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Most of the lists I've seen in this regard are all limited to rock and roll guitar players, and most, if not all, of them put Jimi Hendrix at the top. (Although I've never understood why; I guess I've just never cared for Hendrix's style.) Hendrix was at the top of Rolling Stone Magazine's top 100 list recently.
There was a local radio talk show that took up that question a couple of years ago, and the host, one with rock and roll "blinders", totally berated a caller who suggested that Chet Atkins should at least be considered for any top-ten list. I've always liked Chet Atkins, but this particular host disagreed. I guess he didn't realize that Chet Atkins made Eric Clapton's list of the top ten, and that he (Chet Atkins) also released a duet guitar album with Mark Knopfler, who also makes many of the top ten lists. So I took challenge as well (although I didn't call in), because, in my opinion, Atkins belongs on the top of the list.
I consider myself very open-minded and diverse when it comes to music, as I like "almost" all genres - rock and roll (which is a pretty big umbrella), country-western, jazz, big-band, rhythm and blues, classical (also a pretty big umbrella), and a lot of "pop" from different eras. (A lot of you know my affinity for the Beatles, for example, but right now, as I type, I'm listening to Merle Haggard - man, no one can sing a country song like the Hag, except, of course, Conway ......or Loretta.......or Reba.........or George - Jones or Straight.....or.....)
My top-ten list of the best guitar players, living or dead (and, in some cases, why):
Disclaimer: Some of these may not be the absolute "best 10", but rather my personal favorites. Moreover, as I'm tired of shuffling the list, it is not necessarily in any descending or ascending order, but rather people who just made the list.
1. Chet Atkins - for the most part, people play one out of three guitar styles - the styles being lead, rhythm and bass. A really good guitar player can play two of them at the same time on the same guitar - bass and rhythm, or lead and rhythm, for example. But Chet Atkins could do all three at the same time. Music originating from his fingers could sound like three people playing, but it was only him. Moreover, he was selected by both Mark Knopfler and Eric Clapton as a guitar player they would select to play in any of their recording sessions.
2. Mark Knopfler (Dire Straights).
3. Stevie Ray Vaughan. One of the best, if not THE best, blues guitarists ever.
4. Eric Clapton.
5. B.B. King.
6. Roy Clark. Lightning Fingers, the title of one of his albums, describes his talent quite well.
7. George Harrison. Listen to some of his acoustic work on the recently released anthology CDs. He really could make his guitar "Gently Weep".
8. Jerry Garcia (Grateful Dead). Did you know that Jerry Garcia plays the steal guitar on Crosby, Stills, Nash, and Young's "Teach Your Children"? He was pretty diverse, and could play a lot of different styles.
9. Chuck Berry. Rock and Roll maybe started with this guy, and how many guitarists who came after him also became the "best" by emulating his style?
10. Les Paul - How could any list be complete without the person who invented the electric guitar? Besides, he was damn good.
P.S. I love to listen to good classical guitar, but don't know anyone in particular to put on the list.
P.P.S. I could easily put twenty names in my top-ten list.