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RE: Vintage Gear, E-bait etc
Except for collectables, I contend that most instruments are much cheaper
today than they were in the past.
To prove this, I use "Five Ways to Compute the Relative Value of a U.S.
Amount, 1790 - 2005" at:
Depending on how you calculate the relative value,
1965 is worth $500-1700
1975 is worth $300-760
1985 is worth $160-300
1995 is worth $130-170
Due to market inefficiencies, some items were undervalued when they first
out. Some were overvalued. I would also contend that the overall quality
consistency of modern instruments is much higher that it was back in the
due to improved manufacturing methods, particularly CNC.
So that Fender Precision bass you picked up in 1965 for $300 should be
$1500-5100 today, if you don't take account of loss of value due to wear or
increase in value due to collectability.