Hahaha… I would LOVE to get in on this. An actual hedge fund based on Vintage Guitar Magazine’s dreamy “42 Guitar Index”
According to several financial media sources, Anchorage Capital, a London investment firm, is expected to launch the Guitar Fund. Set up as a hedge fund, the Guitar Fund will seek investment returns by buying rare and vintage electric and acoustic guitars (steel-string and classical), plus mandolins, banjos and amps.
And get this, investors in the fund will also have the opportunity to actually play the guitars they invest in and take them home if they wish….
IG’s got the full scoop. Check it out. (photo: vintageguitarz.)
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August 14th, 2008 at 9:03 am
Here’s where you know the market for vintage instruments has just flattened out: When investment companies are able to whip up a glossy mailer for their clients with graphs on ‘Burst prices.
I believe the same thing happened with Baseball cards some years back.
People can do whatever they want with their money, I guess.
Sad to think of a bunch of awesome instruments scooped up by investors, only to never get played. Really sad.
Want my advice? Investing in “things” that cannot create value is a serious risk