In 1961 Fender started using a more robust red dye for their three color sunburst. Also the dark brown part of the sunburst around the edge of the body is slightly more black. Hence the sunburst finish on a 1961 Fender Strat is much bolder looking. Fender also felt the need to add patent numbers to the peghead during 1961. Still has the "slab" rosewood fingerboard, but the back neck shape is larger (and more comfortable in my opinion).

Serial number range for the 61 Fender Stratocaster are generally 55000 to 72000 (on the neck plate). If you need to figure out the exact year of your pre-CBS Fender Stratocaster, use the serial number and the general features of the guitar. The serial number is located on the back metal neck plate. See the Fender Serial Number Info web page for help determining the year.

1961 Fender Stratocaster guitar specs:
• Peghead decal logo now has 2 patent numbers (2,573,254 & 2,741,146)
• Neck backshape is a fatter "D" shape, but still not nearly as fat as 1958 and prior Stratocaster necks.
• Fender now using a more robust red in their sunburst finish. Hence 1961 and later Strats don't have sunburst finished with a faded out red.
• The dark "Amber brown" part of the sunburst finish is now changed to "black". Hence the dark part of the sunburst is more striking and does not blend as well as prior sunburst finishes. It is a subtle change.
• White "chicklet" paper tone capacitor changes to a red round disc capacitor with yellow insulting tubing on one leg of the cap.

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While celebrity collectibles have been a good investment for years, guitars themselves have largely been overlooked. However, the guitar was perfected between the 1930s and the 1960s, depending on the model, and instruments from this period are highly regarded. Some people think that in fifty to a hundred years, guitars from the mid 20th century will be thought of in the same way as violins and cellos from the 17th and 18th century.

The appeal of any guitar grows over time, and there hasn't yet been a period when the market sank. That makes a vintage guitar a great investment choice, as well as a visually and emotionally rewarding collectible. There's nothing like being able to say that you own the guitar once played by a legend.

Values only continue to go up, too. While a 1959 Fender Sunburst Stratocaster, one of the most famous types of guitar, originally cost about $250, it brought between eight and nine thousand dollars in 1997. Today, you might have to pay seventeen thousand for a model with a slab fingerboard.

Recent stock market unpredictability has meant that people are more interested in guitar collecting. These vintage instruments are a great type of protected investment. For collectors who want to cover all the bases, consider a varied collection - acoustic, electric, exotic, antique, vintage, contemporary and even custom guitars.

Over the past couple of years the vintage guitar market has taken a hit here and there but overall has proven to be a sound investment for most. The experts say that when inflation accelerates and the dollar shrinks collectibles prove to be a good place for your money.

People are starting to realize how much these instruments from the 50's 60's, and 70's really meant to our culture.

There is a very limited supply and there still seems to be a high demand for these pieces of history which has proved to be a good choice for those who have invested in these instruments, such as the Gibson Les Pauls' and Fender Telecasters and Stratocaster's from the same era. (50's, 60, and 70's).

A good place to start collecting vintage guitars as an investment would be to focus your research on obtaining guitars from the list below. This list includes that have been inducted into Vintage Guitar Magazine’s Hall of Fame. There are, of course, other lists and other guitars worth investing in, but this is certainly a great place to begin.

In the coming weeks, I will be featuring each of the exquisite instruments in detail. This information will prove useful in your search for vintage guitars that will provide a good return on your investment.

Gibson SG Standard

Inducted in 2009
By 1960, declining sales of the Les Paul model had Gibson looking to revamp the guitar. So the company gave it a radically redesigned, much thinner (and lighter!) body intended to better compete with Fender's Strat. But the things that made up its very heart and soul - especially its humbucking pickups - remained. Today, the early-'60s version is a true classic.

Gibson Les Paul Model (Goldtop)

Inducted in 2008
Les Paul tried for years to convince Gibson it needed a solidbody in its line. Finally, Ted McCarty brought a single-cut experiment guitar to Les for his approval. Though its origianl bridge/tailpiece was far from perfect, the instrument served as Gibson's test bed through the '50s. Eventually, it reached the pinnacle among guitars and today sits among the top collectibles.

Gibson J-45

Inducted in 2007
Martin's "dreadnought" flat-tops were big and dominated the guitar market of the 1930s. By the early '40s, Gibson knew it needed a big flat-top to compete, and he J-45 ("J" for Jumbo, "45" indicating its price in dollars) was it. A 16" round-shoulded flat-top, even in the tough times of its launch, it received a very warm welcome and has ever since remained one of - if not the - most popular Gibson guitars.

Fender Jaguar

Inducted in 2006
Jumping on the speeding Fender bandwagon in 1962, it helped the company stay on top throughout the decade, with its fancy new vibrato tailpiece, sophisticated electronics, and (usually) a funky custom color. If you played instrumental rock at the time, you either had one of these or you were probably ignored!

Gibson ES-5

Inducted in 2006
One of the first guitars built after Ted McCarty took charge of Gibson, it helped solidify the company's position as the world's preeminent electric archtop maker. Today, its late-'50s variant with three PAF humbuckers and Switchmaster tone control is one of the most collectible of its ilk.

National Tri-Cone series

Inducted in 2005
Its warm, sustaining tone emanates from three aluminum "resonators" designed to help guitarists stand out in big-band or orchestra settings. But, soon after being introduced, Nationals were adopted by Hawiian and blues players. Today, the Tri-Cone produces what many consider the ultimate acoustic blues tone.

PRS Custom

Inducted in 2004
The first production instrument from a company that has become the guitar's preeminent modern success story.

Gretsch White Falcon

Inducted in 2004
Like many great guitars, it has evolved through several versions. But it has been a classic since day one, for both it sound and utterly unique aesthetic.

The 1954-'56 Gibson Les Paul Custom

Inducted in 2003
Can you say "Black Beauty?" Though Gibson didn't give it the name, Les Paul himself chose black as the secondary color for the guitar bearing his moniker. Gibson did, however, use it to experiment with a three-pickup configuration and to introduce its famed Alnico-magnet pickup.

Fender Jazzmaster

Inducted in 2002
Designed and marketed by Leo to cut into Gibson's jazz market, it supplanted the Strat at the top of Fender's line in 1958. And though its sound kept it from catching on with jazzers, garage surf bands of the day ate it up. It is one of the most copied solidbody designs of all time.

Gibson SJ-200

Inducted in 2002
A landmark amongst acoustic flattops, the SJ-200 was designed for cowboy guitarist Ray Whitley, and any cowboy worth his salt played one. Its popularity carried over to other genres, and never faded. From its jumbo-sized, sunburst-finished body to its ultra-fancy pickguard, bridge, and headstock, it was considered the consummate flat-top. Just ask Emmylou!

