*

*
*

Monday, December 17, 2007

Old Guitar = House

I just discovered that if I hadn't sold my 1958 Blond Strat a few years back, it would have got me a house, sauna and 15+ acres of land in Alaska, with the following description: "Turn Key Recreational Remote Getaway with view only minutes from Takotna River. Watch the Iditarod and the Iron Dog go by then grab your friends and relax in the 12 man sauna. Great salmon fishing and miles of trails to explore!".. I am naive, and don't know what Iditarod and Iron Dogs are, and why they go by the house, but this still a HOUSE. I wonder if those guys playing gigs in 1963, with their old 50's Strats in some smokey bar for food and tips ever thought the thing in their lap would one day be worth a whole house. Will these things keep going up? 1980's guitars are now disappearing from EBay... yes... they are being 'sucked up' by guitar dealers, and toted as the next realm of valuable collectible instruments... I am referring only to the '57 Reissue Strats made between 1982 and 1988/9. There is even one for sale for (gasp) $10,000 (and no, it was never owned by anyone well known). With possible economic hardships ahead... will instrument prices keep climbing, leaving musicians to buy Lap Harps, as the only thing they can afford? (Danelectro/ Silvertones are already leaving their 3-digit range, as musician affordable guitars). Luckily, Harmony Rocket's are still affordable....But my prediction is...NO... people investing WANT things to keep climbing, but things will level off. Will you ever get that '53 Blackguard you want back again? Probably not... they are now priced above 35K unless they have a broken neck(some people want over 75K for them)... demand and people willing to PAY those prices will dry up for sure, but those with them are likely to continue to hold them, patiently awaiting the price they will not back off from... now this doesn't mean that in 18 months you might now wave $37K cash under someones nose.. and get them to part with one... but hey... how about a house in Alaska?