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Thursday, March 16, 2017

As Baby Boomers Become Collectors, Prices of Vintage Guitars Skyrocket



True love knows no fear, and legendary blues guitarist B.B. King once rushed into a burning building to save his beloved Lucille. But Lucille wasn’t his wife – it was actually his Gibson 335 electric guitar. The incident is emblematic of the respect that most musicians show their instruments.
That love has translated into a burgeoning guitar collector’s market over the last 30 years, with some instruments that originally sold for US$200 or less back in the 1950s selling for upwards of US$200,000 today. Although such guitars are rare, Kevin Drost, director of international strategy for online instrument sales site Reverb.com, estimates that one such high-rolling transaction is conducted at the site every month.
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