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Aug 2, 2021 - 11:59:53 AM
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1466 posts since 3/1/2012

How will the big price on the Levi Brown banjo effect the used banjo market?
Will every seller be expecting more now?
Or… if there are suddenly a lot of old banjos on the market, will supply and demand dictate that prices go down?

Aug 2, 2021 - 12:11 PM

12160 posts since 6/2/2008

I'll bite:

What was the big price on what Levi Brown banjo?

While I'm asking: What is "the" Levi Brown banjo?

Aug 2, 2021 - 12:30:23 PM

4738 posts since 5/9/2007

Collector 

Edited by - mrphysics55 on 08/02/2021 12:37:31

Aug 2, 2021 - 12:35:19 PM

1198 posts since 1/9/2012

Aug 2, 2021 - 12:51:05 PM

6433 posts since 9/21/2007

20K, was the total the selling price.

I think there are only 4 others that are known, but I could be wrong about that number.

Unless you have a Levi Brown, I doubt anything will change with the typical classic era banjo prices. But it might invite counterfeits at that price.

Aug 2, 2021 - 12:54:10 PM
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heavy5

USA

1823 posts since 11/3/2016

I'll have whatever you are all drinkin !

Aug 2, 2021 - 1:18:18 PM

1575 posts since 2/9/2007

It's a very rare, historically significant piece. Loar-signed F-5's are a lot more common, and one of those can sell for 10x that much.

Aug 2, 2021 - 1:46:34 PM

1198 posts since 1/9/2012

quote:
Originally posted by Joel Hooks

20K, was the total the selling price.

I think there are only 4 others that are known, but I could be wrong about that number.

Unless you have a Levi Brown, I doubt anything will change with the typical classic era banjo prices. But it might invite counterfeits at that price.


Ah, ha. $16k plus 25% to the autioneer in the fine print?  Thanks, Joel.

Aug 2, 2021 - 2:29:26 PM

1247 posts since 3/21/2013

honestly, considering the very niche market for fretless minstrel style banjos and the even more niche market of the collectibility of such and knowing the historical information, I dont see this effecting the overall market at all. The collectors corner post alone showed how little is known except those who know already, and it also showed that many are completely unaware such banjos were made.

What i would hope it would do, however, is provide makers of reproduction instruments, such as Jim Hartel, some more inspiration to perhaps broaden their offerings for more historically documented marquestry work within their own offerings. I think the wonderful pictures from this auction should be documented, at least where future banjo players and luthiers can utilize this and add to thehistory of the minstrel banjo, which is a forever growing area. I really have my fingers crossed, whomever purchased this is a player and will document and/or share for all to enjoy sometime in the future here on BHO or at the yearly gathering.

Aug 2, 2021 - 3:56:17 PM

Bill Rogers (Moderator)

USA

25156 posts since 6/25/2005

What made the sale unusual and likely raised the price is that the banjo was available for cash on the open market. Typically, the 19th c. highly collectible banjos are the subject of private transactions that very often involve banjo trades—with or instead of, cash.

Aug 2, 2021 - 4:42:16 PM
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1506 posts since 5/19/2018
Online Now

Small ripple. It brought a level of awareness to a few hundred, maybe a few thousand more people that banjos of this period are valuable and highly collectible.

It will cause a few folks who have somewhat similar looking instruments to overvalue what they have and put them on the market for extremely inflated prices where they will sit for years.

That particular instrument was as unique as they come. One of a kind. The selling price reflects that.

What surprises me more are the prices that Gibson parts banjos are going for. Now that’s a completely different thread...

Beautiful instrument. Glad I got to see at least pictures. If it went to the right person, maybe a few of us will get to see it up close.

Edited by - Alvin Conder on 08/02/2021 16:46:59

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