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RALEIGH, N.C. (AP) — A North Carolina music shop has recovered three vintage banjos valued at more than $16,000 that turned up at an auction house the day they were stolen.
Ed Lowe of Lowe Vintage Instrument Co. says the banjos were stolen Wednesday while his son helped another customer at their Burlington store. Lowe believes the customer was in cahoots with the thief.
He says the most valuable is a 1930s-era blue Gibson RB-11 valued at $8,995. Lowe says it's particularly valuable because Gibson wasn't making many five-string banjos then.
Lowe says the thieves sold the banjos to an auction house in Greensboro, which then called Lowe to find out if he wanted to purchase them. He says his son and the store's co-owner, Will, drove to Greensboro and picked up the banjos Thursday.
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This story has been corrected to change Lowe Vintage Instruments to Lowe Vintage Instrument Co.
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