Gibson ES-150

Inducted in 1999
Gibson's first electric Spanish guitar was also the first good-quality electric to hit the market. Favored by Charlie Christian, it housed Gibson's first pickup, which is still in high demand and considered a classic.

Martin D-45

Inducted in 1998
Originally the fanciest of Martin's innovative dreadnought line. If you had one of the 96 made in the 1930s and early '40s, your net worth would be considerably higher than it is now.

Rickenbacker 360/12

Inducted in 1997
It was good enough for George Harrison and gave us the "jingle jangle" of Roger McGuinn. That's more than enough for the 360/12 to be the only 12-string in the VG HoF.

Gibson Flying V

Inducted in 1996
One of the most distinct guitar designs ever created, but it wasn't a hit when it came out in 1958. Rock and rollers discovered it the late '60s and the V still makes a unique statement today.

Gretsch 6120

Inducted in 1996
If you play rockabilly, you better have one of these! Introduced as the Chet Atkins Hollowbody in '54, the 6120 soon shed the "G" brand and western inlays of the early versions, but never lost the Western Orange finish or the cool twang.

Fender Jazz Bass

Inducted in 1995
With its two specially designed pickups, offset waist, and slimmer, narrower neck, the Jazz Bass was intended to be the more tonally diverse, slicker-playing descendant of the Precision. The fact it was available in Fender custom colors (often with matching headstock) makes it all the more cool.

Gibson L-5

Inducted in 1994
Introduced in 1922 and with a design guided by the legendary Lloyd Loar, the L-5 was the first modern archtop guitar. Initially a non-cutaway acoustic, the L-5 went through many changes, ultimately becoming a single-cutaway with two humbuckers.

D'Angelico New Yorker

Inducted in 1993
George Gruhn said of it in the March 2000 issue of Vintage Guitar, "The New Yorker is significant due to its superb quality and aesthetic artistic appeal," and is "one of the finest guitars in the history of the instrument."

Gibson Super 400

Inducted in 1993
Introduced in 1934, with its 18" body and deluxe features, the Super 400 was the largest and most expensive guitar in the Gibson line. Its influence was soon apparent in the designs of many of the great archtops built by others. Whether the earlier non-cutaway acoustic version or the later double-pickup cutaway, it remains a true work of art.

Fender Precision Bass

Inducted in 1992
The first bass in the VG Hall, and why not, it only forever revolutionized how the bass was played. One of the most innovative ideas in modern music history.

Gibson ES-335

Inducted in 1992
Born during Gibson's "golden era," the semi-hollow body ES-335 wedded archtop looks with solidbody performance. Whether it has dot inlays or blocks, it remains one of the coolest designs in guitardom.

Martin D-28

Inducted in 1991
The first acoustic in the VG Hall, the D-28 launched Martin's line of incredible big and loud dreadnoughts in 1931. The D-28 has inspired many guitarists and builders, and remains one of Martin's most popular models.

Fender Telecaster

Inducted in 1991
Leo Fender's timeless classic is about as simple as an electric guitar can be, but still has the magic to appeal to guitarists playing just about any style of music. Every guitar player has a Telecaster (or should). Along with the Strat and Les Paul, the Tele is among the most popular designs around.

Fender Stratocaster

Inducted in 1990
The VG Hall of Fame was started in 1990 and we had little doubt the Strat would be among the first instruments selected for inclusion by our readers. Three single-coils, a vibrato (usually), and that great contoured, offset-double-cutaway body. Some 50 years after its introduction, it is still one of the most popular designs.

Gibson Les Paul Standard ('Burst)

Inducted in 1990
Also an easy first-year selection, LP Standard was introduced with a sunburst finish in 1958, and the '58 to'60 models are the most valuable vintage solidbody guitars. The Les Paul Standard is a classic no matter what finish it bears.

It has been nearly 40 years since he kissed the sky for good in September 1970, but in all that time Jimi Hendrix -- regarded by many fans and critics as the greatest guitarist who ever lived -- has never been off the radar of popular culture.

This anniversary year of his death in London at the age of 27 will mark a number of events commemorating the man and his music, some of them focused on Seattle, where he was born and raised, a city that has by turns accepted him and, according to some, held him at arm's length despite international multi-generational renown that continues to this day.

For Janie Hendrix, Jimi's stepsister and CEO of Seattle-based Experience Hendrix, the company that monitors the music and images central to Hendrix musical legacy, 2010 is shaping up to be a banner year for Hendrixiana.

"It's really about bringing this music to the generations and giving them that experience they wouldn't feel any other way, other than standing in front of the Marshall amps" that Jimi himself used onstage, she said.

A "new" album
"Valleys of Neptune," an album of Hendrix in concert and in the studio, was released March 9, 2010. The album, which includes unreleased studio material, live recordings and new arrangements of "Fire," "Stone Free" and the blistering blues-rock classic "Red House," was recorded in a turbulent period in Hendrix's life, as the guitarist made changes to the original lineup of his band, the Experience.

The three original Jimi Hendrix Experience studio albums -- "Are You Experienced?", "Axis: Bold as Love" and the epochal double album "Electric Ladyland" -- also got a makeover, with deluxe reissues in March. In mid-March, all four new Hendrix releases were among Billboard's top 100 albums, with "Valleys" entering the charts at no. 4.

"Valleys of Neptune"
For Patrick Smail, a product manager at Seattle's Easy Street Records (where the "Valleys" record has been at or near the top of store sales since it was released), the resurgence of Hendrix's popularity is no surprise. "It's a testament to the legacy of Hendrix, what he was and what he was all about," he said. "We're lucky in Seattle, he's part of the ethos here. When something like this comes out, it's special. It's just the chance to 'experience' his music in an updated way. Even folks with the old bootlegs still want to hear this new music. This stands up to the music of today."

Hendrix started playing the guitar while a youngster in Seattle, and was in a band called the Rocking Kings while a student at Garfield High School. His music career really started after a short stint in the Army, and away from Seattle. But his presence is felt in this laid-back Northwest city.

Hendrix in Seattle
For one thing, his final resting place is at Greenwood Memorial Park in nearby Renton, Wash., still a destination for many music fans who make the pilgrimage. And his life is celebrated at Seattle's Experience Music Project | Science Fiction Museum, the Seattle sci-fi and rock culture museum and concert hall, which continues its two-years-running "Jimi Hendrix: An Evolution of Sound" exhibition.
Fragment of a Strat that Hendrix famously burned at the Monterey Pop Festival (on display at the Experience Music Project).

The exhibit explores Hendrix's evolution from unknown to emerging young guitarist touring the "chitlin' circuit" in the South, from his time in the creative crucible of New York City, to his arrival as an already accomplished supernova on the London music scene in 1966. The exhibit has plenty of relics for the true fan to admire, including the Fender Stratocaster he played onstage at Woodstock, and shards from other guitars he destroyed onstage.

