I still have my first guitar...an EKO Ranger 12 string which I got from a mail order catalogue in 1966 for the princely sum of £34 (including a hard case). The varnish is badly cracked on the face now, but I still play it occasionally. It's been a faithful old friend and I'd never think of selling. I'd consider having it refinished, though I guess the cost would be prohibitive.....