I'll sell my Les Paul for 10 million--thirty years after my Nirvana in this life.
Then I'll put all that money in a wheel barrow and go to the marketplace and buy a loaf of bread.
Well I was assuming, cell phones will be kaput and all transaction will be encased in plexiglass.We may reach that state sooner than hoped for or desired. But the wheel barrel will be a mobile phone and the number will float and be adjusted for you, so you might go for a loaf and come back with a slice.
The truth is that if indexed for inflation, they are selling for nearly the exact same today as they have always been priced--lately if considering inflation they are actually less now than they have ever cost. If you Google inflation calculator and enter the Average retail price at any time vs nearly any other time you will see that they do not cost more.None of them. Guitars are a bad investment, these days.
Unless you bought a 'burst before the '00s, you missed the boat.
The late great Ed Roman wrote a great rant about this. He was not wrong about the 'built-in collectable value' being put into the purchase price. Ed was right a lot more than he was wrong.Back in the 1990s, people started buying trading cards. More so than before, because there were a few legit cards going up in value from previous decades.
Then companies got greedy. They started producing sports cards but added limited cards and making a big deal about it, so everyone was buying packs of cards in bulk trying to find the golden ticket. What eventually happened is all these cards bottomed out. No one cared about Penny Hardaway's rookie card after 10 years. It really was fascinating to watch. It was an entirely different market from the days where kids would buy packs, exchange and trade with each other and so on. I dont believe there are any real items that could be deemed "investments" over time.
The funny thing about investment grade luxury items is they have substantially degraded value in a downturn and will take longer to appreciate after.
Art and instruments are luxury items.
People find them easy to live without when you don't have "extra coin" laying about.