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Thread: So what is the "real" value of a Loar in today's world?

  1. #51
    Mando-Accumulator Jim Garber's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    Quote Originally Posted by goaty76 View Post
    One of them, which is kinda "Loar-ish" if that's a word, is one of only two publicly known examples. George Gruhn has the other in his personal collection hanging outside his office.
    Lloyd's personal musical saw?

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    Default Re: So what is the "real" value of a Loar in today's world?

    This one

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    Phil

  3. #53
    Mando-Accumulator Jim Garber's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    Quote Originally Posted by goaty76 View Post
    This one

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    Phil
    That is so cool. I love the oddballs like that and Lil Pup.
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  4. #54

    Default Re: So what is the "real" value of a Loar in today's world?

    Quote Originally Posted by Henry Eagle View Post
    $ 600? Hold your horses! Reischman paid about 8k in the early 80s. Grisman I don't know, but I'm guessing around 20k, big money back then.
    I'd pay extra for those big name mandos, mainly because they are among the best instruments (if I had the $$, and they were available).
    Grisman paid $550 for his first Loar, a Feb 18...this was in the 1960s, according to his interview with Chris Thile in Fretboard Journal.

  5. #55
    Loarcutus of MandoBorg DataNick's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    Quote Originally Posted by PVia View Post
    Grisman paid $550 for his first Loar, a Feb 18...this was in the 1960s, according to his interview with Chris Thile in Fretboard Journal.
    And Ricky Skaggs paid $2500 for his in 1975.
    Prices have exponentially increased, therefore the Reischman figure seems perfectly reasonable.
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    Registered User Gary Hedrick's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    Indeed....I had a chance to buy one in 1970 for $1100.....but as a poor college student didn't have the cash.

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  8. #57

    Default Re: So what is the "real" value of a Loar in today's world?

    Quote Originally Posted by Gary Hedrick View Post
    Indeed....I had a chance to buy one in 1970 for $1100.....but as a poor college student didn't have the cash.
    To put it into perspective, many of us drove $50 used cars back then -- yep, $50 bought a running car....

    coming up with $1100 would have been impossible, for me, as well.

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    Registered User Gary Hedrick's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    Indeed.....big time engineer in 1973 as a new graduate making all of $9250/ yr.....whew ...the big time.....

    I really had scrape up the bucks to buy a Loar in 1983 for $7250......my wife took a lot of coaxing to get that done!!

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  12. #59
    Loarcutus of MandoBorg DataNick's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    Quote Originally Posted by Gary Hedrick View Post
    ......my wife took a lot of coaxing to get that done!!

    At least (I hope) she didn't make you sell it to buy a new washer & dryer; that's how Ricky got his. The guy didn't want to sell at the last minute, but his daughter pulled on his coat and reminded him that he'd promised "Mama" to sell that ole mandolin to buy her a new washer and dryer,....brother!
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    Registered User Gary Hedrick's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    Naw....my sale was college and 2 surgeries.....

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    Registered User f5loar's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    Quote Originally Posted by DataNick View Post
    And Ricky Skaggs paid $2500 for his in 1975.
    Prices have exponentially increased, therefore the Reischman figure seems perfectly reasonable.
    The Grisman 1st Loar and the Skaggs 1st Loar had "issues" hence the cheap price.

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    Default Re: So what is the "real" value of a Loar in today's world?

    There were Loars purportedly available in the early 70s for about 5K; it was all I could do to get my F4 at the time for a grand.

  18. #63

    Default Re: So what is the "real" value of a Loar in today's world?

    I know an artist who purchased a Loar in 1966 for $750. And it was a great instrument; not a thing wrong with it. That was the going rate for that day. About 1977-78 another was purchased for $4,500 and one for $7,000. One was very nice the other was mint. Again, that was pretty representative of prices then. The price differences had more to do with different private party sellers than condition of the instruments. In all cases it was a lot of money.

    Steve

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    Registered User fscotte's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    I think the $75k valuation like the pokered one currently at Carter's is the realistic cash value of the non-pokered Loars.

    Just think, that Loar is $75k. Who cares if it needed some repairs. You could make an offer of $40k and probably own it. No need to play it. Take the strings off, put in case, vault it.

    Seriously, I think the damaged Loars are the way to go. You have a real Loar. With real lasting value. One of a kind. Consider Monroe's Loar. Likely the most valued Loar in existence. Yet, probably the worst damaged mandolin you'd ever see. It's value simply because it was played by Monroe. But its still just a Loar. No more worth than that $75k Loar at Carter's. And I may say, that mando sounds really nice.

