Guitars Are Better Investments Than Homes

9th Nov 2007 | 16:09

A rock 'n' roll expert has stated that buying a guitar is a better long term investment than purchasing a house...

It’s official – guitars are better investments than homes, says rock ‘n roll memorabilia expert Ted Owen. They’re also better investments than stocks and shares. A 1958 Gibson Explorer bought for $247.50 was sold in 2006 for $611,000 That’s almost a 20% year on year annual return versus an average of 12% for the typical house or the 9% typically produced investing in shares. Adam Newman, manager of Vintage & Rare Guitars says, “Late fifties Les Paul Standards bought for a few hundred dollars could be worth over $300,000 while Pre-War Martin D45’s would fetch over half a million dollars now and bought for $200.” We knew there was a catch.
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