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Richard Jernigan -> RE: More Conde Hermanos (Aug. 5 2005 2:25:58)
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Okay Miguel, I see why you cued me to this discussion.
I have a classical guitar which has beaten inflation by about 8% compounded since 1973. The original owner bought it when the maker had become well known, but it was early in the maker's professional career. When one of the three most famous classical guitarists in the world played one of this maker's instruments for about 20 years in concert and on record, the price went up quickly.
Eight percent is a pretty good return, but you could do better over the long term (15-20 years) in the U.S. stock market, or you could do much better, sometimes short term, in real estate in several countries.
I have a flamenco blanca that may have done about as well. It was bought by a collector in 1982 and never played or even handled. I bought it five years ago and play it regularly. (Still no dings.) It's the best flamenco guitar I've ever played. I've played quite a few. Anyone know how much Arcangel Fernandez was getting for blancas in 1982? Even then all but a very rare few of Arcangel's guitars, both classical and flamenco, were going to Japan because he had just about gone broke trying to sell into the Spanish/European market.
I have a couple of other excellent guitars from very well known makers in Madrid, which have kept pace with inflation, but not much more.
RNJ
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