For example, a sunburst 1959 Gibson Les Paul Standard bought for just over US$60 back in the day was fetching up to US$313,700 by the late 2000s. Furthermore, some wealth funds that invest in violins and other instruments were doing better than the businessman’s S&P 500 shares. If you’re wondering, that’s an average annualised return of 15 per cent to 16 per cent. "It’s literally more than a 10-fold increase!" Dino exclaims to me. He told Dino something intriguing: There were guitars he’d purchased in the early 80s for $20,000 that he’d recently sold for $350,000 to $400,000 in the mid- or early-2000s. This investor was a large guitar collector. That’s when Dino met a Japanese businessman who changed his life. The idea paints an image of luxury of leisure, but the truth is that this brought with it a lot of upkeep and mooring charges to bring the ship back to Singapore. He then dabbled in the world of yachts and boats. ![]() ![]() When things started to get more expensive, Dino began looking into other types of investments that could make money. Your Fender could have a higher ROI than your flat.ĭino Yong is the owner of guitar shop Heirlooms Music, home to a large collection of vintage and boutique guitars - we’re talking hundreds.īut before Heirlooms Music, Dino owned an architectural and interior setup, investing in buildings and buying old houses on a small scale on the side in the mid-2000s or so. Why investing in guitars beats investing in property 1. I paid him a visit at Lichfield Road to learn all about the strings attached to investing in guitars and why it’s better than investing in property. So, should you invest in a Fender instead of a flat? Is a vintage guitar a better investment than a new condo? I decided to investigate by tracking down a local guitar expert.ĭino Yong is the owner of local music shop Heirlooms Music, which specialises in vintage and boutique acoustic guitars. That’s an average annualised return of up to 16 per cent - much higher than that for property or stocks. ![]() They were pretty sure it would sound terrible - if it could even be played.ĭespite all that, it was sold to American musician Joe Bonamassa for a sum between £150,000 and £200,000. Vintage and rare guitar experts ATB Guitar inspected the instrument and diagnosed it as "absolutely filthy" (the sunburst guitar has since been nicknamed Dirty Burst) and in "the worst" condition. The guitar hadn’t seen the light of day since the early 1970s when her father chucked it into a cupboard and never touched it again. In 2022, a woman in the UK was astonished to find out that her father’s old Gibson Les Paul sunburst guitar that he’d bought for just £50 (S$84) in 1967 was now worth more than a house. Guitars are better investments than property, says memorabilia expert Ted Owen, CEO of memorabilia auction house The Fame Bureau.Īnd we’re not just talking about one-of-a-kind, custom-made guitars owned by rockstars like Clapton and Cobain - we already know those can sell for up to US$6 million (S$8 million) at auction. Today’s choicest investments could be made of spruce, mahogany, and six steel strings.
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