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1966 P-Bass Overpriced?

People who buy seemingly outrageously priced sports cars are not typically race car drivers by trade. People who buy seemingly outrageously priced musical instruments are typically not musicians by trade. There are collectors / investors in both arenas and that is who will ultimately own this bass me thinks. So IMO the price is within market for the intended audience.
 
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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Yes, it is overpriced, imo. I honestly do not understand how or why instruments can get so pricey. It is wood, metal and plastic. Are they of the best quality? Maybe, I dunno. It's a production-level instrument, made a long time ago. I agree that it is beautiful, and it may sound and play wonderfully, ok. But I think for 1/10th of that price one could have a more recently made version that is superior in all these categories. I feel that any sense of history and mojo are sentimental musings, personal infusions. And that's cool, too, I just don't get it...
 
Yes, it is overpriced, imo. I honestly do not understand how or why instruments can get so pricey. It is wood, metal and plastic. Are they of the best quality? Maybe, I dunno. It's a production-level instrument, made a long time ago. I agree that it is beautiful, and it may sound and play wonderfully, ok. But I think for 1/10th of that price one could have a more recently made version that is superior in all these categories. I feel that any sense of history and mojo are sentimental musings, personal infusions. And that's cool, too, I just don't get it...

Trying to apply the practical to the collectors market is tough. Stamps are just paper, ink and glue and a new Toyota will be more efficient and reliable than a vintage Corvette...
 
Trying to apply the practical to the collectors market is tough. Stamps are just paper, ink and glue and a new Toyota will be more efficient and reliable than a vintage Corvette...
Trying to apply the practical to the collectors market is tough. Stamps are just paper, ink and glue and a new Toyota will be more efficient and reliable than a vintage Corvette...
Well said. And while I am not without sentimental attachments, I guess I'm no collector. Cheers to all!
 
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It's a rare and custom color, and if all original, is in wonderful shape, but I wouldn't buy it, even if I had stupid money to throw at it. If it were a Jazz with a matching headstock . . . still a bit out of my comfort zone.
 
It's a rare and custom color, and if all original, is in wonderful shape, but I wouldn't buy it, even if I had stupid money to throw at it. If it were a Jazz with a matching headstock . . . still a bit out of my comfort zone.

Yeah, just gotten too valuable. Too much money to have tied up in an instrument for me - why I like refins! Also ones that are that clean are outside of my comfort zone as well. One advantage with even originals which are beat is that while it's painful if you put a ding in it, pretty much only you will know. I've mentioned it on here before but I had a '63 blonde Jazz Bass which was virtually brand new - no checking at all - zero, no yellowing to the lacquer - even the maple of the neck still looked totally 'white', not a single bump, ding or scratch. Case was similarly clean, had the original strings, case key, etc, etc. I sold it on and was relieved. It was too clean to even play at home much less to gig.
 
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