stood for quite a while, as I recall.
mandoman4807
Oct-24-2006, 4:32pm
An investment of $38k in a large cap mutual fund in 1996 would be worth about $90k or so today (before taxes). Not as good as a Loar, but better than Enron or the Cadillac! http://www.mandolincafe.net/iB_html/non-cgi/emoticons/smile.gif
And then there is google http://www.mandolincafe.net/iB_html/non-cgi/emoticons/biggrin.gif #Once at $35.00 a share, now up over $450.00 a share. There are many getting very wealthy on this investment and easer to obtain than a Loar as well http://www.mandolincafe.net/iB_html/non-cgi/emoticons/biggrin.gif
Darrell