This is a new, B-stock guitar, sold with warranty and full Alvarez setup. The binding has discolored prematurely and is a dark cream/light yellow, and not ivory as intended. It has the look that an older, vintage guitar binding would feature. This Masterworks Grand Auditorium is a stunning all-solid guitar made from AA North American Sitka and Black Walnut back & sides. It's fitted with the wonderful LR Baggs VTC system, and finished in a stunning shadowburst. - Solid AA North American Sitka Spruce Top - Solid hand selected black walnut back & sides - LR Baggs Element VTC w/soundhole console - high closs, thin poly Shadowburst finish - Satin finish mahogany neck w/dovetail joint - Indian laurel fretboard - Mother of Pearl inlays - Bi-level Indian laurel bridge - Real bone nut & saddle - D'Addario EXP16 strings - Scale length 25.5" - Nut width 1.75"