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  21. #65
    Loarcutus of MandoBorg DataNick's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    Quote Originally Posted by fscotte View Post
    ...You could make an offer of $40k and probably own it...
    I think you're on to something there; imagine if you walked into Carter's with $40K cash in a briefcase, you'd probably walk out with it!

    Repair it to get it optimally playable/set-up and badda-bing; you've got a Loar for the price of a 30s Fern.

    Oh well a guy can dream...LOL!
    Last edited by DataNick; Dec-10-2016 at 5:27pm. Reason: spelling
    1994 Gibson F5L - Weber signed


    "Mandolin brands are a guide, not gospel! I don't drink koolaid and that Emperor is naked!"
    "If you wanna get soul Baby, you gots to get the scroll..."
    "I would rather play music anyday for the beggar, the thief, and the fool!"
    "Perfection is not attainable; but if we chase perfection we can catch excellence" Vince Lombardi
    Playing Style: RockMonRoll Desperado Bluegrass Desperado YT Channel

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    Default Re: So what is the "real" value of a Loar in today's world?

    My take is that "they" are all consignments. Most stores don't want the "wiggle room" to come out of their end. If they have a serious buyer, they might give the owner a call and see if they want to lower it from their end. I've never handled any sales that large -- but, I'm guessing it opens up a can of worms, as far as IRS, etc., is concerned -- I know Paypal sends me a Form 1099 for my eBay sales every year.....hmmm, I bought it for $650 in 1965 and sold it for $175K, so my "profit" is..........not sure how that works?

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    Registered User Timbofood's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    So, how many are buying for Christmas? I will be happy to PM my address, it would be lovely to find under the tree! Thanks!!!
    Timothy F. Lewis
    "If brains was lard, that boy couldn't grease a very big skillet" J.D. Clampett

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  26. #68
    Mike Parks woodwizard's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    Quote Originally Posted by Spruce View Post
    A future cologne booth at IBMA........not.
    I swear when I walked into and through the foyer at Gruhn's I could smell vintage Gibson strongly!
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    Mike Parks woodwizard's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    My last recent purchase this year a 1922 F2... Very Sweet! Everyone that has something in the Loar era would like to think he had a hand in on yours right?
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    I Pick, Therefore I Grin! ... "Good Music Any OLD-TIME"

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    Mando-Accumulator Jim Garber's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    Quote Originally Posted by woodwizard View Post
    My last recent purchase this year a 1922 F2... Very Sweet! Everyone that has something in the Loar era would like to think he had a hand in on yours right?
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    Hey Mike: Both of those F2's look amazing.
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    Default Re: So what is the "real" value of a Loar in today's world?

    This thread has me wondering about the "real" value of anything! I see no intrinsic value in objects at all, only the value we assign individually (a personal value), and the value others agree on. Since I'm in part in the business of disagreement (law), I have a good deal of cynicism in looking at values. Just look at valuing a business! How many different ways can you value it? Lots!

    The Internet has been both a leveler and an inflation device for "values."

    Regardless, just as with a car, the best deal usually happens after one walks in with a brown sack full of cash, and is later chased down the street by a sales manager attempting to keep one from walking away! This really works with very expensive things and briefcases full of big bills. Sellers loose objectivity rapidly (I still have my way too cheaply sold 1991 Ranger - should have kept the paper bag and framed it!)
    Stephen Perry

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  32. #72
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    Default Re: So what is the "real" value of a Loar in today's world?

    Quote Originally Posted by Jim Garber View Post
    Hey Mike: Both of those F2's look amazing.
    Well thank ya Jim. They are twin sisters I was trying to show ones behind but made a opps my bad
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  33. #73
    Registered User jim simpson's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    I believe the current Vintage Guitar magazine price guide section lists $120,000 - $180,000 for a 1924 Loar .
    Old Hometown, Cabin Fever String Band

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    Registered User Hendrik Ahrend's Avatar
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    Default Re: So what is the "real" value of a Loar in today's world?

    "A cynic is a man who knows the price of everything, and the value of nothing." (Oscar Wilde) Now, what's the matter here?

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    Default Re: So what is the "real" value of a Loar in today's world?

    A quick internet search shows 16 Loars for sale between just 5 well-known dealers. I'm sure there are more on the market outside of those. A good many of the ones for sale have been listed for a considerable time. It's hard to say what the current market price would be. But logic would dictate, that the actual transaction numbers would be quite a bit below the listed asking prices.

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