#46
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You've effectively (and literally) purchased stock in Rickenbacker guitars, on the premise that that stock will decrease in value...at which point in time you can turn around and sell for a profit. Been buying and selling guitars for 20+ years now. My advice to people is do NOT buy guitars as an "investment". What I've seen is people buy guitars because they like them, with the excuse that they are an "investment" Now, 20 years down the line...you may indeed sell your guitars for more than you paid for them. My guess is most (if not all) of that "profit" will be the result of inflation. Toss in shipping, storage....... Better to just buy guitar "stock" on the stock market. You can buy stock in good companies now that you can sell for a profit in the future when the "economy turns". It's a much more liquid investment, and it won't take up several rooms of your house.
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"Use what talents you possess; the woods would be very silent if no birds sang except those that sang best." Henry Van Dyke "It is in the world of slow time that truth and art are found as one" Norman Maclean, Last edited by Jeff M; 11-07-2009 at 06:01 PM. |
#47
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This was a 100k guitar in 1990. Seems like a pretty good return to me.
http://vintageking.com/Gibson-1959-Les-Paul-vintage
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Justin Jones (not "and the driving rain".....this one http://itunes.apple.com/us/album/waiting/id305405409 Takamine Santa Fe, Alvarez 5056, Alvarez 5053,Yamaha FG-300, Yairi DY53 1990 (Pecan), Spirit Dreadnought, Yamaha Classical....we wont even start on the electrics. |
#48
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If nothing else this has been a VERY interesting thread. I've often thought about other ways to invest wisely and profitably outside of the stock market.
High end watches, cars, guitars - collectibles of various kinds CAN be bought and sold for profit. I think the trick is you REALLY have to know what your looking at, in essence becoming a true expert at identifying makes and models you KNOW can be sold for such and such a price. You will NEVER make money doing this by buying from ebay or other dealers. The only way this could possibly work would be private sales below market value - then some clean up / fix up and flip or hold and sell. The other thing is, unlike stock which you can track every day, you really never know what a guitar is going to sell for, so it's very hard to judge the progress of your portfolio. You never know your real return until you sell. If your investing a fictional $100,000 - you have probably have to purchase about 10 - 20 or so "rare" or true "vintage" guitars from private sales at below market value and then sell them at a profit. The really big increases only come after decades - the more rare a model becomes the more it is worth. On the other hand, a really good stock pick can provide a 1,400 percent return in less than 10 years. Need an example? Marvel corporation. This stock bought in 2002 would have made a near 1,400 percent gain by 2009. Are there others out there like this - well not many but a few. So unless your willing to put in years of study into guitars, I would not bother. You can "buy" great stock advice easily by getting a simple stock newsletter like Motley Fool (who by the way recommended Marvel in 2002). I doubt you can buy that kind of advice about guitars. Do it for fun? For sure !! For profit? Not likely. It would quickly become just another job.
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_____________ Collings D1H Custom Collings D2HA Collings OM2H Custom |
#49
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And Microsoft was a heck of an investment back when it first came out. And Intel. And...etc.etc.etc. I'm sure there are some guitars you could buy today that in 40 years will be worth a lot lot more. The problem is predicting which ones those are...and being able to wait that long. FWIW, the Dow Jones Average in 1959 was somewhere around 600. It's around 10,000 today. Approx. a 1600% increase. Now...if you could predict exactly which stocks would have been the best to invest in and hold onto back in 1959...akin to knowing exactly which guitar model to buy and hold onto....the profit would have been even greater. Or...to put it another way.... have you purchased a guitar confident that it will be a good investment? What brand / model? How many? If one...why only one?
