I have a '72 Rickenbacker 4001 with binding rot. I have an estimate from Larry Davis for $700 minimum to replace the outer white binding and finish it to match the rest of the bass. If the checker portion of the binding needs replacing or other issues arise, the cost will be more. My local luthier estimated $500 just to do the binding with no finish work included. I know that Larry has an excellent reputation and will do fantastic work. My local people are probably not as experienced with Rickenbackers. I considered selling the bass just because I wasn't sure if it was worth the expense of the repairs . I took it to a local shop and they offered $850 for it. I suggested consigning it, but the owner was certain that it is only worth around $850 in it's current condition and I think that it's worth more than that. I have a feeling that they just wanted to get their hands on it! It's not a bass that I use often, but it is a very nice 4001. I know, I've owned and played several. I wonder if this bass is worth putting possibly up to $1000 into. From an investment standpoint, does it make sense?