One of the possible product lines I planned to sell in a music store was vintage instruments. The market for collectible guitars has done well in the past several years, and I have always had a fascination with most things included in Vintage Guitar Magazine.
As part of my market intelligence, I have set up a Google alert for “Vintage Guitar Business”. I receive daily e-mails with links to articles based on those keywords. Mostly, the alerts have been disappointing. But once in awhile, something worthwhile comes to my inbox.
So while I am glad to have received this link, I am a bit disheartened. More than disheartened, though, I am glad to know before opening up a store that relies on revenue from selling vintage guitars that the value of these instruments may have already peaked and headed back down. Perhaps my vision of lawyers strolling down town Media on their lunch break and picking up a vintage guitar as an impulse buy will need to be rethought. Certainly I am already rethinking the idea of having a store where a good part of the inventory increases in value every year it is not sold. And I am perhaps more understanding of why I was able to get such a good deal on an old 335 that I purchased on e-bay, well below its Blue Book value.