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A Few of My Favorite Things

Sunday, November 29th, 2020

Nope. No raindrops on roses. No whiskers on kittens. I could go on…

I get asked all the time what guitars are in my “collection” and I usually simply explain that I’m not a collector. If one is to be a successful dealer (and this is, after all, my full time job), you need to follow a couple of simple rules. Buy low and sell high is the first one. The second is “don’t fall in love”. I get a lot of wonderful guitars. I have had spectacularly good luck in finding the rarest and the most unusual ES guitars out there. A few come to mind-the blonde 59 355 mono, the red 59 335’s, the black 59 345’s, the blonde 63 block neck, the white 355 and one of the very first guitars I sold as an “official” dealer, the blue Trini. I would have kept every last one of them had I been a collector. I hate to see them go but I love to see them go because they always end up in the hands of someone who will be their caretaker until they are passed along to the next owner. But I do have my personal players that could be construed as a collection. There are five of them. Only one is a 335.

Anybody have a long guard they don’t need? The top of this guitar is the back of an EB-2 as are the sides. The back is new as is the neck. This is my current player but I’m not particularly attached to it.

I always keep a player 335 (or 345 or 355). It’s almost always a “three legged dog” of some sort…a guitar I can’t sell for one reason or another. My current 335 is a blonde 59. It started its life as an EB-2 bass. I bought it for $2000 and it was in four or five pieces. The glue had failed almost everywhere and the top was completely separated from the rim and the neck was off as well. I could have put it back together I suppose but instead I sent it to Ken McKay and he made a 335 out of it. How he did that is another post. It’s a great player with a nice set of PAFs and a custom shaped neck (a cross between a 59 and a 64). I’d probably sell it if I thought anyone would buy it and I’d simply replace it with another 335. Before that it was a blonde 59 345 that was just fabulous with a new neck and three filled holes in the top. I sold it after 5 years and I don’t regret having done so. The new owner seems very happy with it. And I will buy it back if he ever sells it.

I always keep a player 12 string for playing with friends and doing old Beatles tunes. This is 2005? Breedlove Classic XII. Great player and pretty cool looker too.

The “collection” is actually three other electrics and an acoustic 12 string. I play 12 string quite a lot with my sometime “band” doing only old Beatles tunes. I’m the 12 string player most of the time. It’s a 2000 something Breedlove Classic 12 made of ebony and it’s probably the best playing 12 string I’ve owned. I use a Rickenbacker 660 sometimes but I have no deep connection with it. It’s actually kind of a pain in the ass because it requires a truss rod adjustment every month or so. The electrics might surprise you. None are Gibsons but all are Gibsons. Here they are the “OK Guitars Collection”

Even these aren’t necessarily keepers. I look for better examples and periodically replace one with another. In fact both the Coronet and Crestwood are fairly recent acquisitions. These are, left to right, a 61 Wilshire, 62 Coronet and 62 Crestwood. I had an Embassy bass to go along with these but I sold it. These are killer players and the Wilshire is perhaps the best P90 guitar ever made. Total cost for all three was under $15000.

Is This Good News?

Saturday, November 21st, 2020

A 1958 Stratocaster is a wonderful guitar but it is by no means a rare guitar. There are a ton of them on the market right now and many seem to be priced in the Stratosphere (get it?). Supply and demand is like karma. Look out.

Prices are up. Sales are up. To a guitar dealer, you would expect this to be a good thing but I have my doubts. Here’s why. Asking prices are up. Way up. Usually, it’s the individual sellers who are out of touch with the market but even the dealers, big and small, have jacked up their prices with the kind of wishful thinking I usually reserve for widows and orphans (you know Grandad’s beloved, beat to hell ES-330 for $40K). Listen, I should be thrilled that asking prices are up as it allows me to get more for my guitars but I’m not because it makes it very hard for me to buy guitars at a price that will allow me to make a profit. I know boo-hoo, but it’s not just me. It’s you. I’d rather make a few thousand dollars selling you a fairly priced $30,000 guitar than make the same money selling you an overpriced $30,000 guitar.

OK, then what constitutes fairly priced? Hard question. If we use 2006-2008 as the theoretical top of the market, then we are in for trouble because we’ve gone past those numbers for certain 335’s. I acknowledge that collector grade guitars have gotten very hard to find and those prices will likely soar but most of the 335’s on the market right now are player grade to not quite collector grade. Bigsby’s, tuner changes, extra holes and incorrect parts don’t seem to make much difference lately. Everybody just asks what everybody else is asking with the attitude that “well, if dealer x is asking $35,000 for that piece of crap, I should be able to get at least that much for mine which is so much nicer.” Problem is that dealer x hasn’t necessarily sold that guitar for that inflated price but you don’t know that. You just know it’s gone and the selling sites don’t tell you final sale price in most cases. A fair price is what the guitar sells for (and yes, there are outliers).

