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They want to own the type of guitars their heroes played. As those baby boomers grew up and got a disposable income, they started to buy. So you saw the value of that Burst Les paul go from a couple of thousand us dollars in the 1970s, to us30,000 to us40,0s, to over US300,000 at the markets peak in the mid-2000s. Professional musicians rarely buy these expensive guitars, as they cant afford them. Rock stars collect guitars, of course, but tend to avoid the ultra-expensive models. Musicians are looking for different things they tend to be looking for guitars to use, austin says.

Collectors like to own the guitars that their heroes played. Provenance counts in the guitar collecting market, says Richard Austin, who handles rock and roll sales at Sothebys. Many of the guitars have had a hard life they have been on the road, they have got beat. Kevin Drost, were ideally looking for keramiek a notable instrument played by a famous musician. That groothandel way, we get the quality and the provenance. The collectors we deal with are interested in the instrument, but they are also very interested in the musician who played it, austin says. Instruments that a guitar hero has actually used demand higher prices. The difference between a guitar that, for instance, the Stones Ronnie wood has signed, and a guitar that he has played, can be quite a lot, austin adds, noting the sale of one of woods high-end Zemaitis guitars a few years back. A good-quality instrument with provenance will do well, he says. The classic guitar market is driven by baby boomers who want a part of their heroes, adds Drost. This is a generation who grew up idolising rock stars like jimi hendrix and Jimmy page.

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holy grail of vintage guitar collecting. There werent many made, and they were made popular by players like jimmy page, drost says. M recently sold a 1959 Les paul for just under US200,000. These guitars werent meant to be collectors items, they were made as tools. Many of them have had a hard life they have been on the road, they have got beat. Ones that survive in good condition are really rare. When you match the supply and demand of these instruments, you see these escalated values, Drost says. Guitarists praise the craftsmanship of such guitars, but another factor in guitar collecting is less technical.
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Fender, then headed by its namesake, leo fender, popularised the use of electric guitars in the early 1950s, with guitars such as the telecaster and the Stratocaster. Gibson drew on the expertise of musician and inventor Les paul, who developed and designed the classic guitar that bears his name, the les paul, in 1952. The design of these guitars has never been bettered, mask and they continue to be produced today; Gibson and Fender still dominate the guitar market. Electric guitars are like fine wines some years are considered more desirable than others, and its the vintage instruments that command the ultrahigh prices. Fenders early lines were the Broadcaster, which became the telecaster, the Esquire, and the Stratocaster. A 1952 Telecaster is one of the most valuable from that line. Stratocasters began production in 1954, and the early ones are also very desirable, drost says. Leo fender sold the company to cbs in 1965, and corporate ownership was deemed bad for the quality of the guitars: Thats why there is a big difference between a 1953 Fender and a 1966 Fender, Drost says.

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