Also, films on Jimi Hendrix's life and legacy will be shown throughout the year at the EMP's 200-seat JBL Theater.
Elsewhere in Seattle, there's a move afoot to renovate a Seattle park, a site whose name was formally changed to Jimi Hendrix Park in June 2006 but which has largely sat undeveloped and unadorned since then. Janie Hendrix hopes to raise $1 million for the project between now and 2012.

Development of the park, which is next to the city's Northwest African American Museum, was the subject of a January community meeting. Several ideas for Hendrix remembrances were floated there, one apparently set to move beyond the idea stage: a crop-circle concept incorporating an outlined image of Hendrix that would occupy the six acres of the park's open space -- an image that could only be completely seen from high overhead. Janie Hendrix said this idea was expected to move forward, with plans for an unveiling sometime in 2012.

And she said that a dispute over whether to move a Hendrix statue on Seattle's Capitol Hill to the Hendrix park has been settled: The life-size statue, at a location near Broadway and East Pine since 1997, stays put. (See images of the statue.)
"Mike Malone [a Seattle developer and owner of the statue] has agreed to keep the statue there," she said. "He's going to create another statue of Jimi that he'll design and which we'll put in the park."

Jimi's music, live on stage
The "Valleys of Neptune" release came just days after Experience Hendrix, the fourth edition of the biennial all-star-players concert tour, kicked off in Santa Barbara, Calif.

The artists to be featured on the tour performing music written and inspired by Jimi Hendrix amount to a guitarist-heavy who's who of respected players in rock and blues. Aerosmith's Brad Whitford, Joe Satriani, Jonny Lang and Kenny Wayne Shepherd are involved, as well as Doyle Bramhall II, Ernie Isley, Living Colour and bass player Billy Cox, a close friend of Hendrix from Army days (they were members of the 101st Airborne Division) and throughout Hendrix's career (Cox played in both the Experience and Band of Gypsys, and appeared with Hendrix in legendary performances at Woodstock in 1969 and the Isle of Wight Festival in 1970).

Some tour stops include stops at the Warfield Theater in San Francisco, and the legendary Fox Theater in St. Louis, as well as performances in Denver, Chicago, Milwaukee and Atlanta.

Expect the 2010 edition to tap more of the passion of the genuine article. "Jimi said he recognized the energy of different audiences and the energy of the stage and how when they collide, it's another energy," Janie Hendrix said. "The more these guys do it, the more they gel on the tour, they establish another identity and they get tighter and tighter as time goes along."
This time out, the Experience Hendrix tour is about bringing the live Hendrix sound where it hasn't been before. Seattle, for example, where it all began, was passed over this year, Janie Hendrix said: "We decided to hit different cities than we hit before. We've never been to Atlanta or North Carolina, so we're trying to get to some different cities this year."

All of it, from the torrent of new releases to rumors about Hendrix being immortalized anew in Rock Band, from a tribute tour to a statue in a park, prompts the question: What is it about Jimi Hendrix that we can't get enough of? Why does he seem as fresh today as the day he died? Janie's answer speaks to both the music and the mythology of James Marshall Hendrix, the power of a sound and the pathos surrounding an icon who exits at an early age.

"He created over 110 songs in four years, and it's real music," she said. "It's a whole creation all its own, it doesn't fit the niche of jazz or rock or R&B, it's its own creation. Lyrically, musically and iconically as an individual, he put it all together.

"And he died so young ..."

If I asked you to guess an investment that can give you 500% appreciation of six months, what would it be?
I'll bet that guitars wouldn't be your first response.

In the forty years since Jimi Hendrix played his white Fender Stratocaster before a 500,000 people at Woodstock, guitars are now firmly established as collectible items.

Such legendary events have led thousands of enthusiasts to seek out vintage Fender Stratocasters from the 1970s.
A late '60s Strat', then worth a couple of hundred dollars, can today sell for as much as $30,000.
Other items, like a '60s Gibson Les Paul Jr., can appreciate by an incredible 500% after six months of ownership.

And the best news is, with the guitar market down alongside stock prices, there are plenty of opportunities for new investors.

"Now, the baby boomers that bought the guitars are selling them back," Harvey Moltz of Rainbow Guitars, an Arizona-based vintage and modern instrument dealership, told Forbes.

Guitar prices are dropping by as much as 40% - so dealers are stoking up their storage rooms with vintage guitars for the first time in 30 years.

There is one particular factor that can guarantee a guitar's appreciation...

Aside from being in mint condition (with original parts, electronics and paint), the guitars must be tied to an artist or event that resonates in the modern popular conscience.

For instance, 1980s ESP guitars were played by, and are associated with, Metallica.

While such guitars hold value now - particularly with today's wealthy who loved metal in their youth - the value of shred-friendly guitars is likely to fade as the collectors themselves age.

But Woodstock and other classic-rock-associated guitars are likely to increase in value yet again - partly due to music releases and merchandising from labels like Warner Bros to coincide with Woodstock's 40th anniversary.

But, even if prices are more affordable - with a '56 Gibson P-90 Les Paul Gold Top dropping from $80,000 in 2007 to as little as $35,000 - you should still be cautious with your cash.

The year of a guitar's manufacturing date can affect the value dramatically.
For instance, electric guitar production increased dramatically after the Beatles' 1965 North American tour. Guitars from this era are less rare, and therefore less valuable.

A scarce guitar is the black mid-'60s Gibson ES-345 played by Jefferson Airplane's Jorma Kaukonen at Woodstock. The model is a much rarer find due to its colour.

Many guitars can increase in value over time, but few instruments will exhibit the long-term value or prestige of Woodstock instruments, despite their current (relatively) low prices.

Here are some guitars to look out for....
Carlos Santana
Guitar: Pre-1965 Gibson SG Special with P-90 Pickups
What You Should Pay: $5,000-6,000
These guitars were the favoured choice of Santana and Pete Townshend even after Gibson phased it out in the '60s.

Stephen Stills
Guitar: Late-'50s Gretsch White Falcon
What You Should Pay: $30,000
This guitar has not been hit hard by the recession, and has the potential for future growth in value due to its connection to several star performers.

But avoid post-1967 models. Baldwin manufacturing bought the company from Fred Gretsch, and made poorer-quality guitars.
Jimi Hendrix
Guitar: 1968 Olympic White Fender Stratocaster w/all-maple neck and cap
What You Should Pay: $25,000-30,000

Don't buy just any '60s Strat, as not all have Hendrix's rare, all-maple neck, fingerboard and Olympic White paint. Non-Jimi models depreciate more due to generalisation of value.

To buy the Jimi Strat, you'll have to pay big, but your investment will be safe. The link between the instrument and Jimi is enough to keep this guitar - made after 1965 - appreciating in value.

It was the first Fender artist-related Stratocaster, or perhaps "artist inspired" would be more accurate since no connection to Hendrix by name or image appears anywhere on the guitar (the authorized and licensed Artist Series instruments didn't begin until the Clapton Signature model appeared in 1988).

