My school has a bass labeled to Ernst Reinhold Schmidt, which is in desperate need of repair, it has several large cracks and open seams, but my school isn't willing to get it taken to a luthier. I have discussed purchasing the bass from my school and paying for a restoration myself, but I'm not sure if it's worth the cost. I haven't been able to find any information about this specific bass model. The label says 1937, but I'm not sure if that's the year or the serial number. A general estimate of the price and any information about the instrument would be great help to me.