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compasspnt

Diamond Forever

Posts: 21,180 Member Since: 08/01/2011

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Mar 25 17 8:07 PM

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(Also posted in the Gift Shop)

I have decided to finally sell my beautiful and beloved 1956 Strat. (I had always planned that it would be my son's college education, but was fortunate enough not to need it for that back when he went.)

All original, all parts, including original tweed case.

The guitar has obviously been played…it's not in "brand new" condition. But then, it is sixty-one years old.

It has been on many many recordings, a number of which are quite well known. People who have played this instrument include Jimmy Page, Joe Walsh, Billy Gibbons, Stevie Ray and Jimmie Vaughn, Carl Perkins, Lonnie Mack, Paul Burlison, and many more.

Before stating an asking price, I will see what you people think, and where the market is now. I do know that I was offered somewhat over the six figure mark about 16 years ago…but we shall see in today's world.

Naturally I later plan on Reverb.com, perhaps Ebay, and/or one of my friends who market such instruments, but I want anyone from PRW to have the first chance at it.

Thanks!


39d1db670c9c4279bcbc9b1e4b24b9e3_r.jpg


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zmix

Aqua Marine

Posts: 4,066 Member Since:20/01/2011

#2 [url]

Mar 25 17 8:30 PM

Wow...

I'm working with an artist at the moment who's  in his home country asking me which of his guitars to bring to NY, his 1956 strat or 1965 335.. and here you go poking at the zeitgeist like that....!!

pals%2056%20strat%20IMG_7600.JPG

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soapfoot

Ruby Baby

Posts: 7,321 Member Since:04/02/2011

#3 [url]

Mar 26 17 1:30 AM

Good luck, Terry.

Would that I had the scratch to afford it. If I sold my refinished '58 I could make a dent, but... probably not get there.

brad allen williams

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silvertone

Aqua Marine

Posts: 2,738 Member Since:26/01/2011

#5 [url]

Mar 26 17 6:35 AM

Wow, very nice Terry. Only two years after the start of those bad boys, sweet.

I have a good friend who is a collector/player/seller that I will ask. If he doesn't want it he might know someone. Small world as I know he has sold Bonomasa several guitars over the years.

Last Edited By: silvertone Mar 26 17 6:53 AM. Edited 2 times.

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tb av

Platinum Blonde

Posts: 1,154 Member Since:24/04/2011

#6 [url]

Mar 26 17 10:27 AM

"It has been on many many recordings, a number of which are quite well known. People who have played this instrument include Jimmy Page, Joe Walsh, Billy Gibbons, Stevie Ray and Jimmie Vaughn, Carl Perkins, Lonnie Mack, Paul Burlison, and many more. Before stating an asking price, I will see what you people think, and where the market is now. I do know that I was offered somewhat over the six figure mark about 16 years ago…but we shall see in today's world."

Terry, have you ever thought about putting together a history of that guitar. Maybe a glossy book, dvd with songs or footage, some notorized letters maybe from various people that had hands on it. As a guitar, from what I see, that's a lot of money with respect to previous offer. As a documented part of history though, you get into having a museum piece. Also you could sell the glossy book and dvd to anyone.

No idea why you are selling but if it's just becasuue the time feels right and not that you really need to. Why not invest in it. Seems like it might be one of the few documentable guitars out there with a lot of history that could be turned into something much larger than simply selling a guitar.

On the other hand... I'll trade you an ARP 2601 that no one famous has played so you could start fresh again. I know how found of those you are. Think of it as a priceless second life journey.

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chance

Aqua Marine

Posts: 2,665 Member Since:30/01/2011

#7 [url]

Mar 26 17 1:23 PM

Some time ago Vic Flick sold his strat on Pawn Stars and he had documented a track record of every song that was recorded with that guitar. If I am not wrong, I think it went for $75K to Pawn Stars which means PS had to make a profit when they sold it

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extrememixing

Platinum Blonde

Posts: 2,319 Member Since:02/02/2011

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Mar 26 17 1:50 PM

It says online that Pawn Stars bought the guitar for $55K. It sold later at auction on Julien's Live for $25K, so someone took a bath. Timing is everything on these things. If Terry can get $100K, then it's a good time to sell. For less, I'd keep the guitar until the time is right. I got $8K for my 58. It had original pickups and pots, but the rest of the guitar had been heavily modified. Refinished, ebony inlay on the sides of the maple fretboard, etc. I just decided that I could get more than I thought it was worth. So I sold it and bought 4 other guitars and put the rest in the stock market, where investments should go. That money has more than doubled.

Steve

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berolzheimer

Aqua Marine

Posts: 2,871 Member Since:29/01/2011

#9 [url]

Mar 26 17 1:53 PM

extrememixing wrote:
Reach out to Joe Bonamasa. He loves the nice old ones.