Secondly, the instrument's design features mark a follow-up of the 1979 Anniversary Strat's departure from the CBS norm - a return to the pre-CBS four bolt neck attachment and corresonponding neck plate, and the abandonment of the "Bullet" headstock truss rod adjustment.

The departure from the then-current CBS design makes sense since the 1980 Hendrix Stratocaster was essentially modeled upon the 1968 Strat Hendrix played at Woodstock in 1969 (as were all of the tribute instruments discussed in this article except for the 1997 Fender Custom Shop Monterey Strat).

Modeled after a 1968 Strat but with a significant twist.

Unlike any 1968 production line Stratocaster, the 1980 Hendrix Strat joined a right-handed body with a left-handed neck. This configuration would appear again in the 1991 Custom Shop '67 Reissue Stratocaster.
Why put a left-handed neck on a right-handed body?

Two reasons.
1. Cosmetically, the upside-down-looking headstock is similar in appearance to Hendrix playing a right-handed guitar flipped upside down and played from the opposite side of the body.
2. Reversing how the left-handed neck is strung (the low E, for example, being where the high E would be on a left-handed neck strung normally), reverses the usual length of the strings and results in a somewhat different "feel" and, arguably, creates a difference in tone. The differences are the result of a change in tension of the strings (apart from the G and D string which, being in the middle, aren't really affected). For example, the low E, when strung in reverse, is now the longest string and subject to greater tension due to the increase in length. Conversely, the high E is now the shortest and its tension is less.

Was the 1980 Hendrix Stratocaster actually produced?
There is an element of mystery surrounding this issue. Author Tony Bacon, on pages 94-95 of "The Fender Book", indicates that the guitar went into production and twenty-five were made. Others believe that it never evolved past the prototype stage (see "Story of prototype #1, below). When recently contacted regarding this issue, Fender-FMIC stated that in light of the events having taken place prior to 1985, it would be unable to supply a definitive answer.

According to John Page, former Fender Custom Shop manager, who was with Fender during 1979 and 1980, the "Hendrix Stratocaster" came about at the insistence of Mudge Miller, who was a Fender marketing representative at the time. Page recalls that while the instrument never really went into production, Miller got Fender to produce 25 units for a group of Fender dealers in Texas as a "special run". Page also believes that these 25 guitars may have had a circled letter "M" (for Mudge) on the headstock. This mark does not appear on three of the four prototypes believed to exist (it is unknown whether or not it appears on the fourth, the prototype possibly owned by a collector in Japan).

Specifications
Color: Olympic White
Body: Alder, with Special Additional Front Contour
Neck: Maple; Large Reverse Headstock; Four Bolt Attachment and Neckplate
Fingerboard: Maple
Truss Rod Adjustment: At Body
No. of Frets: 21
Tremolo: Six-pivot Bridge/Tremolo
Pickups: Three
Pickup Switching: 5-Way
Pickguard: 11-Screw White Laminated Plastic
Last MSR Price: $1,500*

*Blue Book Publications, Inc.'s "Blue Book of Electric Guitars, 8th Edition"
Another source that indicates 25 or so of the 1980 Hendrix Stratocasters were produced.

At what age does a used Stratocaster become a vintage Stratocaster? The answer is a matter of opinion with various sellers advocating milestones such as 20, 25 and 30 years. Most would probably agree that a guitar younger than 20 hasn't yet earned the title of vintage. In general, market interest in a vintage guitar widens the older the instrument is, meaning the number of people interested in a 55-year-old 1954 Stratocaster is probably greater than those interested in a 20-year-old 1989 American Standard. But, saying that the number of people interested in the '54 is greater than those interested in the '89 doesn't mean that there are automatically more ready, willing, and able buyers for the '54 than there are for the '89 in light of the tremendous price difference. An original '54 on eBay will most likely get more page views than an original '89 American Standard, but it wouldn't be surprising if the Standard received more bids as there are probably a larger number of qualified buyers in the Standard's price range.

What fuels the vintage and collectible market? Simply desire. Few of these instruments trade hands because of their playability or tonal quality. If anyone finds a YouTube video of someone playing a Custom Shop Marilyn or Harley Strat in a nightclub, please email me the link. The buy-and-store attitude isn't quite as sharp with vintage Stratocasters as you will find a number of musicians who view them as they were originally intended, working instruments, and likewise a few recording studios keep a variety of vintage guitars on hand precisely for their unique tonal features. But, it's still a safe bet that the majority of vintage and non-vintage collectibles are destined for the display case, closet, or custom storage locker.

The fickle nature of desire makes for a strange and confusing marketplace. Ages and models come in and out of fashion (e.g., the CBS-era Stratocaster's migration from shame to fame) and above all else, what a buyer or seller thinks is significant about a guitar might not be an opinion shared by his counterpart. The collectible Stratocaster market has a number of subcategories, such as 1960s Custom Colors, early Custom Shop one-offs, Custom Shop limited editions, prototypes, artist-related models, '50s two-tone Sunburst Strats, etc. Some collectors follow a particular model, such as the STRAT, the Dan Smith or early American Vintage Reissues. Most Stratocaster fans develop a particular desire bias or two and considering the prolific output from Fender since 1954, it's easy to see why the collectible Stratocaster market is a noisy something-for-everyone playground.

To put this in perspective, let's say that with respect to vintage we use the liberal age of 20. This means we're looking at models manufactured from 1954 through 1989, 35 years of Fender Stratocaster history. Then, if we broaden our interest to include non-vintage collectibles, we have another 20 years to consider, and the last 20 years represents a lineup that is mind boggling in diversity from a standpoint of both U.S. production models and the Custom Shop.

Chances are you're reading this article because you have a pre-existing interest in the Fender Stratocaster and most likely your particular desire bias has already begun to form. To sharpen and focus that bias, it's time to do some homework (or a lot of homework if you're a developing Strataholic). Time to get acquainted with Fender Stratocaster history.

Though websites like Strat Collector News offer a quick fix (or not so quick if you dig deeply), there's probably no better and enjoyable way to get acquainted with the Stratocaster's history than Tom Wheeler's excellent book, The Stratocaster Chronicles. It's the history of the Stratocaster from 1954 through 2004 with fact and detail presented in a story-like manner that brings to life the people behind the instrument. Tom's currently working on a new book that will chronicle the history of the Fender Custom Shop that's bound to have an impact on the non-vintage collectible market. Also highly recommended is A.R. Duchossoir's book, The Fender Stratocaster. Strat Collector News has compiled a basic reading list via Amazon that you might find helpful. And, no matter what Stratocasters interest you, it's always a good idea to spend quality time on Fender's current website, both with respect to its current models and the other information resources it offers. Fender is keenly aware of its history and what it offers today often has something to do with what was or was not popular yesterday.

