2017 Year Ender Part 2

This is a “first rack” ’59 ES-345-these are a little different than later ones and command a premium and sell for $20K or more if collector grade. Later ones with the black VT ring are up there too. Later 59’s with the gold ring are strong as well, in the high teens. 60’s are catching up too. Bigsbys are weak and can be a good deal right now.

This post will look back at 2017 with regard to ES-345’s and ES-355’s. 2017 started out with 345’s and stereo 355’s pretty much flat and pretty much not selling with the notable exception of 59’s. Owning a 59 of almost any model seems to continue to hold some voodoo cachet that no other year can quite match. Don’t get me wrong, 59’s are great but do they deserve the kind of reverence they seem to inspire? Maybe, but that’s a different post which I will get to.

At the beginning of the year, I swear, I couldn’t give away 345’s from 1960 on. I’d have been better off parting them out they had become so stagnant. I look back at my records for the year and I see the 59’s flew out the door at strong prices-hitting $20K (or more) for clean early 59’s and the high teens for later (transitional neck) 59’s. But the 60-64’s were just not going anywhere. I had a gorgeous red stop tail 60 with no issues other than a repro guard ($1000 part) for $13K and it took months to move. And Bigsby 345’s? Anything over maybe $11K was going nowhere and I simply stopped buying them. I don’t think I sold any in 2017. By year end, the stop tails had perked up and PAF 345’s are selling well again. Bigsby’s are still a tough sell but that makes them a relative bargain if you can find a seller who hasn’t dug in his heels. And therein lies the problem. Nobody wants to lose money on a vintage guitar so few owners are willing to sell at a loss. They simply sit there in standoff mode.

Stereo 355’s were no better than 345’s but monos were strong all year. Since 355’s, as a rule, always have a tremolo (Bigsby, sideways, Maestro), they can be a tough sell as well. Again, 59’s were the easy sell with prices pushing $20K for monos and stereos back in the mid to upper teens. Double white PAFs can tack on a few thousand. One 59 mono stop tail showed up this year and it sold at a serious premium (I only know of three) and a stop tail 60 sold recently as well from another dealer although I don’t know the price. In general mono 355’s sell very well and even those from 61-64 don’t hang around for long, although they  don’t show up very often either since they didn’t make that many. Again, mid teens for clean examples seems to be the norm right now. A 60 mono will be a few thousand higher. Stereo 355’s from 60 onward were pretty flat and seem to remain so. There aren’t ever that many on the market so a true assessment is difficult. I didn’t sell more than a few, mostly from 60. A footnote to 355 sales is that more of them have shipped overseas. With CITES regulations over rosewood getting tougher and more countries enforcing them, I’ve started shipping more ebony board 355’s to folks who want an ES but don’t want to deal with the paperwork (which, by the way, isn’t that complicated).

The OK crystal ball likes mono 355’s for 2018 and it also likes 59 and 60 ES-345’s. If you haven’t figured it out yet, late 59’s (gold Varitone ring) and early 60 345’s are virtually identical. The fat neck was largely gone by the early Fall and didn’t really get super thin until the late Spring of 60. So unless the 59 voodoo makes you woozy and opens your wallet, look for a fairly early 60. Any serial in the A33600 or lower range is bound to have the medium(ish) neck of a late 59. The blade thin neck is the rule after that right through most of 63. There are no hard and fast rules when it comes to neck profiles, though. I’ve had fat 60’s and super thin 59’s.

There is nothing to stay away from. Vintage is still a good buy and ES-345’s and stereo 355’s can be real bargains. Do your research and don’t pay stupid prices. If you still aren’t sure, email me and ask. Even if it’s a guitar being sold by another dealer or individual. If I think it’s a good deal, I’ll tell you so. If it isn’t, I’ll tell you that to. It’s not always easy to tell everything from photos, so get an approval period of at least 24 hrs. 48 is better. And if you think I’m wrong, you don’t have to listen to me. It is, after all, your money.

This 59 mono stop tail ES-355 showed up in 2017 and sold to a rock star. But I don’t kiss and tell. 59 mono 355’s (Bigsby) ruled the 355 roost in 2017 and will continue to do so in 2018.

One Response to “2017 Year Ender Part 2”

  1. RAB says:

    Charlie, good info as usual! As you’ve noted in the past neck profiles can vary considerably from guitar to guitar due to, among other things, hand shaping. So even though the guidelines generally hold true (E.G. 1960 necks are “thin”) it doesn’t hurt to play an instrument and see if you like it! There are other attributes to a neck other than depth (“thin”) such as the contours of the shoulders that can impart a beefy feel! My early ‘63 335 (S/N 104XXX) is such an example. The neck on my ‘62 Epi Riviera is more shallow than I generally prefer but it is a fine playing and sounding instrument. And, given only about 40 of the “short headstock” Rivieras were produced per year in 1962-1963 they are exceptionally hard to find…the one I have is in near mint condition so I am unlikely to find a nicer example! Cheers, RAB

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