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This is art and not science and therefore not subject to scientific principles. Music is much more than that imho.
But....
:-)
Were science faced with the issues within this thread it would, in an attempt to remove bias do a Double Blind Trial.
A double blind trial is a method of attempting to remove, some at least, of the bias which enters into all human decision-making when we are attempting to make a choice or decide what is best. On this issue for example, I would, definitely have a bias towards cheaper instruments because I happen to think that I can save money; I don't have enough of it (money) and, anyway, I would probably spend it on other things. Others would have bias because they feel costly guitars bring an added quality for which expending a few extra K is worthwhile. Fair enough. But which is correct for you?
A double blind trial would be done on the minimum number of people to provide the necessary statistical power (look it up - Google statistical p[ower, type 1 and type 2 errors).
To continue. If, for example, they were looking for a dreadnought, they would, one by one and apart from each other, be blindfolded and asked to assess as many dreadnoughts as practical whilst being kept unaware of the name of the instrument they were playing. Then an analysis would be done correlating 'marks out of ten' with the cost of the guitar.
The findings would show (or would they?) that for many the supposed link between perceived quality and cost would be a spurious correlation, as @ToneControl describes above. I'm fairly confident I would be in that group, or at least I would be surprised if I wasn't. There would be another group who were of the opinion that expensive meant better but were unable to demonstrate that ability. And then there would be some people who could do it it partially and finally some, perhaps not many, who could do it consistently.
None of this matters if you are happy with whatever choice you make and have the desire to make it and enough money to spend.
Some I didn't like, some I did, the best left similarly priced Taylor, Martin, Gibson for dead.
When I tried some Martins in the main dealers shop in Denmark St 10+ years ago, the £12k ones sounded as good as my £5k USA ones that I had bought used for half price.
I'll watch these later, don't have time today:
I did something simular. Walked in for sinker went out with an om28.
Now, whether some really high-ticket luthiers would be noticeably better, I don't know. No doubt some do, although I have to say, my first-ever 'good' guitar, a 000 in cedar and mahogany, was handcrafted individually by a celebrated British luthier, and although it looked great, it never sounded particularly amazing.
Btw you can get cracking Northwood and Halcyons (custom builds) imported from USA/Canada for less than factory builds... These guitars (from ex Larrivee luthiers) are astounding. Canadian luthiery is special.
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Equally, the likes of Lowden obviously make spectacular instruments but sonically they just don’t give me what I need
Robustness is also important to me. I don't want to be paying for neck resets and all that nonsense.
Anything over £3k requires a lot of contemplation.
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Those new Martin SC guitars are cool. I also really liked a £250 all blackwood Cort
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