Lots more relevant experience, but I can say my wife had a Giannini classical that her first husband had hand picked for her. It was covered in finish cracks (they lived in Denver) but had exceptional wood, was very playable, and was a great guitar. He was a young, brilliant, incredibly talented young man who died of cancer at 21, but his expertise in guitars leads me to think this was a very deliberate decision.
The guitar was stolen from us in '83, but I can still recall it very clearly. The only Giannini I've since seen was a flat top in a pawn shop several years ago - back and sides intact but the top was caved in and needed rebuilding.
So, sorry for no help on the value, but I do have very positive thoughts about the brand.
Best of luck,
Phil
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