I’ve written about this before. I call it a standoff. You’ve priced your guitar too high and I won’t buy it for that price. I will wait you out until you come back to earth (if you come back to earth) and ask a fair price. But, again, it’s not good for the market. These overpriced guitars will sit (and sit and sit) and more guitars will come on the market and they will sit and sit and then there will be a lot of guitars just sitting. While these overpriced guitars are sitting and sitting, somebody (like me) is selling guitars left and right by pricing them fairly. The problem is, of course, I can only price them fairly if I can buy them fairly and that has gotten to be difficult.

Now comes the hard part. How does this correct itself?-I say correct itself because there’s no way any individual can get the entire guitar selling public to do anything. In 2008, the entire vinatge market crashed to earth and, with very few exceptions, everybody got hurt. It did, however, fix the problem. We got close to this point in 2017-2018 and certain markets fell significantly due, mostly, to a glut of good vintage guitars for sale, especially 50’s and 60’s Stratocasters. This is probably how it will go this time, pandemic or not. So, who does this hurt? Market gluts are not democratic. Guitars with low production figures like 335’s and Les Paul standards and Customs tend to hold up pretty well. Higher volume guitars like Strats and Teles and Jr’s and Specials get hit pretty hard. Supply and demand is a cruel master. Even with the really high demand we’re all seeing during the current public health crisis, the supply is growing rapidly. Here’s a good example…there are 20 1958 Stratocasters on the market right now. They are priced from $20,000 to $35,000. I just sold one for $26,000 with no issues in 9/10 condition. That means a lot of them are overpriced-mine didn’t sell overnight-it took a few weeks. So who is paying $30K plus for them? Nobody. That’s who. Now let’s look at a lower volume but no less popular guitar-a 59 ES-335. There is one on the market. One. The demand is up but the guitars aren’t there. The law of supply and demand will straighten this out and he result will be good for some folks but not so good for others.

I’ve often made the point that rarity doesn’t count for that much in vintage guitars but even with that easily made point, the law of supply and demand still applies. A blonde 61 Byrdland is a really rare guitar but nobody is clamoring for one and the value remains stable. A 58 Stratocaster is not rare but lots of folks want them but with 20 to choose from, the smart buyer buys the one that is priced well. A 59 ES-335 is a lot rarer than a 58 Stratocaster and nearly as popular but with so few out there, you can guess which guitar will hold its value best when the market comes back to earth. Buy smart, people.

A 1959 Gibson ES-335 is one of the most collectible guitars there is. They aren’t rare but compared to that Strat up top, they are really rare. There is only one on the market as of today as opposed to 20 58 Strats. which one is going to sell and which one is going to sit (and sit and sit). Again, supply and demand is a cruel master. Just like karma.

Magical Thinking

Friday, October 30th, 2020

Les Paul aficionados will often pay a huge premium for a Brazilian rosewood fingerboard. They are beautiful but the fingerboard doesn’t have much effect on the tone of your guitar. This is a 2003 R9.

Vintage guitar aficionados love magic. Magical wood (like Brazilian rosewood), magical cloth (original Fender tweed), magical plastic (white pickup bobbins, bumblebee caps) and magical metal (A2 magnets and short seam aluminum tailpieces). Nobody really wants anyone to say that most of this magical stuff is nonsense because it’s bad for business. Those of us who are seriously involved in the selling of vintage guitar do well to perpetuate these myths because it’s great for business.

Even though this is a 335 blog, I’m going to use a Les Paul as my first example. An all original Les Paul burst will cost you $300,000 or more and has, over the years, been a good investment. A used R9 reissue will cost you from around $4000 to maybe $12000 for a Brazilian board model. The fact that you’re considering paying an $8000 premium for a $200 piece of wood is loony enough. The fact that a Brazilian board adds no tonal advantage isn’t really relevant but I thought I’d mention it for those who believe they can hear the difference between an Indian rosewood fingerboard and a Brazilian board. So, you can’t justify paying $300,000 for a guitar (or you can’t afford it) and you want to get as close as possible. Well, you’re already pretty close, the current Les Pauls are quite good but, for many of you, maybe you can get closer and that’s where the crazy starts.

I’m making an assumption here. I assume you are after the best possible tone from your guitar and that cosmetics are secondary. Repro parts have gotten so good that unless you are standing 6 inches from the guitar, you won’t be able to tell a repro from the real thing, so we can eliminate the cosmetic angle. That said, a really good upgrade would be a pair of really excellent pickups. You will hear a difference and it doesn’t have to cost a fortune. A set of Throbaks (and some others) sounds a whole lot like a set of PAFs (although one PAF can sound very different from another) and will cost you $550 or so. Or you can buy a set of real double white PAFs for $10,000-$12,000. Crazy? You bet, but at least they will hold their value even if the value of your guitar drops like a stone and you will hear a difference. But what about the premium for double whites? Contrary to some opinions, they don’t sound better than blacks and will cost you twice as much. But whites look so much cooler, right? Right but are they $5000 cooler when I can get a set of double white Throbaks for 1/20th the price? Your call.

