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May 2004
Posts: 295
Location: Ottawa, Ontario, Canada | Where are all those guitars selling in the five-figure range going?
I was scrolling through the on-line inventory of The 12th Fret, a Toronto music store that sells a lot of high-end acoustics, including a lot of "boutique" guitars. It seems everything they get in stock with Brazilian backs and sides is almost immediately slapped with a "sold" sticker. Even the non-Brazilian stuff - "boutique" arch-top jazz guitars and such - go like hotcakes.
The prices aren't listed, but you can tell from the descriptions that these things are $10K, or $25K, or up.
I can only assume that most of them are being grabbed by collectors and speculators with money to burn. I hope at least a few of them are going to people who actually love to play the guitar and have dedicated themselves to learning the instrument. |
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December 2001
Posts: 7247
Location: The Great Pacific Northwest | Europe and Japan |
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May 2004
Posts: 338
Location: Toronto | The 12th Fret - the best experience a person can have!!! The best music store I have ever had the pleasure of walking into. These guys know there stuff, do incredible repair work, and are good to deal with. And like Duncan said, on any given day of the week - you have no idea what kind of wonderful you'll find in the store!!
Check it out if you get a chance http://www.12fret.com/ :D |
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August 2003
Posts: 2246
Location: Yucaipa, California | Where are all those guitars selling in the five-figure range going?
Next time you get a chance, watch George Strait in Concert... his $$$$ Martin is just a necklace.... they are becoming medallions :rolleyes: |
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December 2001
Posts: 10583
Location: NJ | they are certainly not coming to my house |
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July 2004
Posts: 338
Location: Omaha | I've ALMOST convinced my wife that vintage guitars would make a better investment for our kids' college than the mutual funds we have (that still haven't recovered from where they were at six years ago!!!)
...as I said, ALMOST...
but not yet!
:( |
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March 2002
Posts: 15682
Location: SoCal | Keep working on it Mikey. Sounds like you're almost there! |
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January 2002
Posts: 14127
Location: 6 String Ranch | Actually if you buy the right guitars they are a better incestment (did I spell that wrong too?)
Lots of the 5 figure guitars go to Doctors and lawyers and other guitar fanatics (sometimes refered to as guitar homos). That end of the market is much larger than most people think. |
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December 2003
Posts: 13997
Location: Upper Left USA | Five figures - that's a Dressmakers dilemma when the Bridesmaids show up for fittings!
Like Al - not here.
I forgive W2 for his Miss Pellings because he was, after all, an Ergonomics major in College.
Driving in Seattle (job related) yesterday and saw many high $$$ commuters, H2's and an H2 Stretch Limo. Go figure!
Since I was the escort Vehicle for a Grove RT855 Mobile Crane it was nice to see the H2's that came along the Grove get a little reality check - as they looked like VW Bugs and had to actually share the road!! |
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May 2002
Posts: 3005
Location: Las Cruces, NM | MWoody
Love Cranes, I had a renovated P&H 100 ton out at White Sands Missile Range when I was in charge of maintenance. That thing took up some major road room when on the highway. Brakes failed one time when going over the Organ Mountain pass between us and Las Cruces, I wasn't there but my operators said they had some near retirement experiences and there was some reports of the driver pulling on the steering wheel and shouting "WHOA you SOB" over and over before it finally coasted to a stop when it hit level ground at the bottom of the pass. It was such a cumbersome and had so much drag that it never got much over 55 MPH downhill before it ran out of steam.
Passed a few old ladies, and one VW bus full of CA hippies. A road grader going the same way thought he was being challanged to a race and burned up his transmission on his Gov't issue vehicle, becoming the only victim when he was fired. |
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December 2003
Posts: 13997
Location: Upper Left USA | Bailey,
Put it to music Bro'! |
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December 2001
Posts: 7247
Location: The Great Pacific Northwest | leftovertion
I have posted this before. I believe the right guitars are much better than mutual funds. I have an excellent fund program, great stocks, but my guitars or more reliable and outperform them all. Also, keep in mind, that you can always PLAY the guitar and get payed for that too. I have said in the past, there are not too many items you can buy, play with and even make money with for 20+ years, then sell for more than you paid for it, or at least sell for even money. |
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January 2002
Posts: 14127
Location: 6 String Ranch | another important fact, instruments always appreciate tax free. |
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Joined:
March 2002
Posts: 1380
Location: Central Oregon | Originally posted by cwk2:
another important fact, instruments always appreciate tax free.
I know I always appreciate Tax Free.
:rolleyes:
/\/\/ |
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Where are they going?