My son has a First ActThe acoustic I keep at work to mess around on is a First Act something or other. I got it free but I think the new value is less than $40. It won't stay tuned longer than one song.
Almost broke it trying to mildly set it up. Our patients beat the hell out of it and that's exactly why it's the one at work and not something even remotely more expensive.
It's in parts right now -- so it doesn't count against my total -- but a VH1-branded Squier 51 that I will eventually refinish in sparkle silver (or gold or black or red or green ... some sparkle color) and drop a full-sized Duncan P-rails and a Lil 59 neck into.
Cost $50, plus another $100 for the pickups (used).
I'm betting that five years from now, it still isn't together and refinished...
This Hofner Club was 229 new as a blowout item. It is actually a really nice guitar.