How about magic metal? An authentic short seam 50’s (or later up to 64) tailpiece is around $1800 and it will look and sound pretty much the same as the very decent repro that came on your Les Paul. Same goes for an authentic no wire ABR-1. It will look about the same and it will sound about the same but you’ll be out $800 or so. How crazy do Les Paul owners get? Well, there seems to be a limit. I don’t know of anyone who has spent $10,000 on a set of authentic 50’s pickup rings. But is that any crazier than spending $250 on a catalin switch tip? Answer: Yes, it is… by about $9750. I figure that if you want to make your $4000 R9 as close to a real 59 as possible, it will cost you about $30,000 and that changes everything but the wood and the truss rod. But you know what they say about old growth wood. It’s magical.

You can do the same upgrades to your 335 but they will cost you a bit less but still will top $20,000. Considering a player grade 59 335 can be had for less than 1/10th the price of a 59 Les Paul, we don’t see as many folks doing those types of upgrades. But I’ve had plenty of inquiries about putting PAFs into a new Memphis 335 or maybe changing out the tailpiece for a 50’s. My advice? Save your money. Buy a set of good boutique PAF type pickups and you will probably like what you hear. That tailpiece? Again, save your money. An old one won’t sound any better than a new one.

Finally, there is magical cloth as in Fender tweed. I love Fender tweed amps. I have three of them and I enjoy each one. You can buy a decent original Bassman for around $10,000. It’ll have some changed caps most likely but we’re after tone and the smart amp tech doesn’t replace the caps that affect the tone. Or, you can buy a re-tweeded Bassman for $5000 (or less) and get the exact same tone (and sometimes) even the same look for half the price. The idea that a retweed knocks off half the price of a Fender amp is one of the nuttier concepts in amp collecting. I get that originality is a big deal to collectors. But if you want a Bassman because it sounds great, why are you spending an extra $5000 for cheap, beat up old luggage cloth? Full disclosure-all three of my personal tweeds are original tweed and I spent a lot of money for them and I will eventually list them and sell them. So, why did I opt for the collector grade original spend an extra $5000 tweed? Because it will magically run up in price as the market for original tweeds runs up. A retweed will not. My personal rule for “investment” pieces is to buy the best, most original example you can find.

You can add $30,000 worth of parts to your R9 but it’s still an R9. Those expensive parts you bought will hold their value just fine in most cases, so they aren’t a bad investment. But a guitar isn’t like a house. Put in a $20,000 bathroom and the value of your house goes up by $25,000. Buy a $12,000 set of PAFs and the value of your guitar goes up by…wait for it…$12,000. Originality doesn’t count in a house. It counts in collectibles though. Unfortunately, no matter how good the re-tweed is, it’s still a re-tweed and no matter how good the refinish is, it’s still a refinish. Keep these things in mind when there’s magic in the air. Not all magic is created equal.

I could argue that double whites sound better than double blacks but I would be lying. They are often wound a bit hotter than blacks (I have a theory about this) but the white bobbins have no effect on tone. They sure look cool though. This is a 1960. Double white PAFs were mostly gone by then unless they are gold. The nickel ones largely disappeared during 59. Zebras hung in for a while though. My 60 335 has them.

The Myth of Fingerprints

Friday, October 16th, 2020

I’ve got this crazy clean 59 ES-335 and it plays and sounds as good as at least 95% of the 335’s I’ve had. Just because it was well cared for OR simply not played much doesn’t mean it’s a dog. That’s a myth. Well played beat up guitars are often excellent players but very clean guitars aren’t always unplayed. Sometimes they are simply well cared for. Sometimes they are unplayed for reasons other than they suck.

With apologies to Paul Simon because I’m sure this isn’t what he meant when he wrote about the “myth of fingerprints”, there are certain myths and legends that seem to creep into the vintage guitar consciousness. Like early 60’s Les Pauls were made from leftover bodies (they weren’t) or Brazilian rosewood fingerboards sound better than Indian rosewood. Both persist and you can argue the latter all you want but until somebody can prove the point, I’m sticking to my guns. But the myth I’m going to try to blow a hole in today is the idea that if an old guitar is mint or close to it, it must be a dog because nobody wanted to play it. I’m writing from experience here as I get to play a lot more guitars than you do and probably a lot more mint ones.

First off, the reverse has some truth to it. A guitar that HAS been played a lot is probably a good one because bad ones actually don’t get played as much. But just because a guitar didn’t get played doesn’t mean it sucks. It CAN mean that but I think the more likely scenarios follow. Little Johnny gets a spectacular red 335 for his 12th birthday in 1964 from his Aunt Mildred who played ukulele in a USO band in 1944. Johnny has no talent and even less patience, so after a half dozen lessons from Mr. Orsini (who will only teach jazz and Johnny wants to be a rock star so the girls will like him), he gives it up and it sits under the bed at his Mom’s house in Schenectady. Johnny goes on to greatness as a prosecutor and has a wonderful life until he gets caught taking bribes from the mayor. Johnny goes to jail for white collar crimes and has to put his mint 64 335 on Reverb in order to make bail.

