Ryoji Matsuoka M25 (1977) Classical GuitarThis beautiful guitar was handmade and signed by the master luthier himself in Japan in 1977. The original price was 25,000 yen in 1977 when the annual average annual income was about 70,000 yen, which is about 18 weeks' wage. This guitar is part of the concert series. The same guitar was re labelled as No. 30 in 1976, As No. 40 in the late 1970s, as M50 in the 1980s, and M60 in the 1990s. This No. 25 is a much higher grade than the higher grade made