139.000 Clams

So it happened.... the vintage guitar market is (briefly?)flagging. A well known Vintage Guitar store near me still has 3 blackguard telecasters on their wall, for the $89,000 each. In November they were there... an awe-inspiring but not altogether at the time unbelievable price (knowing what they went up to). One mint Blackguard Tele sold on Ebay for 60K about a year ago...and that kicked off the investment craze in Vintage Guitars. People WERE actually trading these Tele's briefly at these prices through 2007. As of November, guitars were still going on EBay for really high prices. Even 80's Strat's were going as high as 10K (yes...). Then things slowed in December, and by January my delaer friend said things were "soft". Those who held Blackguard Tele's at $89,000 are still holding. Some are simply holding onto both their guitars and the prices they want. Currently, there is a NoCaster on EBay for $139,000.00. Another guy on EBay is holding solid on his price, but offering 20 percent off (really just a final admission that the market has gone off a bit). My feeling on seeing those 3 Blackguard Tele's on thewall... high off the ground...at that store... was that they would now stay there for a while.... If Keith Richards walks in...plays one...he might buy... but his first comment will be "C'mon man... nobody's getting these prices anymore... what will you REALLY take?". It's not just guitars either... my friend has a 1965 Fastback Mustang, completely restored. It was worth 34K last June (if you were patient), 29K in October, and now 26.1K (top bid on EBay). So old Mustangs are off 24 percent... and guess what... Blackguard Tele's are probably off more.... and that guy who wants 10K for his 80's 57 Reissue Strat may have to come down....to Earth...what goes up, must come down. (Sorry... real musicians still can't get near this stuff...Blackguard Teles, Bursts, 50's Strats...even 50's Les Paul Specials...). Harmoney or Danelectro anyone?