- Dec 3, 2013
- Reaction score
I know, it’s the obvious, but clearly Joe B…People who have their own businesses and have done really well.
Top people working in finance and on big annual bonuses.
Property / development tycoons.
The occasional musician / person in the music industry who is at the top of their game.
People who have received an inheritance (like parents property) and cash out and decide to treat themselves
I think the Wall Street thing is a misnomer. These days, it’s real estate and Tech folks and investors. I don’t consider that Wall Street - it’s business folks, as someone else mentioned. These prices left doctors and lawyers (and other professionals) behind - no offense to them - a while ago. Reissues/Murphy aged purchases, all day long, but not bursts or other high-value vintage guitars.It is for the Wall Street guys that are into collecting or just want to own a holy grail guitar.
The real question is will the value of a 1957-1960 Les Paul increase in value within the next 10-20 years?
There are very few professional musician today purchasing vintage gear so the market is predominately older males (aka Baby Boomers) with money to burn.
The current buyers IMO are dudes who like to show off toys that won't lose value.
Will Gen X and Y continue the trend?
I'm 55 and I just don't see me buying a $150,000 guitar no matter how much money I have.
I love how there always seem to be 2-3000 ‘59’s for sale if you add up auctions/eBay/reverb/Craigslist, etc. there were what, 465 or so made?
The Reverend claims he was offered $5million by a Japanese collector. Screw lawyers and doctors, theit pockets aren’t deep enough (or alligator arms prevent otherwise).