Guitar players guide for buying collectible guitars.
- Exercise caution when speculating on collectible guitars. Retail dealers will sell them at market price and buy back the collectibles at pennies on the dollar depending on the market.
- Insurance and storage costs can eat up the investment gains over a period of many years.
Do not buy into collectible markets all at once. Guitars are not traded or scrutinized on a public exchange system, so values may be hard to determine.
- Do not buy collectibles with money you may need now. A guitar can be hard to unload fast in this economy if you need emergency cash.
- Try to avoid putting lots of money into popular collectibles, the prices will become inflated because every one else didi too.
- Buy collectible guitars you enjoy playing, at least when it comes to guitars. At least enjoyment can make price fluxuations somewhat bearable.
As a matter of interest, a 1959 Vintage Sunburst Gibson Les Paul was worth 55,000 dollars in 1991, now it’s worth 420,000 dollars, if the market was healthy..
That is what I would consider before I laid out a bunch of doe for a collectible guitar. For me, I’d rather make my own collectible or relic guitar by playing it a lot. Or, building my own guitar, which I’m in the process of doing at a slow rate. Perhaps you read my post on the big Black Walnut log I procured for the job. Good Luck and Enjoy..