Of course, you do have to factor out the guy who HAS TO HAVE "that guitar" and the imbeciles who can't help but bid the prices up from $50 to $260 with 6 unchallenged bids over 24 hours, simply because they're stupid, but you get the idea. Given the consistency that I've been able to guess what these guitars will go for at auction, that formula seems pretty close to accurate. Using that as a guide, coupled with the repair I knew that guitar would need to be absolutely stable and reliable, the parts I had already available and without revealing what I actually paid for the guitar, I was comfortable with paying a high of $425 and won the auction below that maximum and just a few dollars above my target price again, about 1/3 less than the price I would have paid for an instrument that was not cracked.
#Gibson les paul neck joint crack crack#
The same seller has a black Standard with a repaired headstock hairline crack that he can't seem to sell for $1,200 Buy-It-Now, or even the sale price he lowers it to of $1,080 every two weeks. A very nice honeyburst Standard body just went on e-bay for $1,900 Buy-It-Now. Standards are no exception to this, by the way. Any significant defects and cracks generally brings the glossy instruments in from a low of $350 and in excellent shape they go for a high of around $600. Glossy finish Studios generally go for a few more dollars than the faded models, with the Wine Red going for more than other colors. Looking for a Studio to build myself and given what I'd seen them go for on e-bay in the recent past, my buying parameters were as follows: Faded LP Studios, regardless of color, were going for a low of $300+/- with repairable cracks as the low, up as high as $500 in tip-top shape. In fact, I'm the guy that bought jrfisher's red LP Studio that he posted pictures of here and elsewhere on the forum. Depending on the crack, probably about 1/3 of its price otherwise. As a buyer who plays guitars and doesn't "collect" them as much, I don't think it makes the guitar a waste case, but it certainly devalues the instrument. I'll chime in with my first post on the forum here.
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