Richard Jernigan -> RE: Manuel Rodriguez (Apr. 26 2010 13:07:01)
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quote:
Try 25 to $30,000 Well, that's certainly more than $15,000! I haven't tried to buy or sell a collector's item guitar during the current economic down turn. I shipped via UPS a mint '82 Arcangel Fernandez blanca and a '73 Romanillos from Hawaii to Texas last January, when I moved from a tiny island in the Central Pacific back to Austin. For insurance purposes I asked the guy who appraised them when I bought them ten years ago what he thought they were worth. He opined that if I tried to sell them last January I wouldn't get much more than I paid for them. So high priced guitars actually went down in value with the recession just like almost everything else, including the US dollar. As you know, the asking price is not necessarily what ends up being paid. The appraiser is a well known luthier and former professional flamenco guitarist whose business is in Chicago--that pretty well identifies him. If I ever got into a lawsuit over a guitar, he's the guy I'd want to testify for me. I also shipped a '67 Ramirez 1a blanca and a '91 spruce/Brazilian Contreras doble tapa via UPS, and an Arturo Huipe cedar/cocobolo via US Mail. The appraiser told me some interesting info about shipping guitars. He said the shippers, UPS, FedEx, DHL, etc. will charge you the usual fees to insure a guitar for shipment. But if you file a claim they will say, "Oops, sorry. We don't insure custom made musical instruments, or fragile objects like guitars. It was a mistake to insure your guitar. Here's your money back." But if no claim is filed, and you try to get your money back, they refuse. On another forum a well known luthier responded that he had taken one of the shippers to small claims court and gotten paid for a damaged instrument. But that was more than two years ago. The Chicago guy assures me that his info is current. Another instance of the SOBs taking over the world. The Chicago luthier/dealer/appraiser must ship at least a couple dozen guitars per year, probably more. RNJ
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