Paul McCartney‘s long lost bass, the famous Hofner 500/1, has finally been returned to the Beatle after being missing for over 50 years. “Following the launch of last year’s Lost Bass project, Paul’s 1961 Hofner 500/1 bass guitar, which was stolen in 1972, has been returned,” a statement on McCartney’s website reads. “The guitar has been authenticated by Hofner and Paul is incredibly grateful to all those involved.” McCartney originally purchased the instrument in Hamburg, Germany, in 1961, using it often for live performances in the early ’60s as well as on the Beatles‘ first few albums. READ…