How are hand made acoustic guitars categorised in prices

Not sure why one guitar is expensive than the other. Some of the guitars are same make and model and still prices differ, I know one of the reason could be the quality of the wood it’s made of, but why does the prices differ so much?

I asked these questions to few people, which included, my friend, my colleague and a guitar seller, and they came up with the following answers. Continue reading How are hand made acoustic guitars categorised in prices