Jim
My Stream on Soundcloud
19th Century Tunes
Playing lately:
1924 Gibson A4 - 2018 Campanella A-5 - 2007 Brentrup A4C - 1915 Frank Merwin Ashley violin - Huss & Dalton DS - 1923 Gibson A2 black snakehead - '83 Flatiron A5-2 - 1939 Gibson L-00 - 1936 Epiphone Deluxe - 1928 Gibson L-5 - ca. 1890s Fairbanks Senator Banjo - ca. 1923 Vega Style M tenor banjo - ca. 1920 Weymann Style 25 Mandolin-Banjo - National RM-1
Jim
My Stream on Soundcloud
19th Century Tunes
Playing lately:
1924 Gibson A4 - 2018 Campanella A-5 - 2007 Brentrup A4C - 1915 Frank Merwin Ashley violin - Huss & Dalton DS - 1923 Gibson A2 black snakehead - '83 Flatiron A5-2 - 1939 Gibson L-00 - 1936 Epiphone Deluxe - 1928 Gibson L-5 - ca. 1890s Fairbanks Senator Banjo - ca. 1923 Vega Style M tenor banjo - ca. 1920 Weymann Style 25 Mandolin-Banjo - National RM-1
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
Indeed....I had a chance to buy one in 1970 for $1100.....but as a poor college student didn't have the cash.
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!!
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!
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
Naw....my sale was college and 2 surgeries.....
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.
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
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.
Isabel Mandolins
https://www.facebook.com/pages/Arche...50923841658006
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
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?
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
I Pick, Therefore I Grin! ... "Good Music Any OLD-TIME"
1922 Gibson F2
2006 Gibson F5 Goldrush
2015 Martin HD28-V
2017 Gibson J45
I Pick, Therefore I Grin! ... "Good Music Any OLD-TIME"
1922 Gibson F2
2006 Gibson F5 Goldrush
2015 Martin HD28-V
2017 Gibson J45
Jim
My Stream on Soundcloud
19th Century Tunes
Playing lately:
1924 Gibson A4 - 2018 Campanella A-5 - 2007 Brentrup A4C - 1915 Frank Merwin Ashley violin - Huss & Dalton DS - 1923 Gibson A2 black snakehead - '83 Flatiron A5-2 - 1939 Gibson L-00 - 1936 Epiphone Deluxe - 1928 Gibson L-5 - ca. 1890s Fairbanks Senator Banjo - ca. 1923 Vega Style M tenor banjo - ca. 1920 Weymann Style 25 Mandolin-Banjo - National RM-1
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
I Pick, Therefore I Grin! ... "Good Music Any OLD-TIME"
1922 Gibson F2
2006 Gibson F5 Goldrush
2015 Martin HD28-V
2017 Gibson J45
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
"A cynic is a man who knows the price of everything, and the value of nothing." (Oscar Wilde) Now, what's the matter here?
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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