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Gibson Style O 1903/04 value Cost to refinish versus value

#1 User is offline   Frances50 

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Posted 22 December 2016 - 09:32 AM

Hey guys: Not sure how many luthiers are here on the forum but I'm trying to get some information regarding the cost to fully restore a Gibson 1903/04 Style O guitar that needs extensive work. My main concern is the cost to purchase this guitar versus the cost to have it restored. I know these are rare but I think the initial cost of the guitar is a bit high. Has anyone else faced this issue when trying to decide to purchase?

I have two antique instruments but both were in restored condition when I purchased them and I considered them both good values.

Thanks
Frances
Frances


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#2 User is offline   jedzep 

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Posted 22 December 2016 - 10:23 AM

I can't afford to buy vintage in anything BUT 'fixer upper' shape, and certainly my advantage in having very affordable repair and restoration access works to my benefit, but having a guitar that's so old it would be in a museum and not necessarily valuable as a player would create a different paradigm. I think that only by bringing the restorer/luthier to the project before buying would be the best way to get a fix on the cost/value equation as it relates to your expectations. So-called 'extensive' restoration of a historical instrument will always devalue it significantly. I'd try and find a way to get photos to your restorer and get his/her estimate.

Prices on old high end brand guitars are pretty flat these days, so recouping/re-sale value versus joy of ownership is the bottom line.
I may not be good lookin', but at least I ain't got no money.
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#3 User is offline   OldCowboy 

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Posted 23 December 2016 - 04:24 AM

Yep. Not to mention the joy of playing the thing! My thought is that not all extensive restorations are created equal - some are more extensive than others. An opportunity to own and play a vintage guitar shouldn't necessarily be ignored just because getting it playable makes it less valuable than a pristine model of the same. My heart lies with what they can do and how they sound rather than potential down the road resale value.
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#4 User is offline   slimt 

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Posted 23 December 2016 - 01:59 PM

Post a picture... a old style 0 no more than a grand.. if its a paddle headstock with the moon and crest. it would be worth putting a couple grand into.. but it will be yours forever.. thats about the going rate on those..



anything needing to much is not a collectable piece unless it super rare. the 0s are not..
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#5 User is offline   Frances50 

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Posted 23 December 2016 - 06:44 PM

According to the agent for the seller, Ghrun's offered over $7,000.00.

Thanks.

Frances

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Frances


Gibson J-45 Custom Rosewood
Gibson Doves in Flight
Gibson Les Paul Standard Premium (Koa)
Gibson ES-335 Dot Figured Natural
Gibson ES-Les Paul Bass (Gold Top)
Taylor PS56ce 12-string acoustic
Taylor 916ce BRW
Fender American Stratocaster HSS
Olson 2012 SJ
Rainsong H-OM1000N2
Gibson 1916 A-4 mandolin
Martin 0-28 c.1870 acoustic
0

#6 User is offline   jedzep 

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Posted 23 December 2016 - 06:56 PM

Well, if that offer is on paper or could be corroborated at Gruhn's, you'd have your approx. value in it's present condition. Gruhn's luthiers would then restore 'on the clock', costing them much less for the restoration.
I may not be good lookin', but at least I ain't got no money.
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#7 User is offline   OldCowboy 

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Posted 23 December 2016 - 09:12 PM

Haven't seen one up close, personal, and on stage since the early 1970's. Wonderful for fingerpicking! They fetch healthy $ from all I've heard and read.
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#8 User is offline   Frances50 

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Posted 27 December 2016 - 07:57 PM

Any advice on a good luthier who could restore this guitar and give me a ball park estimate without having to physically inspect the guitar?

Thanks
Frances
Frances


Gibson J-45 Custom Rosewood
Gibson Doves in Flight
Gibson Les Paul Standard Premium (Koa)
Gibson ES-335 Dot Figured Natural
Gibson ES-Les Paul Bass (Gold Top)
Taylor PS56ce 12-string acoustic
Taylor 916ce BRW
Fender American Stratocaster HSS
Olson 2012 SJ
Rainsong H-OM1000N2
Gibson 1916 A-4 mandolin
Martin 0-28 c.1870 acoustic
0

#9 User is offline   slimt 

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Posted 27 December 2016 - 11:34 PM

View PostFrances50, on 23 December 2016 - 06:44 PM, said:

According to the agent for the seller, Ghrun's offered over $7,000.00.

Thanks.

Frances


Looks like its been painted.. overspray on the label.. I agree if the paper work is there stating Gruhn is stepping up to the plate and the seller has a signs document stating that.. it may be worth more.. but till then thats all I would pay if it was me.. there not cheap to repair.. whether its these or the scroll Style 0s. there a not braced carved top and back.. 100 years later its fragile..
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#10 User is offline   Frances50 

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Posted 05 March 2017 - 08:54 AM

View Postslimt, on 27 December 2016 - 11:34 PM, said:

Looks like its been painted.. overspray on the label.. I agree if the paper work is there stating Gruhn is stepping up to the plate and the seller has a signs document stating that.. it may be worth more.. but till then thats all I would pay if it was me.. there not cheap to repair.. whether its these or the scroll Style 0s. there a not braced carved top and back.. 100 years later its fragile..




Yeah, I passed on this one. Just too many variables involved and unknown costs......
Frances


Gibson J-45 Custom Rosewood
Gibson Doves in Flight
Gibson Les Paul Standard Premium (Koa)
Gibson ES-335 Dot Figured Natural
Gibson ES-Les Paul Bass (Gold Top)
Taylor PS56ce 12-string acoustic
Taylor 916ce BRW
Fender American Stratocaster HSS
Olson 2012 SJ
Rainsong H-OM1000N2
Gibson 1916 A-4 mandolin
Martin 0-28 c.1870 acoustic
0

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