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Question: Why is this bass worth $24,000?

They want to retire off of one sale. This is why I won't buy vintage from most dealers. There are a few that really understand what they have and it's real value.

You can retire off 24k? Thats not even the net margin. We have no idea what they paid for it, and how long they have had it. They are paying tax on that as long as its in stock.
 
I understand how market forces work. But I am yet to see why, as a playing instrument, they are worth that much coin. If you're rich or a collector, or nostalgic for one because you couldn't afford it when you were young, and can now, awesome and I hope it brings you much joy.
So I think that covers the OPs question.
If the seller is asking what I think it's worth to me... I buy it.
This one has an extra zero.
That being said... I have spent quite a bit on instruments and to address the comment here about having an instrument worth so much coin...
I play my instrument more than I drive my car. It makes me money and has paid itself off many times over - I cannot say the same for my car.
If I am willing to buy a car as a toy that I can't even drive all year, and it never does anything except drain money... Why wouldn't I pay a hefty amount for an instrument that I play more, have fun with, and I regularly make money with?
It's just a different viewpoint I guess...
(And I know people will be upset that I said that bass is only worth $2400 to me... But honestly, that's being generous. )
 
Maybe for a collector that would work, a well heeled collector that is.

For me, I buy basses to play, this is of course way beyond my budget and I could buy a great P Bass at a fraction of that asking price.

If you’re into vintage, that’s great but no one is really going to know the difference between that and a modern iteration.

It’s all in the eye of the beholder I guess, if that’s what you want, then that’s it.
 
It's a custom color, all original, pre-CBS Fender. That being said, the value is, of course, only what the market ends up paying.

For my money, the bass isn't worth it. Were it a '60-'61 stack-knob Jazz in a similar custom color, original state, and condition, I'd shell out the cash if I had it to burn . . . No question. The market tells me that I'd have to pay considerably more, though. I'm not a Precision guy however , although I own several. For the right buyer it might be a no-brainer.

As to the anecdotal reference to the seller, they are in business to turn a profit. What's reasonable? On the face of it, it would seem that the seller is not, but I don't know their actual overall profit margins. I'd probably be hesitant to do business with them unless I came across a very good deal for me.

TL: DR - Not with my money, it isn't.
 
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"excellent, 100% original condition"
This thing is beat-up pretty good. I would not pay that asking price if it were in perfect, factory fresh condition.

This is my point, and the reason for my question. What's so special about the '63 Fender P Bass in this condition that warrants asking $24,000 for it? Is there something about it? Did they not make that many? Or, is this priced for someone who has more dollars than sense, knowing other people who hate money have paid that much for a bass like this? What do these normally go for?
 
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There are plenty of people out there for whom 24K is a rounding error on their annual entertainment budget, who couldn't care less whether the next trinket they click to buy costs 24K or $240. This is a fishing attempt to reel in one such whale. My wife once met a person who had a gig as a personal commercial artist for a global music celebrity....she got paid an annual salary to do things like "design unique logos for the napkins, towels, linens & butter stamps (yes, a butter stamp is "a thing") " at each of this celebrity's numerous homes around the world. When the boss as invited to a party at an NBA star's house, the employee was tasked with finding a suitable gift "for around 25K". This would have been the perfect one....sold :)
 
So, how do you get to the place where you earn your money?
Put on Slippers and go upstairs.
I did mention buying a car as a toy.
I have 2... I payed more for the toy.
The grocery-getter is still cheaper than some of my basses...
Not cheaper than the Mikro though.
If your car cost less than a Mikro...
Man... please don't buy a $24000 bass.
 
Agreed, that it's a collector instrument, not a player. (Assuming the 100% original assertion is accurate.) So...it's priced for a collector's budget. I'd figure there aren't that many left, in that condition.