Steve

Funny, I had the same thought, both of us having heard Terry Reid's story about the Tele that J.J. was playing last night.

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extrememixing

Platinum Blonde

Posts: 2,319 Member Since:02/02/2011

#11 [url]

Mar 26 17 11:56 PM

berolzheimer wrote:
extrememixing wrote:
Reach out to Joe Bonamasa. He loves the nice old ones.

Steve

Funny, I had the same thought, both of us having heard Terry Reid's story about the Tele that J.J. was playing last night.
That is exactly right!  I could probably get a hold of him, it you're interested, Terry.


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compasspnt

Diamond Forever

Posts: 21,180 Member Since:08/01/2011

#12 [url]

Mar 27 17 8:36 AM

extrememixing wrote:
berolzheimer wrote:
extrememixing wrote:
Reach out to Joe Bonamasa. He loves the nice old ones.

Steve

Funny, I had the same thought, both of us having heard Terry Reid's story about the Tele that J.J. was playing last night.
That is exactly right!  I could probably get a hold of him, it you're interested, Terry.


Thanks, that would be great.



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silvertone

Aqua Marine

Posts: 2,738 Member Since:26/01/2011

#13 [url]

Mar 27 17 6:46 PM

Talking with my friend Tommy Murphy he said because of the lineage and especially since you can prove the lineage, it would be best to auction this off. He said selling it outright the way the market is now and with no lineage you'd be looking between 20 to 25k, sold with the history, 35 to maybe 40k but at auction he said he thinks it could go for upwards of six figures. Just some food for thought.

You might want to talk to Sotheby's...

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extrememixing

Platinum Blonde

Posts: 2,319 Member Since:02/02/2011

#14 [url]

Mar 27 17 8:10 PM

Whatever you do, DON'T CHANGE THE STRINGS!! Or say you didn't. Sounds like that mojo is valuable. Hope you get what you're looking for out of the guitar.

Steve

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waltzmastering

Platinum Blonde

Posts: 1,638 Member Since:02/02/2011

#15 [url]

Mar 27 17 8:10 PM

Also was thinking it might be good to contact
Rudy from Rudy's Music in NY, who might be able to help broker a deal as well.

Last time I was down there, I remember he was on his way out
the door to sell a 57' for 120K, but that was 10 years ago,
and as mentioned, the market has slid since then.
A broker or auction will take a percentage, but could be worth it.

Also think the prominence will have much added value to the guitar.

I found some basic tech info on the 56
http://www.guitarhq.com/56strat.html

gl

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tb av

Platinum Blonde

Posts: 1,154 Member Since:24/04/2011

#16 [url]

Mar 28 17 8:55 AM

silvertone wrote:
Talking with my friend Tommy Murphy he said because of the lineage and especially since you can prove the lineage, it would be best to auction this off. He said selling it outright the way the market is now and with no lineage you'd be looking between 20 to 25k, sold with the history, 35 to maybe 40k but at auction he said he thinks it could go for upwards of six figures. Just some food for thought.

You might want to talk to Sotheby's...


I would think an auction would bring less than an open market offering. Since an auction has a smaller buyer pool.

I would call Guitar Afionado and see if they wanted to do a story on it..... which they may or may not. If not, take out an ad in the magazine. Same for Vintage Guitar.  Then after the word gets out, offer it up for sale. I would think with good advertising you could get near $75K and if someone really wants it maybe it would break six figures. 

Call Kevin Bacon or John McEnroe. They are both loaded and play guitars.

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silvertone

Aqua Marine

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#17 [url]

Mar 28 17 9:31 AM

Auctions done at the most reputable auction houses will typically bring more. Besides Terry would set the minimum price he's willing to take. Anyway Terry probably knows all this or has been advised by now I would imagine.

Best,
Larry

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zmix

Aqua Marine

Posts: 4,066 Member Since:20/01/2011

#19 [url]

Mar 28 17 6:56 PM

tb av wrote:
silvertone wrote:
Talking with my friend Tommy Murphy he said because of the lineage and especially since you can prove the lineage, it would be best to auction this off. He said selling it outright the way the market is now and with no lineage you'd be looking between 20 to 25k, sold with the history, 35 to maybe 40k but at auction he said he thinks it could go for upwards of six figures. Just some food for thought.

You might want to talk to Sotheby's...


I would think an auction would bring less than an open market offering. Since an auction has a smaller buyer pool.

I would call Guitar Afionado and see if they wanted to do a story on it..... which they may or may not. If not, take out an ad in the magazine. Same for Vintage Guitar.  Then after the word gets out, offer it up for sale. I would think with good advertising you could get near $75K and if someone really wants it maybe it would break six figures. 

Call Kevin Bacon or John McEnroe. They are both loaded and play guitars.

McEnroe plays lefty...

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