Hi there!
I'm gonna go see a Warwick Corvette 5 Standard Bubinga today. It's a German made one.
But there's one thing I don't get - he's asking 800 € for it, which I thought is an absolute steal... until I saw Reverb listings that had people selling them for even 550-800€.
How can it be that german-made Warwicks sell for that kind of price, and today you can pay 1500-2000€? Is there a central piece of Warwick history I'm missing, for example "That was the time they only used plywood and had virtually no QC, after 2006 they had luthiers again" or something, haha
Also for those with experience, how is the QC for 2003 Standard German Warwicks?
Really appreciate all the help!
P.S. I really love this community, even though I'm just an occasional lurker, I always feel right at home
According to my memory, the build quality of late 1990s-early 2000s Warwicks is second to none. However, there are some things you might not know about Warwick. I am going from memory, here, and cannot remember where I read some of these things, so take them as definitely non-authoritative.
1. Warwick was famous for their wenge necks, but caused a lot of consternation when they switched to ovangkol in 1998 (I think), due to supply issues (I think). They also switched away from the brass Just-A-Nut to the plastic Just-A-Nut II.
2. The current Warwick manufacturing facilities in are in Markneukirchen, where they have been since 1995. If my memory is correct, at some point after Warwick started farming out the RockBass line to Korea and then China, Warwick reorganised the company, and restructured their product lines into the current “Teambuilt” production line and “Masterbuilt” custom shop instruments, and the current pricing structures are very different than what they were in 2003. I believe the restructuring may have coincided with the switch of the RockBass line from Korea to China.
Before the restructuring, there were the regular production line instruments, and the Custom Shop had a menu of custom options that could be ordered, while anything more elaborate would be quoted as needed.
If my memory is correct, production in Germany simply became unsustainable at the current pricing levels, so they dramatically downsized German production and moved it upscale, which is why Warwicks today, particularly Masterbuilt Warwicks, are very, very expensive. A Masterbuilt Streamer LX5 will start at 4.439,00 EUR, while a Teambuilt Streamer LX5 will start at 2.055,00 EUR. A RockBass Streamer LX5 is 839,00 EUR.
I can tell you that I paid about $1700 USD at retail for my 2003 Warwick Custom Shop Corvette Proline (including both Warwick Rockbag Pro gig bag and hard shell case), and somewhere around here, I have the 2002 US Price List from Dana B. Goods, the US distributor at the time. I placed my order in late 2002, and my insturment was delivered in early 2003. Here:
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A Streamer LX5 had an MSRP of $2299 USD in 2002. My Corvette Proline had an MSRP of $1799 USD, before adding the upcharges for custom options.
Warwick has since returned to the wenge necks and brass Just-A-Nut III.