1959 315
Moderators: rickenbrother, ajish4
-
- Veteran RRF member
- Posts: 401
- Joined: Wed Aug 16, 2000 8:34 pm
I say the guitar is worth $50000. Why is a '58-60 Les Paul Standard now worth $200000? They made around 300 each year and you could buy one tomorrow if you wanted. John Lennon was the ultimate rock and roller and I don't think too many would argue with that. Jimmy Page was alright. Just because someone did an article in Wall Street Journal saying late 50's Les Paul's are great investments that means nothing. If all those investors started looking for early Lennon Rickenbacers tomorrow, they couldn't find any!! It's just a matter of time until they figure that out. And no, I'm not selling mine because I'll never find another. More ramblings by Larry W.
here in Australia we have a ( legal ) definition of fair market value called the "Spencer Decision". It goes something like this.
Fair market value is the agreed price between a willing but not anxious seller and a willing but not anxious buyer both of whom are in possession of all the facts. ( its really a Real estate definition but I guess the same holds true for any item.
Fair market value is the agreed price between a willing but not anxious seller and a willing but not anxious buyer both of whom are in possession of all the facts. ( its really a Real estate definition but I guess the same holds true for any item.
-
- Veteran RRF member
- Posts: 401
- Joined: Wed Aug 16, 2000 8:34 pm
-
- Veteran RRF member
- Posts: 401
- Joined: Wed Aug 16, 2000 8:34 pm