Regarding the information Patrick posted.
Two months back I asked Patrick a bunch of questions on how to take some decent looking photos.
Using his advice and staying within my limited budget.
I picked up a black poster board, Ultimate Guitar Stand. I used my Spector shirts as the bottom black.
Put everything up on my Kitchen Island. Set up 2 spot lights with Florescent blubs.
I didn't use any black sheets in the back, which I regret now since I see the reflections coming from my upstairs living room lights.
(If you look close on the photos, on the left side of each bass it is lighter because of this.
If you look at the NS-2J right above the upper J Pickup on the E string side you will clearly see how it is lighter as that is the reflection of my computer monitor reflecting down from the living room.

)
But it is defiantly a learning process.
I used a Nikon COOLPIX P300 camera
(4.2 x x Zoom lens - 4.3 mm - 17.9 mm - F/1.8-4.9
Focal Length Equivalent to 35mm Camera 24 - 100 mm)
on a Tripod and took a bunch of photos at different exposures.
I cheated and used the auto white balance.
On the Left is a scaled down quick shot before running through Photoshop Elements9 (The cheap version of Photoshop) On the Right are the photos after I did some adjusting with Photoshop Elements9