I've got a 1940's Kay C-1 at school that I love to death. It's got a broken neck, which was poorly fixed and is separating again. It was fixed with a single dowel, which worked for a while, but over the past couple years has begun to bend back open under the weight of the strings. As the #2 bassist in the school, I've requested that the bass be set-up and fitted with a new adjustable bridge over the summer rather than getting a factory new bass with a FAT neck and horrible setup. The head of the music department has declared the bass dead weight and will not put any money into it, except strings. Everything is as original as I can tell, except the bridge, and it sounds wonderful. The top's finish is beautifully cracked and the back is missing a chunk of laminate every here and there, but the bass looks beautiful, sounds beautiful and feels great, except for the absurdly high action. The question: Is a bass with a broken neck and a botched repair job salvagable? I would love to purchase this bass from the school because it just feels and sounds so good. Is it possible to repair a botched repair, or would the purchase just be a waste of money? If it's a decent sale, how much would a 40's C-1 with a broken neck and poor setup go for?