Let's say you've done your homework, your Stratocaster desire biases are in place, and you're ready to take the pulse of the current marketplace. Where to start? This, of course, is where being online is a true advantage. You could attend the various guitar shows that take place throughout the year, but that's certainly not a quick fix nor is it a very efficient way to obtain a broad market snapshot as each guitar show is limited to the particular vendors involved.

The obvious place to start is eBay, but let me first point out that I'm not advocating buying or selling on eBay (of which I'm doing neither). I'm talking about using eBay as a source of information. I'll use myself simply as a case history.
My desire bias focuses on Fender in the 1980s (including 1979's 25th Anniversary Stratocaster). I enjoy the entire Fender and Fender Stratocaster history, but the classic vintage Stratocaster market (1954-1965) has never been my cup of tea, mostly due to the wealth of information needed to determine originality. I've seen true vintage pros at work and their level of knowledge about what was to me arcane trivia was amazing, and best left to them. The '80s was a rich and pivotal decade in the Fender story that included events such as CBS's sale of Fender to FMIC (and the related model re-thinking) and the introduction of the Custom Shop. While my eBay trip today was for a general collectible market feel (what's available, what's selling, and what's not at the high and middle level of the market), as you'll see, desire bias drew my attention to a few particular models.

Sites like Bob's Vintage Guitars do the research for you, featuring the current listing on eBay for Strats and all other vintage guitars as well.

US Auctions Australian Auctions Austrian Auctions Belgian Auctions Canadian Auctions French Auctions German Auctions Irish Auctions Italian Auctions Dutch Auctions Spanish Auctions Swiss Auctions GB Auctions

Best Match Items Ending First Newly-Listed Items First Price + Shipping: Lowest First Price + Shipping: Highest First

FENDER VINTAGE 1983 USA STRATOCASTER
	$899.00 (1 Bid) Time Remaining: 11h 56m Bid now | Add to watch list

1965 Fender Stratocaster Olympic White Original Killer Look Vibe and Tone
	$7,850.00 Time Remaining: 9d 10h 5m Buy It Now for only: $7,850.00 Buy It Now | Add to watch list

VINTAGE 1978 FENDER STRATOCASTER WIRING HARNESS POTS NO RESERVE PROJECT PARTS
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VINTAGE 1980s LOTUS STRATOCASTER STRAT ELECTRIC GUITAR W GIG BAG VERY GOOD
	$99.99 Time Remaining: 13d 16h 3m Buy It Now for only: $99.99 Buy It Now | Add to watch list

1974 Staggard Pole Fender Stratocaster
	$2,800.00 Time Remaining: 14h 29m Buy It Now for only: $3,100.00 Buy It Now | Bid now | Add to watch list

1979 Vintage Fender American Stratocaster w OHSC All Original
	$2,299.00 Time Remaining: 18d 10h 3m Buy It Now for only: $2,299.00 Buy It Now | Add to watch list

RARE 1964 Fender Stratocaster Orig Vintage Tortoiseshell Pickguard The Real Deal
	$157.50 (4 Bids) Time Remaining: 14h 52m Bid now | Add to watch list

2003 FENDER STRATOSONIC STRATOCASTER STRAT VINTAGE P90 ELECTRIC GUITAR TV YELLOW
	$1,199.00 Time Remaining: 18d 22h 55m Buy It Now for only: $1,199.00 Buy It Now | Add to watch list

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As both a dealer and appraiser of vintage fretted instruments I am faced with the daily necessity of placing dollar values on instruments. Any appraisal or price determination is to a certain degree the subjective judgment of the particular dealer or appraiser involved, however, the figures that I or any other dealer or appraiser place on instruments are firmly based on our knowledge and experience of the market involving supply, demand, and prior precedent for instruments of this type. While there is no one simple formula that a dealer or appraiser uses for evaluations, the following factors are critically important:

1. Maker
Instruments made by famous luthiers or manufacturers are far more sought after than those by lesser known makers. A great sounding guitar by an unknown luthier may have intrinsic merit and value as a utilitarian tool, but it will rarely sell for as much money as a well known model by a famous maker even if the instrument by the lesser known maker may sound better. Typically famous makers achieve recognition because their instruments are indeed superior to those of lesser known luthiers. Martin, Fender, Gibson, D'Angelico, Stromberg and other such makers did not achieve their great recognition without having justly earned it. While new luthiers are continually appearing on the scene and some produce very fine instruments, it usually takes a number of years for a maker to establish a strong enough reputation for his instruments to command high prices.

2. Model
Some models are far more sought after than others. In the case of Martin guitars, for example, dreadnought size instruments tend to bring more money than the smaller O, OO and OOO guitars, although the actual cost of manufacture varies very little with the size of the instrument. An O, OO or OOO-18 costs virtually the same amount to manufacture as a D-18, but the demand for vintage, used and new D models surpasses that of the smaller guitars such that the D models will bring more money. Similarly Fender Stratocasters and Telecasters are more sought after today than vintage Jazzmasters, Jaguars or hollowbody Coronado models of the same age. In spite of the fact that the Jazzmaster, Jaguars, and Coronados may have cost more when new, Telecasters and Stratocasters are more sought after and bring more money today. Similar examples can be stated for virtually every manufacturer.

3. Age
Older is not necessarily better, but virtually every manufacturer has had periods which buyers and players view as their "Golden Era." Pre-CBS Fenders are more sought by collectors and musicians than the later models. Martin guitars of the 1930s are held in far higher regard and command higher prices than the later models. Gibson Les Paul Standards made between mid 1958 and 1960 featuring patent applied for humbucking pickups, curly maple tops and cherry sunburst finish command far higher prices than the earlier gold top Les Paul models with single coil P-90 pickups and certainly greatly more than any of the later Les Pauls.

New instruments by major manufacturers such as Martin, Gibson, Fender and Taylor are of fine quality and without doubt are suitable for professional use on stage or in the studio, but many collectors and musicians view models of the "Golden Era" as being superior. It should be noted that a company such as Martin which has been in business since 1833 had employees during the 1930s who were routinely longer tenured with the company and more skilled at hand work than those employed today.

In the case of individual luthiers the trend in this respect is quite different. The finest instruments by any skilled hand builder are likely to be his most recent ones. Just as Stradivarius built far better violins when he was 75 years old and had many years of experience than he did when he was only 16, a skilled hand builder such as Stromberg, D'Angelico or D'Aquisto or modern builders such as Benedetto, Monteleone, Kim Walker, Steven Gilchrist and numerous others are more experienced today than they were twenty years ago. If, in fact, a hand builder's older instruments were worth more than his latest creations, that would amount to a statement on the part of buyers that in their opinion the maker had either learned nothing new in the past twenty years or had in fact actually slipped.

