High Price Hording

[tapper mike]

Now I like to buy guitars and you guys like to buy guitars but then you come across something like this...



Help me to understand.

You go to a guitar shop. Some cute number catches your eye. You flirt with her and fall madly in love. Decide you need her in your life to complete you. On the way home you realize you can't bring her into your home and show your wife. What will the neighbors, your staff or even that guitar maker who is selling your signature guitar?

So you pack her away in a storage unit and say you'll drop in and mess around when the time is right but you never do. Another week, month or day goes by and you repeat the cycle. After a time you just can't go back to that storage unit and a decade passes.

How does it get this bad?

[BertKoor]

What if for some dude it took like 20 years to collect them 80 guitars.
That's like four per year, costs like a thousand per month.
So if you can afford that, but can't store at home. Oh well...

What if I don't know what they're sayin'

[HenkDeWegWeg]

Criminal clean cash instead of bank

[VariKusBrainZ]

Thats sad, like hoarding gold buried in your garden and someone else finds it

[Bombadil]

There was a guy who used to hang at the Harmony Central electric guitar forum. 'Bb' I think his handle was. He had in the vicinity of 120 guitars, a significant number of them being vintage LP's. Said it was his 'retirement stash.'they were stored in his barn.
I, personally, got up to 27. Our 1 bedroom flat was overflowing. My Missus and I both decided I had to do something. I have 14, now. I think. The suggestion that this was money from a questionable source is possible.

[tapper mike]

Guitars are not a good investment. Set up an IRA/401k with your local credit union and set 3% of your paycheck to move into your account. Or go through your employers program if you have it.

I remember a news show that did an in-depth thing on Carlos Santana. He had a nice house in San Francisco and a Guitar Barn twice it's size that took up the entire backyard. Two Stories, 50 guitars to a stall. Not a single PRS among them. Though he did pull out the Strat that Hendrix played at Woodstock which he later gifted to Blues Saraceno. He'd play six hours a day and try to spend between a half hour to an hour on as many as he could. Trying to rotate through them all. There are way too many stories of famous guitarists constantly hording guitars to recount for this post. Steve Miller, Ann Wilson, Susannah Hoffs, Billy Gibbons

A lot of investors who were investors first have lost a lot of money in vintage archtop guitars. Nobody cares even if it has great provenance. Neal Schon sold off his entire collection for a Les Paul valued at $500,000 Then worked out a deal with Gibson for his own limited run Gibson. When the limited run was up he turned tail and went back to his deal with PRS signature models.


My Dad and my step mom while not being rich nor living beyond their means had two houses. My stepmom forced vegetarianism on my Dad and forbade him from buying a fishing boat. Once they got the second house they never sold the first and my step mom never visited. My Dad would return to the house allegedly to fix it up. He stored the boat there would go down get drunk fish to his hearts content and dine out eating meats all the time. My step sister would inform me of things that my step mother would do in secret that my father wouldn't have approved of. Still they loved each other and had a long life together. So I'm very well aware that some relationships can span the test of time without being fully open.

[vurt]

what a great way to get more people to bid on old storage containers!!!

[pekbro]

My millionaire friend collects guitars, he’s got 70-ish Gibson’s (mostly) custom shops, avg 6-8$k
Guitars probably.

He can’t really play them more than a little.

[Uncle E]

How does it get this bad?

Wood Library is the secret to PRS's success. Laminated tops all look the same, that Wood Library guitar inside the humidity regulated glass case is one of a kind and there will never be another exactly like it. Doctors and lawyers can't get enough of them.

[Uncle E]

My millionaire friend collects guitars, he’s got 70-ish Gibson’s (mostly) custom shops, avg 6-8$k
Guitars probably.

He can’t really play them more than a little.

There's got to be a ton of that in Maui. I need to open a guitar store out there.

[vurt]

My millionaire friend collects guitars, he’s got 70-ish Gibson’s (mostly) custom shops, avg 6-8$k
Guitars probably.

He can’t really play them more than a little.

im assuming you mean a different millionaire friend
or you just slammed 40 odd years of metal

[pekbro]

My millionaire friend collects guitars, he’s got 70-ish Gibson’s (mostly) custom shops, avg 6-8$k
Guitars probably.

He can’t really play them more than a little.

There's got to be a ton of that in Maui. I need to open a guitar store out there.

Yeah actually, and only one music store that doesn’t carry too much high-end stuff.

[pekbro]

My millionaire friend collects guitars, he’s got 70-ish Gibson’s (mostly) custom shops, avg 6-8$k
Guitars probably.

He can’t really play them more than a little.

im assuming you mean a different millionaire friend
or you just slammed 40 odd years of metal

Yeah this is Jeff, not Dave. He’s a co-worker, his dad left him 15 mil or so. Poor guy.

Heh, also had a picture of Slash on the hood of his corvette for a while, which he had to remove in order to be able to sell it.

Which explains why he’s fond of Gibson…

[nix808]

I have purchased near new 3 Fender Mad Catz Strat Rock Bands

The spelling is hoard

I am intent to be elegant where I can,
but MIDI guitar really asks for some convolutions and complications

Sets of things are cool somehow though.
I'd like to collect Boss pedals too,
but prolly won't do

[tapper mike]

Those classic archtops that used to command prices of $70k and up aren't getting that anymore.

I know this guy


I've done interviews with Jonathan Stout. He's a member of my chord melody guitar group on FB. He plays old timey music the old timey way on old guitars. Stout tells me that those early guitars aren't getting the market value that they should. Investors name high prices they never get and when one actually hits the market it's pennies or less on the dollar. And he picks em up for chump change.