![]() ![]() ![]() Les Pauls were caned as though they were in the hands of The Who's Pete Townshend.Ī few years later Jackson's Rare Guitars disappeared, emptied out in the dead of night. Telecasters were smashed like, well, guitars. Whether it was lousy mortgages on clapboard shacks in the US that caused the global financial crisis no-one really knows, but almost overnight vintage guitar values shed as much as 30 per cent. Robert Bramley of the Guitar Lounge with his Fender Stratocaster 1963 in fiesta red. Some – this correspondent included – succumbed. Buyers were told they could expect annual growth of 12.5 per cent, and middle-aged men who had finally made some money fought the temptation to put the portfolio equivalent of a six-string hot-water bottle into their self-managed super funds. Weathered 1950s Fenders lined the walls, with retro cardboard tags showing five-figure prices. After a long, steady intro, by 2008 the vintage electric guitar market was so hot it was virtually on fire and a 1959 Gibson Les Paul – the classic of the genre – was listed by Sydney dealer Jackson's Rare Guitars for $600,000. ![]() It had been the sort of screaming lead up that brought to mind Jimi Hendrix at his apex. ![]()
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