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1966 P-Bass Overpriced?

I spotted this bass on Facebook Marketplace. I have no doubts about its authenticity and superb condition but the price of $12,000 seems a bit exorbitant. I assume that it's not really a pre-CBS Fender (close, but not quite there).

Thoughts?

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Hi selowitch :)

I assume that it's not really a pre-CBS Fender (close, but not quite there).

It's a CBS Fender. CBS bought Fender on Jan 3 1965.

It still has the "old" riveted longneck reverse tuners, that you find on pre CBS basses.

(CBS switched to non reverse tuners in '66)

But everything else is 100% CBS.

Thoughts?

The price? :D

Crazy when you think that they were sold for $310 in 1966. (maybe a bit more for the custom color)

A collector's dream. => A nightmare for the bank account! (or a reason to divorce :D)


greetings

Wise(b)ass
 
What a beauty! Hard to believe how clean it is and the case too, unreal! Looks like it was purchased and put in a closet for 50 years...the pick guard is all wrong though...LOL
This is the the bass I should've told my younger self to get!

Are you gonna buy that babe?
 
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When is the last time you saw a 55 year old Fender with no paint issues, no cracks in the pickguard, clean case, etc.? Looks like the definition of a closet queen. For someone, it might be worth that figure.
You can buy a NOS Custom Shop instrument for less than one third of the price and it will sound nearly identical .. there might be people, however, who may be almost like fetishists about paint and finish in general and who may likely be willing to pay that money for that particular instrument .. in that case, the finish at hand may risk to be one of the most expensive currently out there (always IMO, IMHO, IME etc. etc.)
 
You can buy a NOS Custom Shop instrument for less than one third of the price and it will sound nearly identical .. there might be people, however, who may be almost like fetishists about paint and finish in general and who may likely be willing to pay that money for that particular instrument .. in that case, the finish at hand may risk to be one of the most expensive currently out there (always IMO, IMHO, IME etc. etc.)

I have a '66 Marian This - 40 horsepower, ancient technology. But I love it, and could get enough if I wanted to sell it to guys new car - and it isn't as clean as that P.
 
Since the CBS acquisition was only a year before this bass was built I think it would play and sound nearly the same as a pre CBS, built around the same time. After all, they were using the same machines, wood, supplies and most of the luthiers were still there, prior to Leo's leaving. The necks feel different because of their profile. I had a 1966 Jazz Bass and it played and sounded great. Prices are what they are, I could barely afford the 1968 Precision Bass I bought in 1969. It was $359.00. I still have my 1959 Fender Precision it's a really nice bass, but I could never afford to buy it today. I think I get a Lakland Bob Glaub.
 

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