You have less than 30 days to snap up this Loar at Carters in time for its 100th Birthday!
Obviously NFI.
You have less than 30 days to snap up this Loar at Carters in time for its 100th Birthday!
Obviously NFI.
"It's comparable to playing a cheese slicer."
--M. Stillion
"Bargain instruments are no bargains if you can't play them"
--J. Garber
Interesting that there are two others priced at around $130k and this one is $175k. Any reason? Maybe consigner insisted on that price, paid that much for it and didn’t want to lose money? Or ami missing something?
Jim
My Stream on Soundcloud
19th Century Tunes
Playing lately:
1924 Gibson A4 - 2018 Campanella A-5 - 2007 Brentrup A4C - 1915 Frank Merwin Ashley violin - Huss & Dalton DS - 1923 Gibson A2 black snakehead - '83 Flatiron A5-2 - 1939 Gibson L-00 - 1936 Epiphone Deluxe - 1928 Gibson L-5 - ca. 1890s Fairbanks Senator Banjo - ca. 1923 Vega Style M tenor banjo - ca. 1920 Weymann Style 25 Mandolin-Banjo - National RM-1
You don´t miss anything Jim.
Asking prices are definetely not necessarily purchase prices. As I see it, many of the Lloyd Loar mandolins sit for a long time until they sell. And the prices are obviously negotiable. If I am not mistaken the CJ Lewandowsky Lloyd Loar from Greece was especially inexpensive... (for such an instrument).
The Joe Val Loar has been sold recently. How do I know? The former owner (of 36 years) has posted a wanted ad for a Gibson DMM on umgf.com (there is also the sale ad on umgf.com). He and I have crossed paths in the past when he generously let me play this great Feb. 26th 1923 Loar #72207. He had it for sale about ten years back for about 250.000,- USD. It was for sale since 2020. So it took at least two years until it sold if you discount the first effort to sell it. I do not remember the asking price (though I believe it was 140.000,- USD), nor do I know the sales price.
Olaf
What I was asking was why that one was asking priced at $175 and the others $135. Was there something special about that one or was the owner/consigned just insistent to aim for that price. I guess if I really want to know I would call Carter’s and ask them which of the three is the best. There is not much in the description on their web site to indicate anything. Sounds like the other two… $40,000 more for a Virzi?
Signed by Lloyd Loar on Feb. 8, 1923. Wonderful in looks as well as in sound, with a Virzi. In its original case.
Jim
My Stream on Soundcloud
19th Century Tunes
Playing lately:
1924 Gibson A4 - 2018 Campanella A-5 - 2007 Brentrup A4C - 1915 Frank Merwin Ashley violin - Huss & Dalton DS - 1923 Gibson A2 black snakehead - '83 Flatiron A5-2 - 1939 Gibson L-00 - 1936 Epiphone Deluxe - 1928 Gibson L-5 - ca. 1890s Fairbanks Senator Banjo - ca. 1923 Vega Style M tenor banjo - ca. 1920 Weymann Style 25 Mandolin-Banjo - National RM-1
You are completely right. I was/am wondering about the same thing. What drives the price? And let me tell you, I have no answer. That is why I gave the example of the Joe Val Loar which was (in the end) priced lower than the Loar at Carter´s.
I do not think that the Virzi is a necessary contributing factor to the price. It may have been at one time (like: "Bill Monroe didn´t have one, Mike Marshal took his one out, John Monteleone called it a tone reducer, therefore it ain´t no part of nothing"). I think that there may have been little adjustments in perspective since then.
Olaf
I think the prices on these are all over the place, in general. Although some are being sold out of estates and the asking prices are being driven by whatever appraisal was given to the executor. Unfortunately, sometimes those numbers are rather inflated.
"your posts ... very VERY opinionated ...basing your opinion/recommendations ... pot calling ...kettle... black...sarcasm...comment ...unwarranted...unnecessary...."
Maybe they hope someone will feel like they got a steal at $130k if they start at $175k.
I'm just fascinated with the difference in finish color from what I would call orange to brown (over simplifying the beauty obviously).
Drew
2020 Northfield 4th Gen F5
2022 Northfield NFS-F5E
2019 Northfield Flat Top Octave
2021 Gold Tone Mando Cello
https://www.instagram.com/pilotdrew85
I don't understand this market. In a "normal" world when something doesn't sell in 2 years it means it is overpriced. It seems to me the market is being held artificially high to "protect" the concept of a blue chip investment. Obviously, none of these consignors are motivated sellers and willing to wait it out.
Reminds me of real estate, in that homes in such and such neighborhood go for this amount and will not be sold for less.
The actual $$$ getting into the owner's hands is far less. From that $130k, take 25% off for the dealer commission, then take another 25% of what is left for the banks, credit card companies, and the IRS and it seems like a deal....
True for the seller, but the buyer still pays for all of that....unless I'm missing the point? Hopefully the seller bought it years ago and still comes out OK...
FWIW, 30 years ago I worked at a vintage shop and remember selling a one-owner 1959 Les Paul standard for $37,500....I just checked Reverb for fun and they seem to be asking 10X that amount. (too bad I was making $6 an hour back then!)
Around 1983 I put a Floyd Rose in my friend's '59 Les Paul. It was "just" a beat up no figure 'burst and he paid an honest $1300 for it. I was playing a '57 goldtop that I overpaid for- $375! Around the same time I passed on a 1950s gullwing Mercedes for $4k....
"your posts ... very VERY opinionated ...basing your opinion/recommendations ... pot calling ...kettle... black...sarcasm...comment ...unwarranted...unnecessary...."
If y'all are paying a dealer a 25% fee to consign an expensive instrument, you're going to the wrong place.
Just an observation: The number of signed F-5's for sale on the open market has decreased by nearly 50% over the last year. The ones that had the lowest listed prices have all fallen off the market. Others have sold that were listed at higher prices.
Last edited by rcc56; Jan-11-2023 at 5:44pm.
For me, I passed on a 1959 Eldorado convertible for $1500, because I found a good running 1960 Coupe de Ville for $500 -- and the $1000 difference was a YEAR'S rent for me back then! 3 guys sharing $225 rent....my share $75. (not joking) Those were the days when working 3 days a week at a record store was actually a living wage!
My A4 had a pre centenary re fret in time for last year..
writing about music
is like dancing,
about architecture
Kevin finally sold it? I wonder if he got his price? I was in serious and prolonged negotiations with him for a while...I live in New England, knew Kevin from way back, and attended the Joe Val festival for many years...the idea of having Joe Val's mandolin was quite attractive to me on many levels! He insisted he would not accept less than $120k and I saw several selling for less...I ended up with a fine LL-signed F5 for quite a bit less. I wouldn't be surprised if he finally found a buyer who wanted it for the provenance and met his price. Good for Kevin, in any case!
too many strings
A source I trust and who also knows the Joe Val Loar told me who the new owner is. It’s a talented mandolin luthier. The price? I don’t know. The market is what it is. I hope that the former owner is doing well as the ad mentioned a motivation for selling the instrument that could be interpreted as health concerns.
Thanks Mike, can you float me some cash?
Bookmarks