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Having said that, I think it is a thing of beauty - probably my favourite looking guitar I have seen in a long time!
There's a few heavy scratches on the rear of the neck due to an old stand that had a piece of metal sticking out. I used to restore cars in my spare time years ago so paintwork isn't an issue - will wet sand and polish it back up, but other than that it's I'm absolute mint condition.
It's a shame that Tanglewood aren't a reputable brand as this is a gorgeous guitar to play.
I was surprised that they even sold acoustics with an RRP of £1.5k.
Market value probably isn't huge and rarity doesn't necessarily equal value so I guess you have to think about replacement value. Nice problem to have.
Ah well. I wonder who made it.
Anyway, I feel you should insure it for c£2k on that basis.
All you need now is a recognised musician to use it for a few promos and recordings and you can start adding the 00000s.
Does Tanglewood have any signed artists you could approach that are performing on stage not just round a campfire?
As far as insurance goes, that's a question and I think it would need to be professionally valued; an insurance company might happily take your premium and then pay market rate if you actually made a claim.
Some other thoughts:
1. It will have cost more to make a prototype, because the per-unit price would need to include the design and tooling.
2. They decided not to put it into production, so presumably didn't get any hint of viable orders.
3. The fact that it is rare may not mean that it is valuable per-se.
4. Tanglewood is not a brand people associate with high value.
My guesstimate on value, based on the story, would be maybe a monkey.