- Mar 1, 2002
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- Disclosures
- Owner: Ken Smith Basses, Ltd.
While we are discussing money a couple more questions for discussion. Since the value of basses generally appreciates over time assuming they are being well maintained I wondering about the appreciation rates of Older instruments vs. new builds. I assuming that as new builders continue to rise in their reputations the prices they command increase. I am also assuming the resale values of those instruments they've already built would rise as well. We have seen that older basses especially ones that are properly identified or "pedigreed" appreciate rapidly over 5 to 10 year spans.
What are the differences between appreciation rates of old vs new basses?
Well Phil, it proportion I haven't seen to many of them re-sold but the ones I did see did not seem to exceed to current price that makers was asking for his new ones. I think the fact that you can do as well sometimes with a new bass than a Bass a few years old by the same maker might cap the prices in that respect. A few years or even 10 doesn't prove how it will fair in 20 or 50 years IF we are here to see it. On that note, I bought a W.B. Wilfer from The Juzek Family back in 1971 that was in the shop since at least '66 if not earlier. I sold it a few years later (crack free) to a bassist friend of mine. Just a few years ago after the Bass was at least 40 years old, the Bass split up n down under the Bridge at both sides, Soundpost and Bassbar cracks. I attribute this to dry New York Apartment Heat.
Bring an old Bass after living for 150-200 years in London or Italy over to the Northeast USA and what what happens!