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"Use what talents you possess; the woods would be very silent if no birds sang except those that sang best." Henry Van Dyke "It is in the world of slow time that truth and art are found as one" Norman Maclean, |
#50
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#51
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Lots of opinions in this thread. Not too many facts
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#52
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Bought each of them because I liked the way they sounded and played. The potential for investment never entered my mind. At various times I could have turned around and sold maybe 6 for a profit during the entire time I owned them. At this present time, I can sell maybe 2 or 3 for a profit. Guitars built by 2 of those builders. In the future...who knows? The vast, vast majority of guitar players have never heard of many builders that we consider to be (for whatever reasons) the "best of the best". Folks like Somogyi, Traugott, Kevin Ryan. Some other builders with top notch reputations that I suspect even the more "initiated" are unfamilliar with...Bruce Petros, Kim Walker, Julius Borges, John Monteleone, Dudenbostel, Kathy Winger, Stefan Sobell, Tippin, David Eichelbaum.....etc.etc.etc. Who will be buying these guitars? There are many excellent custom builders building today. The question is.....will their reputations grow over time, or will they get lost in the flood of other excellent builders selling to what is a very limited, specialized market? As I don't buy guitars for investment purposes, it is really a moot question for me.
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"Use what talents you possess; the woods would be very silent if no birds sang except those that sang best." Henry Van Dyke "It is in the world of slow time that truth and art are found as one" Norman Maclean, Last edited by Jeff M; 11-07-2009 at 08:35 PM. |
#53
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Opinion based on personal experience here.
If you are aware of any statistics showing how the "guitar market" has performed over the years I'd be interested in seeing it. My guess is it would be very specialized..ie, looking at a few models such as a '59 LP, and over a long period of time (decades). Hard to project from a few examples to an entire market. Be like taking the best performer in the stock market over the past 50 years and projecting to the market as a whole. Re; facts... if it is indeed the case that shops are selling new Vintage Series Martins for 50% off MSRP, it should be possible to provide a link to those sites. And if used Vintage Series Martin's are being sold for more than what new ones are selling for, links to those sites should be available also. Just spend some time looking at our classifieds section. The number of, not only Martin's, Taylor's, Gibson's, etc. that sell well below what they were purchased at, but many many "high end" custom built guitars that don't sell for anything near what the original purchase price was.
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"Use what talents you possess; the woods would be very silent if no birds sang except those that sang best." Henry Van Dyke "It is in the world of slow time that truth and art are found as one" Norman Maclean, Last edited by Jeff M; 11-07-2009 at 08:38 PM. |
#54
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I would like to know where to buy at 50% off.
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#55
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"Use what talents you possess; the woods would be very silent if no birds sang except those that sang best." Henry Van Dyke "It is in the world of slow time that truth and art are found as one" Norman Maclean, |
#56
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http://vintageking.com/Gibson-1959-Les-Paul-vintage
This guitar sold for 100k in 1990. No opinion there.
__________________
Justin Jones (not "and the driving rain".....this one http://itunes.apple.com/us/album/waiting/id305405409 Takamine Santa Fe, Alvarez 5056, Alvarez 5053,Yamaha FG-300, Yairi DY53 1990 (Pecan), Spirit Dreadnought, Yamaha Classical....we wont even start on the electrics. |
#57
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I have facts and records on how you can make [some] money on used guitar market while enjoying the process . I am not about to discuss details in open forum, but if someone is seriously interested, I can share it in PM.
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Is there a life beyond the third fret?! |
#58
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So? If you were around back then, why didn't you a handful of them? Can we safely assume that there is some stock out there, or piece of property...or art work, or....guitar....that will appreciate as much over the next 50 years? Why haven't you bought all of that stock/art/property/guitar that you can? Do you think that people invest in things that will lose money do so on purpose? Why don't they always invest in things that will increase in value? There is that little problem of being able to predict what is a good investment and what isn't. Hindsight....20/20.
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"Use what talents you possess; the woods would be very silent if no birds sang except those that sang best." Henry Van Dyke "It is in the world of slow time that truth and art are found as one" Norman Maclean, |
#59
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I think a lot of people are confusing true investing with buying and selling used guitars for a profit.
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#60
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I dont personally buy guitars for investment purposes.
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__________________
Justin Jones (not "and the driving rain".....this one http://itunes.apple.com/us/album/waiting/id305405409 Takamine Santa Fe, Alvarez 5056, Alvarez 5053,Yamaha FG-300, Yairi DY53 1990 (Pecan), Spirit Dreadnought, Yamaha Classical....we wont even start on the electrics. |