I'm lowering the price to $5000 since people seem to think this is at the top price range. The original finish that Papazian used on all of his guitars was a commercially available (out of the can) oil varnish that he added resins to, to change the color. This finish almost always started to show crazing after a few years and people either live with the imperfection or have it refinished. French Polish is superior finish in every way to the original finish. Papazian also put on a really cheap tuning machine (I think they were Kolb or something like that name) and the roller spacing was non-standard 35mm. So, anyone buying a Papazian stock usually ended up having the tuner holes filled and re-drilled for standard tuners, which is what I had master guitar maker Stephen Kakos do. The tuners are the new Sloanes that have ultra-smooth bearings on either end of the rollers. These tuners are much nicer than the older design Sloanes and the French Polish finish also opened up the sound and now this guitar is much louder, but still has the Papazian sound. It's also important to note that Papazian ran out of a good source for old Brazilian rosewood and European spruce in the later 1970s, so this guitar is even more rare. I've seen later versions of his guitar that say they are Brazilian, but they are another wood that doesn't sound like this guitar does. Given that this is one of the older guitars from the 1960s and it's in near perfect condition for a guitar that is this old, this is really a great deal. If I didn't need money more than I need another guitar there's no way I'd sell it.
An eyewitness will often only see what he already believes to be true.