If you've been searching or waiting to buy that perfect, vintage guitars, well experts are saying, now is the time to buy. Like most financial investments, vintage guitars prices have declined as much as 40%. Now's as good as any time to buy.
"A late-'60s Fender Stratocaster, originally worth a couple hundred bucks, could be sold for as much as $30,000 more recently, according to Harvey Moltz of Rainbow Guitars, an Arizona-based vintage and modern instrument dealership that opened in 1975. For the past 35 years, collectors with cash have invested in 1950s and '60s electric guitars, with some items, such as a '60s Gibson Les Paul Jr., appreciating by as much as 500% after six months of ownership."
Before you drop thousands of dollars on a vintage guitar, many experts agree that you should buy one that's in tip-top shape, not a "fixer." Many times to cost of restoring a guitar can exceed the price of a classic in great condition. So if you've got the cash, and a few extra spaces in your closet, whether you're buying one to play or as an investment, it's a buyer's market right now for vintage guitars.
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