An investment in
playable history.
The Karasik Mandolin Project’s goal is to preserve Ely Karasik’s January 5th, 1923 Lloyd Loar-Signed F5 Gibson #71839. While doing this, I also wish to to share the instrument with a variety of mandolinists that would otherwise not have access to a Lloyd Loar. This has been done by taking the mandolin to festivals, events and concerts, and getting video footage of the mandolin being played. The videos have been released on a weekly basis since January 2022.
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The mandolin is going to be sold at $107,500. This value was determined by getting two appraisals done on the mandolin, one by Gruhn’s Guitar and the other by Tony Williamson at Mandolin Central. These two numbers were then averaged to determine a fair sale price. Investments will be for 10 years.
After 10 years the mandolin will be sold at the new appraised value and the profits will be shared between the investors. As curator of the mandolin, Emily Wilson will be responsible for care, maintenance, and insuring the mandolin. Emily will also have the mandolin reappraised every two years. She will continue to upload regular videos on the Karasik Mandolin Project YouTube channel.
There will also be an annual investor meeting where the mandolin will be available to be played by the investors.
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