Rare 1938 Gibson Advance Jumbo guitar brings $53,775 to lead $1.43 million Heritage Vintage Guitar auction

November 2, 2011
img An exceedingly rare 1938 Gibson Advance Jumbo Sunburst Acoustic Guitar, also known as “The Bone Crusher” for its legendary sound quality, surpassing the Herringbone Martins of the pre-war era, realized $53,775 to lead the way in Heritage Auctions $1.43 million Vintage Guitar and Stringed Instruments auction on October 21, 2011.
More than 800 bidders vied for the 534 lots in this auction, translating into a 96% sell-through rate by overall value. All prices include 19.5% Buyer’s Premium.
“What we’re now seeing in our guitar auctions is that the pieces we’re offering are realizing full retail value andbetter on virtually everything,” said Mike Gutierrez, Consignment Director at Heritage Auctions. “Stores and shows have struggled in the soft economy while this auction was one of our most successful events across the board, with a wide contingent of international collectors vying for several of these instruments.”
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