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March 2003
Posts: 555
Location: Wooster, Ohio | Values just seem so low?
http://cgi.ebay.com/OVATION-LTD-ELITE-1966-1996-MARTIN-STRINGS_W0QQ... |
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January 2005
Posts: 4903
Location: Phoenix AZ | The Martin strings kept the value down. |
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May 2004
Posts: 2850
Location: Midland, MI | Contrary to popular media and the talking heads, the USian economy is taking a beating. The dollar is growing weaker by the day and inflation is quickly eroding what value is left. On top of that, we had the 'free debt'...er, 'easy credit' decade or so where the goofballs without any ability to reason signed up for interest-only, 125% LTV, no-money-down, ARM mortgages in order to pay off credit cards that they then went and maxed out again. The chickens are coming home to roost and discretionary dollars are the first to go. Well, after the fourth car, the RV, the boat, the jet-skis and various other toys.
:eek:
Or, it could be a fluke.
:D |
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April 2007
Posts: 318
Location: Slightly northwest of Trader Jim | Originally posted by Tupperware:
The Martin strings kept the value down. :D :D |
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November 2004
Posts: 308
| Why? What's wrong with it? |
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November 2004
Posts: 1330
Location: ms | I could have got a mint one a few years ago from West Mobile Music for $800.00 but it sounded dead so i passed. |
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August 2005
Posts: 3736
Location: Sunshine State, Australia | I don't get it. What's there to be scared about?
I don't think any of us buy these plastic backed thingies as an investment!
There's an exclusive bunch of nutters somewhere around here that love the fact that these wonderful guitars are relatively undiscovered by the general guitar playing public. (GGPP)
Long may it continue. |
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April 2006
Posts: 1138
Location: CT | That's a nice looking elite. Investment? lol, look elsewhere. The Adamas I seems to hold its value better than anything else, but still not as good as it should. I could have bought a D-28 in 1983 instead of a Custom Legend, and it would have appreciated instead of tanking into the toilet - value wise... but I'm not complaining. I still love it. It sounds great, plays like butta, and looks great under the lights! |
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June 2006
Posts: 7307
Location: South of most, North of few | I'm with Muzza on this one. As long as you like the sound and feel, who cares if the general market value goes away. If you stay within the brand name in buying and selling (or trading), you won't get hurt. And there's usually someone here that will pay over market price for one that they want. If you want to invest, buy land. |
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December 2004
Posts: 4394
Location: East Tennessee | Originally posted by Trader Jim:
If you want to invest, buy land. Even that can be a crap shoot. :D |
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December 2003
Posts: 13988
Location: Upper Left USA | "Buy real estate. They don't make it anymore!"
???
Actually, just buy the instrument you will play and enjoy. And share your time with others. In the long run it is the time spent with others that gives the most value and lasts the longest. |
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Joined:
May 2004
Posts: 2850
Location: Midland, MI | Originally posted by Gospel Guitar Guy:
Even that can be a crap shoot. :D Same approach as gambling...er, playing the stock market...buy on the way down, sell on the way up. Unfortunately, the lemmings..., uh, most people in the US bought on the way up, and now find that they need to sell on the way down. Backwards. Sad.
But, you can't save people from themselves. You can, however, pick up some property at fire sale prices, then sit on the porch entertaining the neighbors with your inexpensively acquired Book Elite. Music might help lighten their burden a little. For a while. :) |
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January 2006
Posts: 5881
Location: Colorado Rocky Mountains | Terrific price on a Book Elite. If I didn't already have one, I'd have been all over this. Its a buyer's market for sure. |
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August 2005
Posts: 3736
Location: Sunshine State, Australia | I refer to my 1768 as 'the year before the book elite'.
Almost the same guitar without the 'bling'! |
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March 2002
Posts: 15665
Location: SoCal | I've only got one Ovation that I'm pretty certain I couldn't get all of my investment out of, and I don't care. I bought each of my guitars because I love them and have no intention of selling them. These are guitars that are built to be played, not stored away. |
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November 2003
Posts: 11039
Location: Earth·SolarSystem·LocalInterstellarCloud·Local Bub | true dat. |
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September 2003
Posts: 9301
Location: south east Michigan | I'm with Paul on this one.
But I will admit that there are times when I am green with envy on how some of you guys rotate your collection around. |
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Joined:
January 2006
Posts: 5881
Location: Colorado Rocky Mountains | Originally posted by Slipkid:
I'm with Paul on this one.
