Paul
Interestingly, I have found in conversations with a couple of the half-dozen or so steel players who regularly ask me if I'd like to sell my 65 wraparound (or find one for them), is that they are shocked when tell them what I would ask for the guitar should I decide to sell.
I explain that these are rare instruments, probably much fewer than 100 were built. I tell them what prices I know have been paid recently for similar instruments. I tell them what amounts the owners of these instruments have as their insured values. I also say that the figure is right at (and perhaps less than) what someone would pay for a top-line modern fancy steel guitar that was custom-made. And that the amount is definitely less than an Anapeg or an MSA Millenium. Still, they're shocked.
To make a market, a buyer and seller must agree on a value for the deal. For years, Bigsby steel guitars were just considered "old steels," and could be had reasonably. During the last decade, everyone decided that Bigsbys were serious collectibles and the prices skyrocketed and remain quite high. Bigsby steels are few in number, and they are not suitable for the majority of steel jobs today.
On the other hand, I believe there are
fewer wraparound Emmons guitars than there are Bigsby steels, AND they can perform on any steel guitar gig available today, since they are a modern steel guitar in every way except two: its hard to do a couple Paul Franklin changes, and split tuning is problematic.
So, theoretically, there should be MORE players seeking 64-65 Emmons guitars than seeking Bigsby guitars. And since there are fewer Emmons guitars than there are Bigsbys, the price for the Emmons should be HIGHER than what is being paid for Bigsbys, since there is potentially higher demand, right?
Demand, of course, is determined by utility of the product and the availability of substitutes. For the vast number of players, there are certainly many acceptable substitutes now for a 64-65 Emmons... basically any steel guitar made since that time! But those few players who decide that they ABSOLUTELY, POSITIVELY
MUST have a 64-65 Emmons, should be aware of the market conditions I believe exist.
And one maxim I always use when dealing with musical instruments is this: no deal HAS to go through. For either the buyer or the seller, if the deal HAS to go through, somebody's over the barrel.
There are things I've wanted for a long time, like a Lloyd Loar F-5 mandolin for example, that I will never have the desire necessary to pay the required bucks. And that's okay too. Ultimately, it's just a material possession.
Incidentally, no one on this thread so far is one of the fellas that I was talking about.
Nick
I'd want that guitar myself. IMHO, that's one of the coolest wraparounds that exists. I don't know how it sounds, though. Mike Cass is also restoring an
all original STEREO wraparound for the Emmons company. There were probably fewer than 12 "stereo's" built, both wraparounds and woodnecks and prototypes, and I know of at least four that were either destroyed or turned into non-stereo's. This one would also be an incredibly collectible guitar for me. Finally, the "Wagon": the horn Buddy used to cut Price's "Touch My Heart" version. This, as most of us know, he sold to Dickey Overby and ultimately became a wagon for a kid somewheres. However, if I ever found The Wagon, I'd fix it up... at least by putting on a new set of wheels and replacing the handle.
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Herb's Steel Guitar Pages
Texas Steel Guitar Association
<FONT SIZE=1 COLOR="#8e236b"><p align=CENTER>[This message was edited by Herb Steiner on 22 July 2002 at 01:05 PM.]</p></FONT><FONT SIZE=1 COLOR="#8e236b"><p align=CENTER>[This message was edited by Herb Steiner on 22 July 2002 at 01:12 PM.]</p></FONT>