Quality-built mid-level electric guitars are worth anywhere between $500 and $1,500, says Escauriza, and even less if they’re used. There are cheaper ones and certainly better and more expensive ones.” “If you are asking what anyone could find new or used in the typical music store, an import student-grade electric guitar could be found for $200 to $300, as well as many other imports. “There are too many factors to consider,” he says. Wyeth says there is no average guitar value. Of course, those are examples of the most valuable electric guitars and not indicative of what an average guitar is worth. In 2002, a 1973 Doug Irwin guitar named “Wolfe” and previously owned by Grateful Dead lead man Jerry Garcia sold for $1.9 million at auction.ġ960 Gibson Les Paul Standard (Burst).
The Strat went for $2.7 million at a 2005 charity auction for Reach Out to Asia.
The most expensive guitar ever sold at auction was a Fender Stratocaster signed by multiple music legends, including Mick Jagger, Eric Clapton, Paul McCartney, Jimmy Page, Keith Richards, Bryan Adams and Brian May. “Think of Paul McCartney and John Lennon, Jimi Hendrix, Jimmy Page, Eric Clapton or Jerry Garcia as examples,” he says. Guitars owned by celebrities can be even more valuable, especially those owned by famous singer-songwriters and those used for special recordings or concerts, says Wyeth. “The 1958 to 1959 Korina wood Gibson Flying V can run as much as $375,000.” “Another favorite is the 1958 to 1960 Les Paul Standard, which can fetch as much as $400,000 depending on the year and the amount of flame in the maple cap,” he says.
Leonard Wyeth, who operates and the Association of Stringed Music Appraisers alongside Brian Wolfe, says the 1958 to 1959 Gibson Explorer can be worth as much as $700,000. “These guitars have been documented to sell for anywhere between $50,000 and $650,000,” says Daniel Escauriza, Vintage Manager and Head Vintage Buyer for Chicago Music Exchange. How much are electric guitars worth? There are several very valuable guitars, but the most valuable production models are the original 1958 to 1960 Gibson Les Paul Standard (Burst), 1958 to 1959 Gibson Flying V and Explorer models, 1959 Gibson ES-335N TD, 1957 Gibson Les Paul Goldtop and the original 1954 Fender Stratocaster. Have an old Les Paul, Stratocaster, Gibson Flying V or other electric guitar to sell? We enlisted the help of Chicago Music Exchange’s Daniel Escauriza and the Association of Stringed Music Appraisers’ Brian Wolfe and Leonard Wyeth to find out how much electric guitars are worth and where to sell electric guitars.
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