www.warpdrivemusic.com/forbes.htm -
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Published on: 8/3/2004
Last Visited: 9/9/2006
"Guitars had been overlooked in the auction market [for a long time]," says Kerry Keane, Christie's department head for musical instruments."But we've seen an increased interest in them in the last 15 years."
Most in the field concede that the major reason vintage guitars are so sought after is that the instrument was perfected in the mid-20th century; no great sound or design improvements are forthcoming."The golden era in American guitar-making [was] the 1930s and '40s, then the 1950s and 1960s for the electrics," says Keane.
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They originally sold for about $265, but "I can remember when they were worth $60,000, then $35,000, then $250,000," says Keane.
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"Every guitar I ever bought was because someone I admired played it," says Keane.