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Market Wrap 2015 Part 2

Biggest surprise had to be the blonde block neck I found in March. One of only two known. That's rare.

Biggest surprise had to be the blonde block neck I found in March. One of only two known. That’s rare.

Call it the Year of the Blonde. This past year, the value of blonde 335’s started approaching the 2007-2008 level and I’m not surprised at all. A very few stellar examples turned up in 2015 including two stunning birdseye topped late 58’s, a killer flame top Bigsby 59, a 63 blonde block neck and a 59 blonde 355. In a time when great examples are getting really tough to find, it was both astonishing and gratifying to see these stunning guitars see the light of day. I didn’t have all of them (OK, I had two of the ones I mentioned). I wouldn’t be surprised to see top quality blondes passing the $100K mark in 2016.

In general, dot necks were very, very strong in 2015. Part of this is due to the fact that really clean ones are getting scarce.¬†They really didn’t make all that many to begin with and so many are already in the hands of collectors that the few still with their original owners or owner’s families just don’t come up that often. That said, even the player grade 59’s are selling at very strong prices. You aren’t likely to find a 59 under $30K any more. Unbound 58’s continue to be fairly strong but bound 58’s are a standout. Early 60 dot necks are right on the tail of the 59’s. Neck size still counts and that’s what keeps the later 60 and 61 dot necks well below $30K unless they approach mint condition.

That same desire for a big neck has kept most of the block necks from moving very far upward in value in the past year. A red 64 used to be the easiest 335 to sell, especially right after the market corrected but now they seem to have slowed to a crawl. 62 and 63 blocks with PAFs sell better than those without although the asking prices are pretty close if not the same. The bigger neck 64’s still lead the pack in terms of sales¬†but not by all that much. Maybe the era of the big neck is winding down.

Based on the folks who come into my shop and actually play multiple 3×5’s, the consensus is that the huge neck is a great talking point (mine’s bigger than yours) but when it comes down to actually playing the thing, the medium and smaller necks are getting the nod from the buyers. For many, they are simply easier to play. The narrow nut versions are still considered less desirable but “wide flat” and “wide slim” are not the dirty words they once were. This may signal a coming trend that will see late 60 and 61 dot necks bump up to closer to the levels of the 58-59’s. We’ll just have to wait and see. I think many players can adapt to almost anything but there is an odd paradox that still baffles me.

Strat and Tele player typically love the necks on their guitars and there aren’t many that measure any wider than 1 5/8″ at the nut and, with a few notable exceptions, much deeper than .83″ at the first fret. That’s barely 64 territory on a 335 and yet, Strats and Teles keep on selling. The baseball bat and boat necks of the early 50’s are the notable exceptions. Nobody seems to bat an eye at a Strat with a first fret depth of .79″ but put that on a 335 and let the negotiations begin. “Gee, that neck is awfully slim…”

2015 was great fun for me. I found (or lucked into) some very cool guitars. The aforementioned blondes, a black 345, a blonde mono 355, a 59 red dot neck with a Varitone, a killer red 60 and quite a few others. And they came from some surprising places. The blonde 63 block came from somewhere in the north of Scotland (beyond the wall to you Game of Thrones fans). Lots of 335’s made the trip back across the pond from Europe this past year probably because the Euro was so weak and the dollar was so strong. But some still go the other way. Thanks to all the readers who keep me doing this and to all the buyers and sellers who make this business so much fun.

Happy New Year.

66345

First guitar to arrive in 2016 was this absolutely baffling MM ear 66 ES-345 with a ginormous neck. The only rule at Gibson is “No Rules”

5 Responses to “Market Wrap 2015 Part 2”

  1. davess23 says:

    Charlie, the f-holes on that 66 ES-345 look a lot like those on my 68 ES-335. Just the angle at which the picture was taken?

  2. Michael Minnis says:

    Thanks for the information, Charlie. And most importantly, thanks for keeping these great 3X5s alive for all of us! Looking forward to what 2016 brings!

  3. RAB says:

    Charlie, thanks for the 2015 ES wrap up! Looking forward to an awesome ES time in 2016! Thanks again for all your efforts and the knowledge you share on your great site; we dedicated readers sure appreciate it!

  4. Rod says:

    Seconded.

  5. cgelber says:

    Probably. Unless your 68 has the smaller f-holes (which is possible)

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