This not-so-special-looking Mustang bass sold for $384,000. Introduced in 1966 at just $189.50 (about $1,600 today), that’s a big markup for the historic and collector’s value it accrued on tour with the Rolling Stones.
In our capitalistic world, there’s usually one thing that rules it all: money! The site ventured.com features statistics and lists relating to the value of just about anything, and that includes the most expensive basses ever—right next to the most expensive fish and banjos. So, is this list full of the most cutting-edge instruments with advanced technology, giving us a glimpse into the evolution of the bass guitar?
Well, the basses at the top of the list do not give us that impression. Instead, they’re rather old tech. In first place is a 1969 Fender Mustang played by Bill Wyman on the Rolling Stones’ 1969 and 1970 tour, which sold at auction for $384,000. Of course, the Mustang was originally designed to be a budget bass, featuring racing stripes to appeal to young students.
The second on the list is a $250,000 luxury bass made from “premium materials” by luthier Jens Ritter, featuring 24-karat gold inlays and hardware, plus knobs topped with diamonds. It might still be a good, well-playing bass, but that’s obviously not where the money went.
A Hofner 500/1 sporting Paul McCartney’s autograph is third on the list of the most expensive basses ever.
Photo courtesy of wikimedia.org
In third is another collectible piece: a Hofner 500/1 Violin bass signed by Paul McCartney, followed by James Jamerson’s 1961 Fender Precision. The list continues with either signature models, ornamental inlays, or sought-after, rare custom colors. The Rickenbacker 4005 “Lightshow” bass, featuring lights all over the body that change color based on the notes played, even makes an appearance.
This list is further proof that it’s the story of a bass—its origin, rarity, who owned it, or who signed it—that drives its value more than innovation. And, of course, it’s collectors and not players that spend that much cash. But what if all those efforts would have gone right into a musician’s practical or tonal needs?
Our basses have to be visually appealing, and it’s fun for them to have a cool story, but instruments aren’t just collectibles or fashion, and a little innovation here and there wouldn’t hurt—especially since so many manufacturers’ sites praise exactly that. Every other industry accepts R&D as a cost factor that customers must pay for. The music industry instead invests in either cost savings or ornamental luxury, keeping customers amused with an ever-recurring cycle of fashionable items. And besides tradition, fashion is often the real enemy of innovation.
Besides tradition, fashion is often the real enemy of innovation.
Remember those optical pickups from “A Closer Look at Optical Pickups” [May 2021]. An evolutionary product that requires an idea and costly efforts in R&D and, finally, patents? Or how about Just L. Pauls from Spain, who, almost a decade ago, thought he invented a 3D pickup and convinced his family to spend a small fortune on the patent? In the end, there was no money for a good website or even a demo musician and the project soon folded. What innovation will come along and actually succeed at capturing our imaginations and finding an audience?
On a personal note, this is the 120th Bass Bench column, which means it’s been running for exactly a decade now. It’s time for me to take a break and focus on my main business and get down my backlog that has skyrocketed in recent years.
It wasn’t only 120 deadlines to meet, but also some details I wasn’t super-interested in and never intended to learn about, but had to, knowing it was going to meet an expert audience. In the end, it has helped me to connect a lot of dots, both historically and technologically, which I’m extremely thankful for.
A huge thanks to all the great people at PG for allowing and helping me to do this, and to all who commented and read what I had to say. I feel honored I could do this, and, who knows, maybe—or hopefully—I’ll return at some point. Thank you!