OR Billy saves up the money from his paper route that gets him out of bed a 4 AM every morning for a lousy $4.49 a week (plus tips from Mrs. Van Dyck up the street who thinks Billy is cute). He scrimps and saves and finally after 2 years is able to buy that Stratocaster that’s in the window of Hermies Music Store in Schenectady. Billy plays in a band and he wipes down his Strat after every song and puts it in the case between sets rather than leaning it up against the Super Reverb that took him another year to get (Dad helped out but Mom doesn’t know about it). 55 years later, Billy still has his prized Strat (and plays it every day and still wipes it down) until he passes away in 2020 of Covid 19 and his no talent son puts it on Reverb to get money to buy weed.

OR little Jimmy’s father was a semi-pro player and he “inherits” Dad’s nearly new ’73 Les Paul Custom when Dad suddenly disappears with his administrative assistant and is never heard from again. Little Jimmy has a ton of talent but the guitar weighs 13 pounds and sounds like crap. Jimmy has his beat up Telecaster and leaves Dad’s guitar at Mom’s house when he finally moves out at the age of 25. Now Jimmy isn’t little Jimmy any more but Dad’s old LP is still under the bed at his Mom’s. Jimmy bought himself 20 or 30 guitars over the years but that old LP is just a dog of a player. Then 2020 happens and the economy tanks and Jimmy has to sell some things to make rent and he remembers the old LP at Mom’s house in Schenectady and puts it on Reverb.

Both Johnny’s and Billy’s guitars are tone monsters but neither got beat up-one because the owner had no talent and the other because the owner was careful. Both scenarios are made up but they illustrate the disconnect between the idea that a mint guitar is a bad player and a beater is a great one. Only the third scenario gives any credence to the myth. The guitar that has no fingerprints (and dings and dents and scrapes) CAN be a dog but it isn’t necessarily a dog. A beater is less likely to be a dog-I will grant that but I’ve played enough great mint guitars to know that the myth is false. There is something known as “The Curse of the Mint Guitar” which I’ve written about if you can find it. Or I’ll just write another post about it later. Now, I think I’ll go play the mint 59 335 I’ve got in my shop.

The stories are made up but based in truth. I am, in fact, from Schenectady, NY but this is not biographical (mostly). Hermie’s Music is a real place in Schenectady and Mr. Orsini was my guitar teacher in 1964 who hated rock and roll. I am neither Johnny, Billy or Jimmy. They all exist but the names are changed.

Greed is Not Good

Saturday, September 26th, 2020

When is a PAF not a PAF? When it doesn’t have a sticker. Stickers rarely fall off. In fact I’ve hardly ever seen it over my 20 years in this business. So why am I seeing so many in recent weeks? Yes, the one on the left has slotted screws and it shouldn’t.

I’m seeing something that I really don’t like. I’ve been selling PAF equipped guitars for decades now and I’m seeing a trend that is, at best, annoying and at worst, criminal. I’ve owned about 700 Gibson guitars over the years and at least half of them have had PAFs. That’s somewhere around 700 PAFs, give or take a few since some guitars have only one of them (and some have three). I check every guitar I get very carefully and that includes taking out the pickups and looking at the backs. I look for the sticker, of course, and the tooling marks on the feet and I make sure the bobbin screws are correct and I inspect the solder to make sure the pickups haven’t been opened and if they have, I’ll open them again to make sure they haven’t been rewound or repaired. Out of those 700 or so PAFs I’ve seen, less than 10 of them were missing their sticker. I will note that early patent numbers have often been missing their sticker especially in 64 335’s possibly because they were transitioning from the PAF sticker to the patent number or maybe they just fell off. I suspect the former. In which case, the unstickered pickup in that 62 or 63 that’s being called a PAF by the seller probably isn’t one. PAFs in 64 335’s are not common at all so if someone tells you the pickup without the sticker in a 64 is a PAF, you can be pretty certain that it isn’t.

So, why am I suddenly seeing so many guitars with one PAF and one pickup that is missing its sticker? Did they recently start falling off the pickups in the last year or so? I see 10 PAFs with no sticker in 20 years and, oddly, I can find at least ten of them for sale in the past month or two. Of course, the missing sticker must be a PAF because the other pickup with a sticker is a PAF. The boldface italic denotes sarcasm in case you missed it. This should be considered in light of the fact that plenty of 62 and 63 Gibsons had one of each. I have written more than one post about the “$1000 sticker”. It says, essentially, that a PAF without a sticker is a patent number because they are the same pickup but for the sticker and if the only difference is the sticker and it isn’t there, then it must not be a PAF. You still with me? Good. PAFs have gotten really expensive. So have patent numbers but the differential is still around $1000. So, the unscrupulous seller has, say, a 63 ES-335 with one of each-a PAF and a patent number. Same pickups-different sticker. So, if I scrape off the patent sticker, then I can say that both of them are PAFs, right? After all, if the one with the sticker is a PAF, why wouldn’t the one without the sticker be a PAF as well? That’s the screwy logic behind this annoying trend. It gets worse. A really unscrupulous seller might take the stickered PAF out of a 58-61 and drop in a patent number with no sticker. Then it’s “oh, it must be a PAF because there weren’t any patent number pickups in 61”. I’m seeing this more and more as well.

