1959 Gibson Guitar ES330 TDN

Value (2014) | $12,000 Insurance$14,000 Insurance
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GUEST:
This is my husband's great-uncle's guitar.

APPRAISER:
Your husband acquired it when his great-uncle passed away?

GUEST:
Yes.

APPRAISER:
It's an ES 330 made by Gibson between 1959 and 1972. The great thing about this guitar is, it's first year of production. It's a 1959, and that's pretty coveted. The fingerboard is Brazilian rosewood, which is now a CITES material, which means you can't get on a plane and take it outside of the U.S. without a CITES license, or it will be impounded. Tell me, have you ever had it appraised or valued?

GUEST:
We had contacted someone in Nashville and he had said it was worth $6,000, but I really think he was trying to buy it from us more than anything.

APPRAISER:
Okay, all right. Well, I think for an insurance value on this, I would insure it between $12,000 and $14,000.

GUEST:
Goodness! Well, that will definitely have to go on homeowner's.

APPRAISER:
Most certainly.

Appraisal Details

Appraiser
Christie's
New York, NY
Appraised value (2014)
$12,000 Insurance$14,000 Insurance
Event
Richmond, VA (August 17, 2013)
Period
1950s
Material
Wood

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Value can change: The value of an item is dependent upon many things, including the condition of the object itself, trends in the market for that kind of object, and the location where the item will be sold. These are just some of the reasons why the answer to the question "What's it worth?" is so often "It depends."

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