Martin Value Guide · October 2026
Martin D-45 Value Guide: Prewar And 1960s Guitars
A Brazilian-rosewood Martin D-45 from 1968 or 1969 is approximately $35,000 to $60,000, depending on condition and originality. Original prewar D-45s require individual appraisal.
Comparison Photo: 2005 Martin D-45
Original prewar D-45s and the 1968 to 1969 revival. Modern reissues, conversions and D-45S variants need separate comparisons. Compare The Authentication Guide.
Current Value Ranges
Estimated retail values in U.S. dollars, as of October 2026. Condition and originality affect the final value.
| Model And Period | Estimated Retail Value (USD) |
|---|---|
| 1933 To 1942 Original Production | Individual Appraisal |
| 1968 To 1969, Confirmed Brazilian | $35,000 to $60,000 |
| Late-1969 East Indian Rosewood | Separate Appraisal |
| D-45S, Conversions Or Artist Provenance | Separate Appraisal |
The range depends on condition and originality. Dealer purchase offers and consignment proceeds differ from retail value.
Condition And Originality
Original top, neck, finish, pearl work, bridge and bridge plate carry substantial weight. Extensive restoration can put a guitar below the stated range, while exceptional originals can exceed it. Factory D-45 identity, conversions and documented artist ownership need separate assessment.
For the broader comparison, read how repairs and changed parts affect guitar value. If the finish has been changed, the refinish value guide explains full and partial work and why an acoustic needs its own assessment.
Your Martin's Model, Year And Condition
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Send photos of the instrument and any repair records for an assessment of your guitar. You can read about Joe Dampt and the instruments he buys before getting in touch.
Photo Credits
Photographs from Joe's Vintage Guitars. Comparison photographs are labeled and do not depict the exact model being valued.