I’m seeing this phenomenon among individual sellers and “hobby” dealers on Ebay and Reverb. I’m not seeing it among the big dealers so much. And, I will add, that there are PAFs with missing stickers out there but, as I said up top, it is really uncommon. Buyers, in general, aren’t stupid. The guitar buying public knows a lot about vintage guitars and they know what questions to ask. So, if you have removed a patent sticker in the hopes of making a couple of extra bucks on your sale, you are hurting someone down the line and you aren’t helping a business that already fights a bit of a shady reputation. So, if someone tells you the guitar is equipped with PAFs and, oh yeah, the sticker fell off one of them, you can expect the price to reflect that missing sticker to the tune of about $1000. If you’re going to sell me a PAF for $2500 or an early patent for $1500, then the sticker is worth $1000 and if it isn’t there, you don’t get the $1000. And, by the way, I know, it’s a decal and not a sticker.

No sign of a sticker on this pickup. The only time to accept a no sticker pickup as a PAF is if you can show that it has never been out of the guitar and the guitar is a 61 or earlier. And it still should get you a lower price than you would pay if the sticker was there.

There are no Rules

Monday, July 13th, 2020

This ES-355 has a 66 serial number but it has a wide-nearly 1 11/16″ nut. It could be that it was a leftover from 65 as 355’s were pretty low volume sellers. No rules.

I try very hard to find consistency when discussing Gibsons from the so-called “Golden Era”. Certain rules and features seem to apply most of the time…PAFs until 62, then mixed PAFs and patents from 62-64, wide nut until mid 65, stop tails until early 65 and a whole lot of other features that follow a fairly predictable timeline. Except when they don’t.

One of the most desirable features of 58- early 65 ES models is the wide nut. We call it 1 11/16″ but it varies from just over 1 5/8″ to just over 1 11/16″ but all of them are wider than the 1 9/16″ nut that was introduced in mid 65 and has rendered mid 65’s to 1981 models less desirable to many players and that’s a really big deal. Imagine if 68’s had the wide nut (it’s a common misconception that they do). They would be the most desirable year post 64 for sure. Yes, 68’s had the trapeze and often had t-tops but those things can be changed. But you can’t make a narrow neck into a wide one without some very expensive (and invasive) surgery. Then a rule breaker shows up.

It is pretty commonly known that models like Byrdlands, L-5’s, Kessels and 355’s sold in fairly low numbers. Even with the low volume, they would generally make a “rack” of the same model (usually 35 guitars) all at once and then sit on the unfinished guitars until they had an order to fill. That’s why you sometimes see patent number pickups in a 61 guitar or some other earlier feature in a guitar with a later serial number. The guitars were simply built in one year and sold in the next year (or later). That’s how we end up with 1960 guitars with 1958 factory order numbers for example. But there are no FON’s after 61, so we have only the features to go by when we are trying to figure out what year the guitar was built (or at least started).

I recently purchased a 1966 ES-355 with a wide nut-just under 1 11/16″. It is the second 66 ES-355 I’ve encountered with that feature. That probably means that the guitar was built in early 65 (or at least the neck was carved then) and sat somewhere until an order came in some time in 66. I’m sure that a bunch of narrow nut 355’s went out in 65 and early 66 because I’ve seen plenty of them. So why did this one sit? Maybe it had a small flaw or maybe it was at the back of the pile and more newly made ones were headed out the door first. Without a time machine, it’s hard to know. The larger point is that all the rules I write about get broken time and time again and it isn’t always possible to come up with a reason. You could easily ask “was it re-necked later with a custom ordered neck?” Or maybe it was simply a custom order that specified a particular nut width. I know it wasn’t re-necked (it’s pretty easy to tell) but I suppose it could have been a custom order. Again, where did I leave the keys to the time machine.

I’ve had a similar experience with another 66. This was a 345 with honest to god Mickey Mouse ears. Left over early 60’s body? Maybe. Probably. The rule is that MM ears were gone by late 63 when they redid the jigs for making ES 335, 345 and 355 bodies. But this 345 and at least two others I’ve seen made their way out the door in 1966. So, no rule is a hard and fast rule and no feature is 100% consistent over the era of 1958 to 1969. After 1969, you’re on your own-I just don’t see enough of them to know much. Let me know if you have an oddball like these. It gives me something to write about.

A 66 should not have Mickey Mouse ear cutaways. And yet, this one does and at least two others I’ve seen do as well. There is a fair amount of inconsistency in the shape of the cutaways from 66 to 67 (pointy ear, “fox ear”, etc) but Mickeys? No. Great player too, by the way, although I’m sure it had nothing to do with the ears. If I recall, this one had early patent numbers which might have had something to do with it.

Pandemic Buying

Wednesday, June 24th, 2020

Pandemic shmandemic. High end is selling. The low end is selling and in between is selling. This 60 burst went to Texas not too long ago. I’ve got another if you’re looking.

