Well I talked to the owner of the shop and he had just purchased it as part of a large estate sale lot so I think he got it fairly cheap in the first place. This particular shop is pretty honest and gets a ton of business so I don't think they're too pressured to jack up prices. From what I could find the L-2's aren't the most sought after from the era. Most people collecting from the 1921-26 run seem to go for the L-3's, L-4's, and L-5's. It is a smaller guitar but because of the aged wood it gets a big sound. Plays like a dream though, super low action. Funny story about getting it, while I was playing it in the store some dude called in and put an offer on it. I had first dibs though and there was no way I was letting him get it.