There's truth in that. But even those markets can decline. Years back when the price on early Stratocasters went sky high, several fairly prominent dealers ended up getting stuck with overpriced stock when the market suddenly declined. It appears that several high roller collectors had completed their collections of Stratocasters, and no one else was out there with both the money and the desire for these guitars. Sure, they are still expensive today, but in today's dollars, they're nowhere near what they were at the peak.Tom Keller wrote:The best stuff is still bringing top dollar even in a soft market. Items such as prewar Martin D 28's, Gibson Mastertone Banjos and Gibson F5 Mandolins show no signs at least to me of softening in value.
Another factor is that there were very few Loar F5's, for instance. Not that many original 5 string prewar flatheads. But lots of D-28s and Stratocasters. I never could understand how the market for either ended up doing what it did. I guess maybe because you actually could find one of these for sale?
Dave