I thought that the pandemic was going to affect he vintage guitar market and I was right. But I thought the market would slow down and I was wrong. It hasn’t. I thought it might tank but I was afraid to say that (not that I have the clout to tank the guitar market-I don’t). What I didn’t think would happen was that folks would be buying guitars like there was no tomorrow (and maybe there is no tomorrow which would explain it). I am selling nearly twice as many guitars now as I was selling before the pandemic and social distancing began. I can’t say with any certainty why this is happening but I can certainly tell you what I see and what I think might be going on.

First, it’s everywhere, not just the USA. In the past two months I’ve sold guitars to folks in Taiwan, Ireland, England, Israel, Japan and Canada. So, what is selling? Well, everything. High end stuff is selling. Player grade stuff is selling, stuff I’ve had in my shop for two years or more is selling. Guitars that aren’t terribly popular are selling. I sold a Guild Thunderbird, an Epiphone Wilshire, an ES-175, a J-160E, a Gretsch 6120 along with the usual assortment of 335’s and 345’s ad 355’s. I even sold my personal Partscaster which I hardly ever played. But the usual high end stuff is selling too-a couple of 59 ES-345’s, a refinished 60 burst, a 58 335 and a 59 335. Tweed amps are going. Two Bassmans, a Super and a Deluxe since this thing began. I lowered some prices in anticipation of a weakened market but it hasn’t happened. Anybody know why?

I have theories. The most obvious is sheer boredom. Staying home, especially if you live in an apartment (which I don’t) must be suffocating. Nothing brightens up a dull existence like a “new” guitar. I get at least a hundred a year and it still feels like Christmas morning every time one arrives. Of course, you’re going to drive your family up the wall if you’re using all that spare time to practice your scales and learn some new licks and aren’t you all ready to kill each other as it is? No? OK. But there’s a limit to how much boredom can drive the market. You need money to feed the vintage habit and with so many folks out of work, you might think this is a bad time to be buying and selling guitars. Apparently not. That leads me to another theory. It’s the “I might die tomorrow, so I should get the things that will really make me happy now” theory. I like this theory because it transcends money and boredom. It also has no end. Just because a 59 335 makes you happy today doesn’t mean a 54 Telecaster won’t make you even happier tomorrow. And then there’s always the day after tomorrow to think about. Or maybe you just want to park your money somewhere other than the stock market. Let’s consider that.

The stock market has taken a hit and it is coming back strongly but with the long term economic effects of the pandemic still in the theoretical realm, who knows how long any perceived recovery is going to last. How long before the airline, entertainment, hospitality and restaurant industries will get back to something approaching normal? Opening states too early is showing some bad, bad results. See you in September? I think not. This thing is here until they can vaccinate about a zillion people. So, where do you put your money once you’ve lost faith in the stock market? Gold is way up so you’ve probably missed the boat on that one. Vintage automobiles? There’s no place to go (there’s a pandemic going on or haven’t you noticed?) and looking at your 54 MG in the garage has a limited appeal. Vintage guitars? At least you can sit and play your vintage guitar while it appreciates (or not) even if the wife and kids are ready to kill you for spending hours on end trying to be Jimmy Page in that little shoe box of an apartment you’re stuck in. How about real estate? Get a house with an outbuilding so you can play your guitar without raising the homicide rate in your town. Yeah. That’s the ticket.

Amps are flying out the door as well. I started this pandemic with 7 tweed Bassmans. I’m down to 5 (woe is me).

Fun Guitars that aren’t 335’s

Wednesday, May 6th, 2020

One of the (few) upsides to Covid-19 is that I have more time to play the guitars that I have in my possession. As a dealer, I have a pretty broad selection and during the old days (pre Covid), I didn’t play them all that much because I was too busy. I played my ’59 345 and one of the 12 strings (Ricky 660 or Breedlove Classic 12). But here at OK Guitars, there are a fair number of cool guitars that, until now, I haven’t played much. Here’s a sampling:

One of my favorites is the Epiphone Wilshire with P90’s. They only made a few hundred of them from late 60-63, so they are rare. This one is sold but I have another.

What I like so much about the Wilshire is the configuration of two P90’s and a stoptail/ABR-1. Gibson made these guitars in Kalamazoo on the same assembly line as the SG’s of the day. But an SG Special has a wrap tail. In fact, the only P90 Gibson with an ABR-1 other than the Wilshire is a Les Paul (55-57 and 68 and later). So, in the early 60’s this was it. Light weight, loud and nasty (and rare). These are a true sleeper in the vintage market. You can still find them in the $4K-$8K range but look out for changed bridge and tailpiece. Those two items are worth $2000 or more alone. Folks have started scavenging these guitars for parts.

Another rare one. This is a Rickenbacker Susanna Hoffs model. This guitar has monster pickups. The two single coils are as hot as a Mosrite at 12K ohms. The humbucker at the bridge is pretty nice too.