But I will admit that there are times when I am green with envy on how some of you guys rotate your collection around. Brad, no need to be envious. Rotation to me means rehanging the north wall guitars on the east wall, the east wall guitars on the south wall, and so on. My choices are clockwise, counterclockwise, or straight across. Anybody can do it with a little practice. |
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November 2005
Posts: 4832
Location: Campbell River, British Columbia | People buy the funniest things and consider them 'investments.' Hockey cards, kitchy china plates... thinking they are 'investing' because someone told them so. ANd they hide their 'investment' away to protect it's value.
Good scam for the producers.
My wife and I buy art we like. To hang on the wall and enrich our lives. If it apreciates, so much the better...but it's irrelevant. We get our payback from looking at them regularly.
Same with the guitars. Buy the ones you like, play the hell out of them, who cares what anyone thinks they're worth? (And my wife has some crazy obsession with sewing machines and quilts that I REALLY don't understand....but I humour her.) |
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September 2003
Posts: 9301
Location: south east Michigan | Whenever a salesperson (or even a friend) uses the term "investment", a red flag goes up.
In purely financial terms my Breadwinner has been a good investment. But to benefit from an investment, ya gotta sell. Why on earth would I ever want do that???
About moving out & moving in guitars, I guess I'm just not the type.
Mr. Stability.... that's me.
Worked at the same company for 37 years.
Married 28 years.
Still own every Ovation I have ever purchased.
If I go out to lunch I will sit in the same booth... if that booth is occupied, I have an alternate already picked out.
Ya got me thinkin'.
I think I could us a little UN-stability in my life. Or is that IN-stability? |
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Joined:
May 2004
Posts: 2850
Location: Midland, MI | Originally posted by Slipkid:
...But to benefit from an investment, ya gotta sell. Why on earth would I ever want do that???... Well, there are any number of reasons, Bradley. For instance:
a) Your wife makes you
b) You want to buy something else and your wife makes you
c) You are just sitting there minding your own business and your wife makes you
d) You mention to your wife that the Breadwinner has performed fairly well as an investment and she makes you sell it
e) You come home all liquored up one night, smelling of flowery perfume and stale cigarettes after having played yet another "coffee shop" engagement with BrianT and...yep...your wife makes you
:D |
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October 2005
Posts: 5330
Location: Cicero, NY | "Why on earth would I ever want do that???"
...to finance that songwriting class? |
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May 2003
Posts: 4389
Location: Capital District, NY, USA Minor Outlying Islands | Nope, not scared. Since I don't invest in guitars. |
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March 2005
Posts: 12759
Location: Boise, Idaho | Sounds like a lot of similarities amongst us. Anyone want any guitar boxes? I'll never use them. My rotation only involves finding more room for the new ones.
I refused to buy an engagement ring after a salesman told me it was a great investment. I wanted him to promise that he'd buy it back for more money. To invest you have to plan to sell. That engagement ring I never bought is going to cost a bunch this year, when SWMBO buys herself one for our 30th. If I'd have invested the money I saved by not buying one 30 years ago, I could afford a nice one now, with a few guitars.
I also don't like to buy anything I can't use, so that limits my investment strategies. Some of my stocks I could use to build fires. |
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September 2003
Posts: 9301
Location: south east Michigan | Crusty... Yer scareing me buddy. |
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Joined:
May 2004
Posts: 2850
Location: Midland, MI | Originally posted by Slipkid:
Crusty... Yer scareing me buddy. Did I reveal too much? :eek:
I wish Brian would get on here; the discussions on the way to/from CT with him were most entertaining and more than a little educational. I enjoyed both of your company more than I had expected. Heh.
Now, as to the topic at hand...the low value of the book elite referenced herein doesn't 'scare' me as much as it disappoints me...it means that I can't expect as much for my 1868 when I sell it to finance the next big thing. |
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Joined:
September 2006
Posts: 10777
Location: Keepin' It Weird in Portland, OR | Scared? Values seem so Low? Mmmm?
Being that I ain't really buying to sell,
a downward shift in the price of a USO is a Good Thing... Ain't it?
I plan on selling a couple of my guitars (so hard to decide which ones!?!)
just so I can make some room... (for more?)
And I hope that I can get close to what I paid for them.
But I did not buy them as a Monetary Investment. :cool: |
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Joined:
March 2006
Posts: 186
Location: The State of Hockey | Well this auction should calm all your fears. |
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Joined:
July 2007
Posts: 33
Location: Detroit Rock City | I think a problem with the first auction was the lack of the word "guitar" in the title. At least when I search for ovation guitars, I type in "ovation guitar" into the search engine of ebay. Yeah right. Looks like someone got a real good deal! |
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Does this scare anyone else?