Guitar Market … are guitars a good investment?

bestofmvm

The Vintage Guitar Market’s Wild Ride

By: Jens Erik Gould, Published: February 6, 2014

In July 1965, Bob Dylan took the stage at the Newport Folk Festival with a sunburst Fender Stratocaster. The set marked the first time the rising folk icon had ever played live with a plugged-in band, shocking folk purists while at the same time catapulting him to the forefront of rock n’ roll. It became, according to Dylan biographer Clinton Heylin, “the most written-about performance in the history of rock.”

Dylan left the guitar on a private airplane. Subsequently stored in the attic of the plane’s pilot for decades, the guitar found its way to Christie’s auction house in New York in December 2013—nearly 50 years later. Although the pre-auction estimate forecast a price between $300,000 and $500,000, it ended up selling for a monumental $965,000 after fees—a new record for a guitar sold at auction, edging…

View original post 906 more words