4. Condition
Condition needs to be evaluated in terms of cosmetics and structural concerns. Needless to say, a cosmetically clean example in original condition is worth more than the same make, model and year instrument which is highly worn although still structurally stable. Structural concerns, however, are fully as important if not more so than cosmetics. It is quite possible for a vintage instrument to have little if any playing wear but still have major structural problems. In most cases loose glue seams, warped necks or poor neck set angles can be fixed to be invisible and structurally fine. Cracks and other such structural damage are greater problems. In the hands of a skilled restorer many cracks can be made to virtually invisible, but such work is very time consuming and expensive. Re-gluing loose seams or braces or resetting a neck, in my opinion, constitutes normal maintenance and does not lower the value of the instrument.

Just as there are no violins of the 1600s and 1700s in use today which have never had maintenance such as re-gluing of loose seams and replacement of worn out fingerboards or even far more drastic work, it is essential to be aware that acoustic guitars of the 1920s and 1930s are old enough today that virtually all of them have either had or now need some maintenance to be kept in good playing order.

When I started collecting guitars in the mid 1960s it was relatively easy to find Martin and Gibson guitars of the 1930s and Gibson and Fender electrics of the 1960s in excellent playing order without need of restoration, but today an instrument of the 1970s or early 1980s is older than many of the "Golden Era" vintage instruments were when I started out.

5. Originality
As I have discussed in previous columns, originality is critically important. Obviously a forgery is not nearly as valuable as an authentic original instrument. A highly modified instrument such as a Martin D-28 which has been inlaid to resemble a Style 45 or a Gibson Goldtop Les Paul which has had the top finish stripped and redone to sunburst and P-90 pickups removed to be replaced with later humbucking pickups will not have nearly the appeal of an authentic original pearl trimmed Martin or late 1950's sunburst Les Paul.

Collectors place a great premium on a fully original pristine condition example of a prime collectible model, but such pieces are becoming increasingly more and more difficult to find as each year passes. A beautiful original pre World War II Martin with an expertly done neck set such that the work is invisible and the guitar plays perfectly will have a value virtually the same as a pristine example. Similarly, re-gluing of loose glue seams or loose braces is not a major consideration.

On the other hand, refinishing or restoration of major structural defects, however well done the job may be, will result in an instrument of lesser value than one which is pristine. Needless to say, an expert restoration of structural and cosmetic defects such that the work is virtually invisible will result in an instrument of far greater value than one which needs work or has been poorly repaired. Much of the time and effort put into instruments in the Gruhn Guitar repair department is spent undoing poor previous repairs. It is far easier to work on an open but un-repaired crack than to fix one which has been firmly glued with epoxy in the wrong position.

I am frequently asked if repairs will lower the value of an instrument. If it were true that any repairs simply resulted in depreciation, I would immediately be able to lay off seven of my most expensive employees. Needless to say I have not done so because it is my opinion that proper restoration greatly enhances the value of instruments. While I like to see instruments in totally pristine unplayed condition, the fact remains that these guitars, banjos and mandolins were made to be played and enjoyed and over the years they do become worn and need maintenance.

Worn out original frets result in a guitar which is unplayable and worth less than one which has been expertly refretted. Over the years wear, natural aging and unfortunate accidents can and will happen. The work of a truly expert restorer should be virtually invisible. It can be said as a compliment that the work of a luthier may be as distinctive as his signature such that it can be identified from across the room at a glance, but the same comment applied to the work of a repairman or restorer would be an insult. A truly superb restorer leaves no sign that he was ever there. An instrument with cracks, loose bracing, worn frets, poor neck set angle or other such problems is worth far less before restoration than afterward if the work is properly done. There are plenty of repairmen who can refret, glue loose braces and do set up work, but remarkably few who can take a crack and make it structurally stable and visually virtually invisible. At Gruhn Guitars we pride ourselves in having one of the finest repair shops in the world, but we take great pains to accurately represent all instruments we offer for sale such that repair work is disclosed.

6. Supply versus Demand
Some instruments are extremely rare but rarity is not necessarily to be equated with desirability. Instruments may be rare for a variety of reasons. Since individual luthiers build based on orders and manufacturers produce instruments based as well on dealer and customer demand, rarity can be a sign that a model was not well accepted by the public. A model can be very rare because the company received no orders do to lack of public interest. Examples of instruments which are rare because there was little if any public demand when they were made would be Gibson Victory guitars and basses and Martin pre-World War II archtop f-hole guitars.

Some instruments are rare because they were introduced ahead of their time. The Flying V and Explorer Gibsons of 1958 and 1959 are prime examples. These guitars were so radical that they were laughed at, in spite of the fact that they were very fine sounding instruments. It was not until many years later that they were recognized as being great collector's items not only for rarity but due to their historic significance and extraordinarily fine quality. Today there are not only Gibson made V's and Explorers but over the years these designs have inspired makers such as Hamer, Kramer, Ibanez, Dean and numerous Japanese, Korean and Chinese knock-offs such that there are now hundreds of thousands of instruments which owe their direct lineage to the extraordinarily rare 1958 and 1959 originals by Gibson.

Other instruments are extremely rare because they were introduced too late. The original 1922-24 Lloyd Loar-signed and dated Gibson F-5 mandolins are a prime example. The mandolin craze died after 1921, but the F-5 was not introduced until mid 1922. It would be much akin to introducing the finest buggy whip in the world after the invention of the automobile. People simply did not care how good a mandolin was. There was no demand for one until Bill Monroe introduced bluegrass music in the mid 1940s.

Today an original Loar signed F-5 will bring well over $100,000, but in 1922-24 nobody cared. Gibson flat-head Mastertone banjos of the 1930s are another such example. The demand for banjos was minuscule after the Dixieland movement died by the end of 1928. During the 1930s when the flat-head Mastertones were made there was a strong demand for arch top f-hole guitars, but it was not until Earl Scruggs popularized flat-head Mastertones during the mid 1940s onward that there was any demand for such an instrument.

Interestingly enough the sunburst Les Paul Standard of mid 1958 through 1960 is another such example. There were far more Gibson Les Pauls made during 1952, 1953 and 1954 than in 1958, 1959 or 1960. The sunburst Les Paul may well be the ultimate Les Paul model guitar, but it was introduced at a time when the demand for these instruments was falling.

It is exceedingly difficult to kick start demand by introducing a better model instrument once the demand for this style is waning. Numerous companies have tried but failed in such attempts. The fact remains that the finest mandolins and banjos were made after the demand for these instruments had passed. The vintage originals of the "Golden Era of Production" are not necessarily those made during the "Golden Era" of the music itself. Sometimes an instrument is designed for a specific type of music only to become truly popular with collectors and musicians at a later date once it is discovered that this type instrument can be used for a totally unforeseen function. Lloyd Loar did not envision chord chop rhythm to drive a five piece bluegrass band with a mandolin, but the fact remains that the F-5 took on a whole new life when Bill Monroe picked it up. Similarly Leo Fender did not anticipate what Jimi Hendrix would do with a Stratocaster nor did the Gibson design team of the 1950s envision the rock and pop scene of the 1970's to the present.