I think the Ricky 325/350 series are pretty cool little guitars. The Lennon connection has always been a factor, being a huge Beatles fan/aficionado. But the 325/350 is a little dull to play. It’s a decent rhythm guitar but it falls short when you want to step out front and wail. Enter the Susanna Hoffs model. Even cooler looking than the Lennon with the checkerboard bindings, the SH comes alive when you plug it in. It’s aggressive in any position and will send your amp into overdrive with a twist of the volume knob. And why is that? How about single coils at 12K? The humbucker at the bridge is pretty hot as well. Yeah, the middle pickup gets in the way for some but there’s enough room to work around it. My only complaint about the Hoffs is the nut width. It’s pretty thin at around 1 9/16″. I have short stubby fingers and I kind of fall all over myself playing narrow fingerboards at the first few frets. It weighs almost nothing and, while it’s a little pricey due to the fact they only made 250 of them, the SH is a fun diversion that couldn’t be more different than what I’m used to playing.

Bet you didn’t expect this. When I was 17, I fell in love with the looks of the Ventures Mosrite and bought one. The nut was so narrow and the frets were so small that I had to change my playing style to accommodate it. But I sure looked cool playing it.

From around 1969 until 1974, I played a Mosrite Ventures Model. It was a 65 and I put a patent number humbucker in the neck and it sounded pretty great. It was not the easiest guitar to play but it sure looked good on stage (I was still gigging until 1973). The pickups in a Mosrite are way overwound (10K-12K) and these bad boys will overdrive your amp to distraction. The frets are tiny (not so great for string bends), the nut is really narrow, they don’t stay in tune very well if you hit the whammy too hard and the single tone knob can be a problem for some players, although the single volume can be a good thing, I think. With the German carve on top, it’s still one of the most distinctive and recognizable guitars of its era even though it’s essentially an upside down Strat. Not expensive unless you are after one of the early “sidejack” ones from 63.

What’s this? Some low volume Gibson solid body with humbuckers. Yes. It’s a burst. This 1960 has been in the house for a while and, even though I’m not a Les Paul guy, this guitar could turn me into one. It’s heavier than my 345 by a pound or so and the neck is a little thinner but it’s a wonderful guitar to play. It looks pretty good too even though the red seems to have disappeared from the finish.

The first time I ever saw a Les Paul was while watching one of the mid 60’s after school programs-it was either “Shindig” or “Hullabaloo” or maybe “Where the Action is”. These programs ran from around 65 until 67 on network TV. The show that day featured the Lovin’ Spoonful and there was Zally with his Guild Thunderbird (also a fun guitar but I just sold mine) but Sebastian was playing a little solid body that I had never seen before. It looked really little and kind of funny (and it was black and white TV so the color and top weren’t much of a factor). Most folks first experience with a burst was Bloomfield, Clapton or Page but this was 1965 and those guys hadn’t really emerged to the mainstream yet with their LPs. I don’t think I have to describe what these sound like or play like. There is hardly a guitar on earth that has had more written about it. I have little to add other than they seem kind of pricey compared to a good vintage 335. Or maybe the vintage 335’s are undervalued. Hmm.

To Tank or not to Tank

Friday, April 24th, 2020

This photo is not totally relevant to the content but it’s such a cool picture, I thought I would show it again. I don’t think the guitars in this photo will go down in value.

Every year, in January, I write a year end post giving you my take on the market over the past year. Telling you where the market has been is easy. telling you where it’s going is something I’ve avoided and with good reason. Nobody can predict the future. If I had a crystal ball, I’d probably be living on a beach on my private island somewhere warm. I do not. So, in these difficult times, why would I go out on a limb and predict where the vintage guitar market is going? Because you asked. I’ve had a lot of emails and phone calls over the past month or so and that seems to be the compelling question. The economy is on hold. Is the market going to tank? I never took an economics course. I never took a business course. I don’t know Keynes from Fibonacci. I’m going to hypothesize based on what I do for a living.

I don’t know. That’s the simple answer, so take everything that follows as simple logic from the inside. I’m selling a lot of guitars. I dropped some prices-not so much because I think the market is in trouble but because I have no room for the gear. I moved out of my shop last month because my lease wasn’t renewed and I have to put my inventory somewhere. I will say that the current social distancing and the resultant diminished economy is going to be with us for a while yet. I don’t expect to open a new retail space for months going forward. But most of my business has always been online and that appears pretty healthy.

There are at least two important factors driving the current guitar market. One, folks are stuck at home with nothing to do and, for the guitar obsessed (like me), searching the internet for a “new” guitar is a fun, time consuming activity. (So are jigsaw puzzles but c’mon, what would you rather get delivered to your house?) Two, a lot of folks are out of work but even with that, the unemployment rate is “only” at 10%. Not a good recipe for a robust market but not lethal blow either. There will be folks who have to sell one or more of their guitars in order to meet their financial obligations (and to eat). But, I think that, in general, these aren’t the folks who were buying vintage and collector grade stuff in the first place. I believe the collector grade guitars will remain strong but will likely level off somewhat during the next few months. There will likely be some guitars hitting the market put there by sellers who really need to generate some cash. But they won’t list them at bargain basement prices. That’s human nature. This market is not one to tank over night. Look at 2008.

