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guitars are investment??
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BarkellWH
Posts: 3458
Joined: Jul. 12 2009
From: Washington, DC
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RE: guitars are investment?? (in reply to doublek)
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I do not think one should buy a guitar thinking it is an investment unless one really knows what one is doing, and it concerns a truly exceptional guitar made by an exceptional luthier. By that, I mean, for example, a 1923 or 1935 authentic Santos Hernandez, or a Marcello Barbero, or a Manuel Reyes, or an early (in it's heyday) Ramirez in great shape. Something, that is, that will most likely increase in value in the future. But to buy something like that, you will have to be prepared to shell out a considerable amount of money. I would not buy anything today--Conde, Ramirez, Bellido, or any number of other makers--as a monetary investment. Unless one has the money to buy a guitar as an investment the way one would buy a painting that is sure to increase in value, forget it and just go for a guitar that you enjoy playing. Cheers, Bill
_____________________________
And the end of the fight is a tombstone white, With the name of the late deceased, And the epitaph drear, "A fool lies here, Who tried to hustle the East." --Rudyard Kipling
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Date Sep. 13 2011 1:35:02
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Ruphus
Posts: 3782
Joined: Nov. 18 2010
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RE: guitars are investment?? (in reply to doublek)
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Bill is right, I think. Antiques aside, and the expertise it needs to ensure good short-term investment into vintage; contemporary makes appear to be only worth as investment if there either exists an extremely long waiting list, or the luthier having retired / passed away. Other than that, practical prospects don´t appear worth speculation, considering the raise in quality of contemporary production and the expanded number of skilled luthiers in the same time. Currently prices appear to steadily inflate ( like with markets in general ), but both, supply and economical recession will likely mill it all down. A couple of traditional image brands like Ramirez might be evelvated even further by the laymen rich and their ever increasing superfluous funds, but Joe average will foreseeingly be due to invest his ever shrinking budget into ordinary demand like of drinking water and soilent green. That´s when you might get your todays Bellido for some 200 bucks if you can afford it still, while the man himself might be employed by his local in-folks as janitor. In a future of devastation and little to eat, everything will be in discrepancy, including the arts and a deserting guitar market. ... Unless, people were to be stepping up to societal and ecological destruction timely, which appears to be of minute chance to be happening. Want to invest into a future as is? Check out fields like rare soils internationally, and water management & farming in Canada. It could give a couple years of ledge before becoming cutlet of someone who has invested even better. ;O) Ruphus
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Date Sep. 13 2011 12:58:55
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Richard Jernigan
Posts: 3430
Joined: Jan. 20 2004
From: Austin, Texas USA
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RE: guitars are investment?? (in reply to doublek)
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In 1973 Jose Romanillos guitars were going for about $850. Romanillos' prestige had already received a sizable boost from his association with Julian Bream, and Bream's playing a '71 model. The luthier's fame increased markedly as Bream continued to concertize and record with a 1973 Romanillos. Guessing at today's price, a '73 Romanillos would have returned about 10% annually on investment over a 38 year period. This is good compared to say, the US stock market or real estate, but not as good as gold, at around 11%. Gold is far more liquid. If you want cash for your gold coins, you can have it the same day on any business day, just about anywhere in the world. You might wait months to sell your high priced guitar. Furthermore, to have predicted in 1973 today's prices for a Romanillos, you would have to have been just about clairvoyant. Having said that, one of the factors affecting my decision to buy a '73 Romanillos in 2000 was price appreciation. When I got it for trial, the guitar hadn't been played for years. Furthermore, my technique didn't get the best from it. But after a week, I felt there was something there that I wanted to investigate. I knew I could sell it in a year's time for more than I paid for it. So I bought it. After a month the guitar had opened up, and my technique had begun to adjust. I wouldn't think of selling it now. When I'm gone, my children won't be sorry their old Dad spent a lot of money on a guitar. RNJ
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Date Sep. 13 2011 18:50:32
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BarkellWH
Posts: 3458
Joined: Jul. 12 2009
From: Washington, DC
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RE: guitars are investment?? (in reply to richardf)
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quote:
Well, to (badly) paraphrase Winston Churchill, a painting is just a nice picture, but a good guitar is a lifetime of challenge, frustration, joy, and satisfaction, not to mention a love affair unlike any other! I don't mean to quibble, RichardF, but I believe you are paraphrasing Rudyard Kipling, whose actual quote I cite below. "A woman is only a woman, but a good cigar is a smoke." Apologies to Kate and others on the Foro. I have always preferred women's company to cigars. Cheers, Bill
_____________________________
And the end of the fight is a tombstone white, With the name of the late deceased, And the epitaph drear, "A fool lies here, Who tried to hustle the East." --Rudyard Kipling
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Date Sep. 15 2011 17:58:20
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