Some instruments such as D'Angelico, Stromberg and D'Aquisto guitars are rare because they are hand made masterpieces by an individual luthier who was incapable of high output. D'Aquisto had a minuscule output ranging from about seven to twelve instruments a year. D'Angelico was only slightly more prolific but lived longer and produced guitars over a greater time span resulting in more total output. Stromberg guitars of the late period from 1940 through 1955 are among the finest rhythm guitars ever made by any luthier, but the early Strombergs prior to 1940 are relatively mediocre instruments. In view of the fact that these are superb instruments made by a tiny workshop for only fifteen years, the total number of such pieces is extremely small resulting in great rarity.

Some instruments are rare due to the fact that they are limited edition "instant collectibles." Martin, Gibson, Fender, Rickenbacker, Taylor and numerous other manufacturers are producing pieces of this sort. I have written a great length on this topic in Vintage Guitar magazine as well as in previous columns. Suffice it to say that I do not consider these to be the ultimate investments. Just as I would not recommend collecting Franklin Mint replicas of Samurai swords or Civil War swords rather than having the originals, it is my opinion that instruments made as deliberate limited editions are frequently not particularly good investments.

On the other hand, it is my opinion that there are some superb new instruments being made today both by individual luthiers and manufacturers such as Martin, Fender and Gibson. The Fender Custom Shop models as well as their Masterbuilt instruments and Martin "Golden Era" guitars as well as Gibson Custom Shop Historic models are of exceptionally fine quality. How they will stack up in the future as collectibles remains to be seen.

Clearly, the instruments we view as "Golden Era" collectibles today were once production instruments made to be used and played. It is my opinion that the best new instruments produced today do indeed have the potential to be collectible in the future. It is, however, difficult to predict future values. Much depends on what the manufacturers and luthiers producing these instruments today do in the future. If, for example, a company goes out of business or lowers its standards of quality due to a change of ownership or any other reason, the higher quality instruments of today could become highly collectible in the future. If, on the other hand, new instruments twenty years from now are made to the same or even better standards of quality than the guitars of today, the current models may not appreciate nearly as much.

While rarity alone does not make an instrument desirable, in some cases obviously it is a factor for consideration. Unlike postage stamps or coins in which rarity is everything, musicians want instruments of great quality. Demand for sunburst Les Pauls is far greater than for Les Paul Customs of the same age or for numerous other models which may in fact be more rare. Gibson made over 1500 sunburst Les Pauls from mid 1958 through 1960, but there are millions of people who would like to own one and have bid up the prices such that prime examples can be over $150,000. There are, on the other hand, instruments of which less than a dozen were made but for which there is little demand resulting in prices under $1,000.

7. Sound and Playability
Obviously as a musician, sound and playability are of paramount importance; however, in evaluating vintage instruments or setting prices I do not generally take these factors into consideration. The reputation a particular make, model and age instrument has is not an accident. The pieces which command high prices have a reputation such that one of a particular make, model, and year is typically extremely good, but tone and playability are rather subjective. It should also be noted that if a guitar is not set up in good playing order and does not, as a result, sound good or play well, it can be worked on such that in all probability it will play just fine. If I have two guitars of the same make, model, and year, one of which is extremely clean but in my opinion does not sound especially great compared to another one which is in rougher physical or cosmetic condition but which I think sounds great, I will still get a higher price for the cleaner one.

8. Prior Precedent
While any evaluation is based to a considerable degree upon the knowledge and subjective judgment of the dealer or appraiser, prior precedent figures prominently. When evaluating instruments I take into account prices I have previously been able to get for similar instruments as well as prices other dealers with whom I am familiar have gotten. "Blue book" prices are based on dealer input which usually involves their prior precedent in sales. Prior precedent of "asking prices" versus actual sales figures are less relevant to me. Asking and getting are not one and the same. As I have previously stated, I do not go strictly by blue book values. It is my experience that all too often blue book prices can be either higher or lower than my own experience dictates. It should also be noted that neither do I go strictly by previous achieved prices. I take into account current market conditions. If I get an instrument which is an extremely prime example or if in my judgment the market has heated up such that an item is now in greater demand than it would have been the last time I had one, I will ask more.

Needless to say it requires a very skilled and experienced appraiser to take all of these factors into consideration. It is not possible to price guitars simply by picking up any of the so-called "blue books." Some of these books are better than others, but in my opinion none of them are totally accurate nor do I use any of them extensively for setting prices of my own inventory or in comparing appraisals. None of the blue books are helpful in identifying an instrument or determining its originality. In order to do an appraisal one must first properly identify the piece. Not only must one determine the make, model and year, but one must be certain that it is in fact original and one must determine the extent of any modification or repair.

9. Memorabilia Appeal
Instruments which have been owned and used by celebrities have memorabilia appeal. Frequently their appeal to fans of a particular performer may result in prices far higher than they would otherwise command.

The base line value for any memorabilia piece is the amount this piece would bring if it had been owned by nobody special. While there is no way to apply a simple formula or "blue book" yardstick in evaluating memorabilia, I try to take in to account the importance of the former celebrity owner, how many instruments he or she had, how extensively they used this particular instrument, and what if any track record there may be for previous instruments placed on the market which have been owned or used by this performer.

Typically, instruments owned by deceased celebrities will bring more money than those owned by living artists, but it is just as critical to determine how many instruments an artist may have had and how frequently such pieces come on the market. For example, Bill Monroe used one 1923 F-5 mandolin throughout most of his career, whereas Eric Clapton, Billy Gibbons, and Rick Nielsen of Cheap Trick, have owned hundreds of instruments. Typically, an artist who has had hundreds of pieces go through his hands will not add as much value to a guitar as an equally prominent artist who has used only a few instruments in his career, however, it is worthy of note that in a charity auction some of Eric Clapton's guitars brought astronomical prices. The ones which brought in excess of $100,000 were, however, instruments which he used a great deal. Some which he had barely touched still brought as much as $50,000 but it is my opinion that had they been offered in anything other than a celebrity auction context, they would not have brought even half that amount.

Typically, rock star instruments, particularly those associated with Jimi Hendrix, Eric Clapton and Elvis, command higher prices than country music artist memorabilia, but a guitar certifiably owned and used by Jimmie Rodgers or Hank Williams Sr., would certainly bring a great deal of money. It is at best a very subjective judgment to try to compare and contrast values imparted by prior ownership by artists such as Johnny Cash, George Jones, Marty Robbins, Hank Snow or other Opry stars.

