23 Loar in the Classifieds

[Andrew B. Carlson]

Dave's Guitars in Wisconsin is asking $225k. With a back crack. Not the best deal on a Loar out there. That's 2010 pricing. Wish I still lived in MN across the river from em though.

[barry]

Dave's Guitars in Wisconsin is asking $225k. With a back crack. Not the best deal on a Loar out there. That's 2010 pricing. Wish I still lived in MN across the river from em though.

Back crack, front crack, and the crack they were smoking when they priced it.

[G. Fisher]

It's a court ordered sale for the owner that is in assisted living and the facility is looking for a big payday . The lawyer's have the price high not Dave's Guitars.

[G. Fisher]

To clarify a little more. It's the owners only asset of value to sell to pay the care facility.

[Timbofood]

Isn't there something we can do to help this person out a little? I'm unemployed but could send ten bucks to try to help a little.

[G. Fisher]

http://lacrossetribune.com/news/loca...9bb2963f4.html


This is the mandolin up for sale.

[Denny Gies]

You go Barry.

[FLATROCK HILL]

Isn't there something we can do to help this person out a little? I'm unemployed but could send ten bucks to try to help a little.

I'm with you Tim. If somebody were to set up an account to help the old gal out, I'd send another ten.

[barry]

You go Barry.

The backstory regarding the sale creates somewhat of a paradigm shift. My comment seems rather callouse when considering the seller's situation. For that, I apologize.
However, the Heritage representative in the article above, states that the market is closer to 150,000. That was in 2013. The market may have softened a bit more since then.

[Timbofood]

This seems to be one instrument want with some rather involved and strange history, stolen by a bat exterminator, returned, now offered for sale to help with assisted living expenses? That seems like there may be a lot more than meets the eye.

If there is genuine need for financial aid, how do we start the "kitty" Flatrock?

[Andrew B. Carlson]

Well my apologies for not knowing the stories. But wouldn't it be easier to ask a normal price to make the money needed?

[Jackgaryk]

lawyers, courts, assisted living, a Gibson loar? sounds like a John Grisham novel to me. I'm a little more than skeptical.

[G. Fisher]

My friend went to see the mandolin and he was also surprised at the asking price. When he mentioned that it seemed high considering the recent trend in Loar prices he was told the information behind the sale.

[eadg145]

Haven't we seen this mandolin before? I seem to remember the weird bat exterminator story from about a year ago, maybe longer.

In any case , I'm not buying it, and you can interpret that both ways.

[houseworker]

It's a court ordered sale for the owner that is in assisted living and the facility is looking for a big payday . The lawyer's have the price high not Dave's Guitars.

Wouldn't a court ordered sale be by auction?

[Timbofood]

Not so sure the facility can demand the high dollar on all the proceeds but, not a subject I know much about.

[nickster60]

It does reinforce the need to put your valuables in a trust.

[jim simpson]

Better call Saul!

[Bill Snyder]

This case was discussed briefly HERE in 2013.

[Jeff Mando]

Dave's Guitars is a well known dealer and has been in business for many years. I can't imagine them taking something on consignment if they didn't think it was worth close to the asking price. Of course, the owner would receive the proceeds minus Dave's commision, not sure what they would charge on something this rare.

When I worked at a vintage guitar shop, we had people all the time wanting to consign guitars for way more than what they were worth. We had to explain that there was no point in putting something up for sale for more than the going rate, unless it was extra special in some way--condition, ownership, etc. I remember one guy got argumentative and said, "just go ahead and price it for what I want, some tourist will buy it, anyway!"

OTOH, I guess you don't turn down the opportunity to broker a Loar, no matter what the price...