DISCLAIMER: I am in no ways a professional salesman. This is data collected by me off the internet for the past 15-20 years on these guitars. This is my own research and work I've done to figure out a good ballpark value for each instrument this site is about. No guarantees, no warranty, your mileage may vary (YMMV), use info at your discretion, I make no claims to being 100% perfect on this. I make no claim as being a 100% full blown expert on guitar sales - this is just to help out.

Something I get the occasional e-mail about is the value of the Hondo Paul Dean models. So I've decided to tackle this myself and see where we go since information on the web is minimal and I feel like I've seen enough auctions and sales online that I feel I have enough experience to be of help at this point.

ODYSSEY PAUL DEAN (1982-1983) - around $800-2000

I have no personal experience with the Odyssey models. This makes it hard for me to gauge on my own as there are something like 45-50 in the world. You might want to inspect it as quality can be hit-or-miss in a modern Gibson sort of way. I've been told one had a bridge that was "leaning forward" throwing the intonation off, but then I've seen some that look better than any guitar I've played, granted this is from photographs, and being as I'm one whose played some $15,000 vintage guitars before, and some $3000+ hand-built customs (Tom Anderson, PRS) that's saying there's a pretty wide margin. One Odyssey worker back in the 90's posted online that these were "plagued with screwups" but it seems the screwups were limited to just some of them if it was not just someone being a disgruntled jerk.

My figures are based off of other Odyssey guitar models I've seen online, including a Flying V that I saw that MIGHT be from the period the Paul Dean guitars were made based on it's features (Leo Quan bridge, DiMarzio Super II x2). Odyssey guitars were very limited production, very limited distribution (mostly in Vancouver BC), and were only made between circa 1978 and 1984. Attila Balogh (the master craftsman of Odyssey Guitars) died in the early-mid 1980's and the brand was gone by 1985 at the latest or so I've read. The Paul Dean guitars are also very rare, between 45-50 made. Paul has said he owned one or two himself, and a few people have popped up online with them over the years. I'd say $800 would be in poor condition (ie Fire damaged, heavy smoker, broken, missing original parts, or heavily cut up/modified) and $2000 would be something like an all original mint condition one probably with the band's signatures on it as it would be a memoribelia piece to Loverboy fans.

HONDO PAUL DEAN II (1983-1985) - around $150-500

The Hondo Paul Dean II to me is a mid-level guitar, like a Mexican Strat at least and a lower-end $800 USA made Fender, with build quality on par with a modern Mexican or older Fuji Gen Gakki (1985-1997) Japanese Fender. I own several Japanese Fender guitars and the Paul Dean II is a rock solid as any of those, and the limitations off the factory floor are pretty much the same (maybe want to upgrade the pickups, pots, and jack, but the tuners and main chassis and hardware happens to be VERY rock solid). Hondo pickups in them. A mint, factory Hondo Paul Dean II with DiMarzio Super II "box style" pickups could fetch as much as $500, but I'd probably go more like $425 or $400 because that makes it more likely to sell than $500. My speculation is the early ones with the script were JApanese (Matsamoku) and the later ones were Samick.

I'd say $150 would be for a beat up Paul Dean II missing parts or with heavy modifications made to it. It would still sell for that much because it's rare and $150 is not too much money. $200-350 for a stock Hondo pickup model, and $325-500 for a DiMarzio Super II model. Adjust also based on custom options as these guitars MAY have shipped with Grover Rotomatics in place of the excellent stock Sealed Gear tuning machines. Hondo allowed for a few custom options from the factory, with the most common on the Paul Dean II & III being Grover Rotomatics (III) and DiMarzio Super II epoxy sealed pickups (II).

HONDO PAUL DEAN III (1983-1984) - around $200-500

The Paul Dean III is rarer than the II as it was only made for ONE year, and is available in other colors than cherry, with the most common being black/red Zebra Stripe with a white pickguard (tobacco Sunburst with a veneer maple top has also been seen). $200 for a stock example with some wear and tear on it, and $500 would be a pristine one with hardshell case and Grovers and custom pickups. It seems the average Middle Ground Paul Dean III has the no-name sealed gear tuners, in Zebra Stripe Red/Black, with Rosewood board - those would be comparable to the Paul Dean II with the hondo pickups in it - $275-350.00 as they are much more rare.