It should be noted further that some artists sold millions of records but were not highly respected by guitar players, whereas others, such as Mike Bloomfield, never had a hit record in their entire career but are idolized by pickers. Needless to say, when selling any instrument as memorabilia it is absolutely critical to be able to document the piece with letters, preferably by the former owner as well as photos, film clips, or other documentation from family members, band members, or managers. I am offered instruments said to have been owned by Jimmie Rogers, Hank Williams Sr., Elvis, and other celebrities almost every week, but without proper documentation, I don't take the bait unless they are offered at their intrinsic value as an instrument.

Needless to say it requires a very skilled and experienced appraiser to take all of these factors into consideration. In order to do an appraisal one must first properly identify the piece. Not only must one determine the make, model, and year, but one must be certain that it is in fact original and one must determine the extent of any modification or repair. After forty years of virtual total immersion in this market I use my knowledge and "gut feel" rather than any "blue book," but I am still learning every day. I don't claim to know it all.

About the author
George Gruhn is the co-author (with Walter Carter) of Gruhn's Guide to Vintage Guitars, which is the comprehensive field guide to vintage fretted instruments, and the companion volumes Acoustic Guitars and Other Fretted Instruments and Electric Guitars and Basses. These books chronicle the history of American stringed instruments and are beautifully illustrated and exhaustively researched. His articles are published in numerous magazines.

Gruhn moved to Nashville in 1969 after getting his bachelor's degree from the University of Chicago and doing graduate work at Duke University and the University of Tennessee. In 1970, he established Gruhn Guitars, which is one of the largest dealers of vintage and used instruments in the world, located right behind Nashville's Ryman Auditorium. The "guitar guru" has been a featured columnist for Pickin', Frets, Bluegrass Unlimited, Guitar Player and Vintage Guitar. He is the former vice president of research and development for Guild Guitars, and his designs are currently featured on a line of Tacoma guitars.

"Since 1963, George Gruhn has distinguished himself as the one to see in Music City - or anywhere for that matter - if you're in the market for a vintage stringed instrument . . . He categorizes his interest in guitars - like that of his staff and most of his clientele - as beyond obsession. 'Those with a serious interest have an addiction, and we've got the goods,' Gruhn says of his customers, who include the heavyweights of popular music - Eric Clapton, Neil Young, Johnny Cash, Lyle Lovett, Vince Gill, George Harrison, and Paul McCartney, just to name a handful." - Bone Magazine

Contact Information
George Gruhn, Gruhn Guitars
Phone: 615-256-2033
Email: gruhn@gruhn.com
Web: Gruhn Guitars

For our last fundraising auction of 2010 we're pulling out all of the stops!
This one is really special and the monies raised will go to support The Blue's Foundation's HART Fund.

This month we are offering a white Fender Squier Strat signed by many of the top women and men of Blues music, as well as Rolling Stone members, Keith Richards and Ron Wood. The Blues artists who autographed the guitar number in the dozens and include, among others, Hall of Famers Robert Lockwood, Jr., Jimmy McCracklin, Pinetop Perkins, Bobby Rush, Hubert Sumlin and Irma Thomas, as well as contemporary artists like James Harman, Janiva Magness and Kim Wilson. Add in actors Morgan Freeman and Steven Seagal and you definitely have a one of a kind memento.

In addition to the signed guitar you will receive a photo album showing most of the artists actually signing the guitar. Plus the guitar will be sent to you in its original hard case.

You will need to be present to receive this package as it will be shipped with a signature required by the recipient.

The HART Fund (Handy Artist Relief Trust)
The Blues Foundation has established the HART Fund for Blues musicians and their families in financial need due to a broad range of health concerns. The Fund provides for acute, chronic and preventive medical and dental care as well as funeral expenses. The HART fund also provides help connecting Blues musicians in need with additional resources.

Feel free to contact us should you have any additional questions. Good Luck!

For some people, selling goods at the Treasure Hunters Roadshow in Middletown has been music to their ears — particularly if the good was a guitar.
The Roadshow, which evaluates valuables and antiques, has been at the Manchester Inn since Tuesday; today, Oct. 24, is its last day.
Many items, even if they’re antiques, haven’t been fetching high prices in the weak economy, said Greg Taylor, a manager at the Middletown show. However, gold, silver and guitars are the exceptions.
“Gold and silver prices are so high, and with vintage guitars, the wood they used can’t be reproduced today,” Taylor said.
For example, earlier this week in Middletown, someone brought in a Gibson ES 330 from the early 1960s. It sold for $300 when it was new, but a collector bought it for $4,500, said Taylor.
Someone else brought in a gold coin from 1871 that had a face value of $20, but sold for $3,500.
The Treasure Hunters Roadshow looks somewhat similar to “Antiques Roadshow” on PBS, but experts there appraise items for insurance purposes, Taylor said. The Treasure Hunters Roadshow buys items for collectors and gives the sellers a check.
As of Friday afternoon, 312 people had visited the show since it started Tuesday. Taylor didn’t have local sales figures but said a typical week brings in $100,000 or more.
Kim Holt of Middletown came to sell off some coins and “did pretty well.”
A man from Springboro, who asked not to be identified, was trying to sell a Disney toy train set that he guessed dated from the 1940s or ’50s. He was offered $300 for it, but decided to try his luck on eBay, where the same set sold for $600.

Vintage Guitar magazine the market bible on all things Vintage Guitar, developed the "The 42-Guitar Index" in 1991. It tracks the ongoing values of excellent condition original pre-1970 Gibson, Fender and Martin guitars. Pre 70's because those instruments are the most valuable, however guitars from after 1970 are starting to rise steadily.

The average value of an instrument in their index for 2007 is a very healthy $19,706, and that represents a staggering 438% increase since 1991. This equates to an average of 27% compounded annually.

The bulk of that growth has occurred in the past few years. Last year alone showed an amazing 54% increase. Why the sudden and massive increase? Simple, stock is drying up and these instruments have gone underground in collections world wide.

There are three main brands of guitars that lead the pack in investing circles, Gibson, Fender and Martin, all American guitars. Gibson however leads the pack in the vintage guitar market and outranks all other vintage guitar brands in terms of increase in value over the past 20 years, slightly edging out Fender and far exceeding Martins.

As an example, an all original museum quality 1959 Gibson Les Paul Standard may soon fetch over US$500,000! This particular guitar made between 1958 to 1960 is not only rare, but is also one of the greatest sounding guitars of all time and has been used on many of the finest rock albums of all time.

Fender guitars, and in particular the custom colors models are still highly desirable instruments for both players and investors. If we take a 1962 Fiesta Red Slab Stratocaster from 1996 to 2007. In 1991 they sold for an average price of $10,650. Find one now and you will have to pay an average of $41,500 - this equates to a low of $29,000 and a high of $54,000.

Martin guitars have produced similar rises in value and make excellent investments as well, but the really big money is in the Fender and Gibson models.