An EMG ? (Auction).

[Steve]

Yes, very cheap, although the correct four-spring soundbox would add another £1,000 plus. Did I detect woodworm in the case ?

I agree with you, Graham. If that isn't worm it certainly must have been heavily paint splashed at some point.

I think the lack of soundbox, either worm or paint damage and the droopy horn contributed to the lower price point.