Time to buy?
Posted: Sat Nov 08, 2008 2:58 pm
I watch the lap steel market pretty closely and prices have really come down on very collectible and playable instruments in the last six months or so.
Some very good looking prewar B6s have sold for less than $1k. Postwar B6s and B6D models are selling in the $5oo-$700 range or not selling at all.
The same is true for prewar and post war Silver Hawaiian models.
If you're looking for great value in lap steels, I really think this is a very good time to buy these great instruments at what will probably be looked at as bargain prices.
I'm not trying to say they won't go lower in the near term, but long term I think the appreciation potential is higher than it has been for some time.
Any other thoughts?
What seems peculiar at this time is that the least collectible instruments (model 100 series and model s/ns) seem to be appreciating to above the $500 level for no apparent reason.
Any opinions?
Some very good looking prewar B6s have sold for less than $1k. Postwar B6s and B6D models are selling in the $5oo-$700 range or not selling at all.
The same is true for prewar and post war Silver Hawaiian models.
If you're looking for great value in lap steels, I really think this is a very good time to buy these great instruments at what will probably be looked at as bargain prices.
I'm not trying to say they won't go lower in the near term, but long term I think the appreciation potential is higher than it has been for some time.
Any other thoughts?
What seems peculiar at this time is that the least collectible instruments (model 100 series and model s/ns) seem to be appreciating to above the $500 level for no apparent reason.
Any opinions?