2008 is not the same as now; in many ways, it was worse. Yes, unemployment is worse now but long term prospects are better. But even as the economy tanked, the stock market sank and the housing market sagged, the guitar market held on for quite a few months before it started a relatively slow decline. That decline lasted a very long time and eventually took as much as 40% off the market but in 2008, that market was a bubble. The market today is the result of a slow, steady rise that, in many cases, still hasn’t reached 2008 levels.

I could go on for pages but I think I’ll just lay out my thoughts. The player market will, I think, drop. Possibly significantly. The high end market will level off. Because so many guitars are currently priced way ahead of the market (read as “overpriced”), the folks who need to sell will eventually cut prices probably down to where they should be. The one great truth in this business is that everybody (yes, everybody) thinks their guitar is worth more than it is. Does sitting on the market for months or even years deter those sellers? Nope. Not until they need to sell (for any reason-not just starvation).

So, if my opinion means anything, don’t worry about your guitars. Play them. If you’re in the market to buy, make offers that are fair and reasonable. If I’m wrong and the market tanks, you can tell me I’m an idiot but go back to paragraph two. Sentence one. That tells you everything you need to know.

This is our dog, Zoubi. She doesn’t know there’s a pandemic out there. She just knows I’m home all the time and that means more treats for doggies.

Things to Do (During a Pandemic)

Monday, April 6th, 2020

Watch some old episodes of “Shindig” or “Hullabaloo” from the mid 60’s. Why aren’t the Hermits’ guitars plugged in? Because there aren’t any amps…it was all lip synched).

Well, this is week number 4 that I’ve been conscientiously social distancing. A few trips to my shop to finish clearing out before my lease expires at the end of the month and one big trip to the local Stop and Shop for groceries and that’s about the extent of my travels. Binge watched “Ozark” and “Unorthodox” and am working on the Aussie quasi soap opera “A Place Called Home”. Oh, and there are guitars here. What to do.

Play. Just sit down and don’t just noodle the stuff you always play. Go to You Tube and learn a new song. Download some blues jams and try to break out of your old habits (I really need to do this). Or just practice your scales and picking. Learn to finger pick if you don’t already do it. Learn alternate tunings (which I’ve never really done other than drop D). For me, I’ve never been able to master any Steely Dan, so I’m going to try to learn a few of my old favorites. My up/down picking can always use a little more practice (I’ve got 55 years of bad habits-I only took lessons for 6 months when I was 11). You a blues player? Play some Bluegrass. A rocker? Learn some country licks. Put aside some time every day to play. I’m lucky to have a space where I can play and not wake anybody up. Play loud-just for fun. If you play sitting down, stand up. If you play standing, sit down. Mix it up. Play along with a favorite song and imagine you’re a rock star. You know you want to-even old guys like me never lose the dream.

Social Media. Post some of your favorite guitars on social media. Sharing your gear with others is a good way to make some new friends. OK, there’s a few douchebags out there who will tell you that your 66 is really a 69 or that the neck pickup looks like a t-top but mostly, everybody is nice. Go to You Tube and look for old footage of your favorite band from your favorite decade. I spent a couple hours watching old “Shindig”, “Hullabaloo” and “Where the Action Is” episodes. For anybody under 60, those were after school American Bandstand type programming with go-go dancers and big pop stars mostly lip synching their hits in black and white (man, I feel old). They aired from around mid 64 until late 66 or early 67. Watch some music documentaries. Ron Howard’s “Eight Days a Week” is wonderful. “The Wrecking Crew” is worth watching as well and there are lots of others.

Maintenance. Change your strings for crying out loud. What’s it been, six months? A year? And oil the fingerboard while you’re at it. Your guitar will thank you. Lube the tuners-nobody ever does this and spray the pots with some De-ox-it. How about you go and clean some of the gunk off your guitars as well. If you’re a gigging musician, you aren’t gigging at the moment and you’ve sweated all over your guitar for long enough. Virtuoso Cleaner is a good product. I’m sure you can order it online. Just let the box sit in the garage for a day or two or open it with your gloves on. This virus knows where you live and will wait you out.

Finally, go and buy yourself a “new” guitar or amp. You know it and I know that nothing makes you feel better than a new piece of gear. I’ve sold an astonishing number of vintage guitars and amps in the last few weeks and while everyone seems to be crying gloom and doom for the vintage market, some folks are taking advantage of that by making offers and getting some deals. A new amp will make you happy and not cost you an arm and probably both legs. I just bought a 70 Marshall JMP 50 because my 55 Twin wasn’t loud enough. Can’t afford vintage? I also bought a 3 Monkeys “Virgil” (best boutique amp out there). Or get an old Supro. A few hundred bucks for a whole new experience.

There’s lots to do at home. Just stay there until this is over. Somebody’s life depends on it. Maybe even yours.

Bored after a few weeks of social distancing? Buy yourself some “new” gear. Here’s a 69 335 in factory black. It will make you feel much better about being cooped up in your tiny apartment or your manor house.