
Originally Posted by
Jabberwocky
Dude, dude, dude, who shops for L-5s at Musician's Friend? It is like going to Walmart for a Patek Phillipe.
Look, man. I have an issue with the numbers you quoted. Over at an authorized Gibson dealer, an L-5 Wes Montgomery Sunburst has a MAP of $7799. Street is $6850. Lower if you pay cash. A Natural L-5CES has a MAP of $9999. Street is about $8700.
Yes, you can find an L-5CES used for $5000......NORLIN ERA ones. And pretty well used ones at that. A post 90s Jim Hutchins L-5CES Natural is more like $6500 in Excellent Plus condition.
You forget about rate of appreciation on a Gibson. Yessiree, Gibson archtops appreciate in price every year. So, you may have bought a circa 1998 L-5CES Natural for $5000 in 1998 and may sell it for $6500 in 2012.
What's the rate of appreciation on a Heritage?
THE EAGLE CLASSIC IS NOT LAMINATE. IT IS ALL SOLID WOODS like an L-5CES.
The Eagle Classic is not the equivalent of an L-5CES. The Eagle Classic has laminated back and sides and a solid spruce top. It is like the L-5 Studio. Last I observed, the L-5 Studio was selling from upwards of $3000 to $4000. I believe the L-5 Studio had a street price of below $3000 when it was launched in the late 90s.
The Golden Eagle is the L-5CES's equivalent in that it has a solid carved spruce top and solid maple back and sides. Ask Joe Vinikow how quickly he sells L-5 Wes Montgomery archies. Joe V. sells them even before he has time to list them. The last one I know, a 1998 Sunburst, fine and curly, sold for $6500. How much was it in 1998, new? $4500, if my memory serves me.
A wise gentleman, Danny, a fine jazz player and collector of Gibsons, shared with me that he bought a Super 400 Western Sky for $4300 in 1993 and sold it for $5400 in 1994 or 1995. That same Super 400 Western Sky is selling for upwards of $8500 today.
I don't look at guitars as investment but smart money is on Gibson. I was quoted $5650 plus dollars on a Heritage Super Eagle in 2009. I notice that same Super Eagle selling for $3000 and under today.
Find me a Heritage which has doubled in price or at least, appreciated. Every Heritage loses its owner money. There is no chance of appreciating unlike the much reviled Gibson. You may say that the market is made of up fools for allowing Gibson to jack up its MSRP every year but the market buys it. The market won't buy it for Heritage.
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