That was then, this is now. That inflation calculator thing really breaks brains. You have to take into account the instrument market on a whole now vs then. There was no playable $400 equivalent. There is now.
Is it? I'm starting to call into question the validity of inflation calculation based on the current economic health. Sure it works in broad strokes, but when the buying power of your average US citizen is so low, the deviation from the inflation calculator has to be considered. It's like how BMI work for most people, but it starts to get off kilter when you've got a guy who is 260lbs of muscle
It is for most Americans, and it definitely is when you take into account the sum of the parts going into it as well as the fact there are other offerings in the market that are 12x cheaper
I agree with you there. Have you picked up a $400 Ibanez lately?
Seriously, buy what you want, spend what you want - but for me, $6k is an awful lot money to drop on a wooden instrument with 100+ year old tech wired into it.
A person could buy TEN 75" televisions for the price of that one bass guitar. Just saying. Do you, though.
Inflation calculations track really well for high end things.
For example, a Porsche 911 is stupidly expensive now, but is actually about the same price as it was in 1984 when adjusted for inflation.
Other things have gotten cheaper where technology is concerned - take computers for example. There, technology has allow people to do more with less cost.
And some things have gotten more expensive. For example, the Hyundai Excel was $4995 in the mid-80s when it debuted. You can’t really find a new car for that price today, but at the same time the cheapest new cars out there have features that were only available on high end luxury cars.
When it comes to instruments made in the USA, labor costs and fixed costs play a big role - especially when you are producing modest volumes. Meanwhile, overseas labor is cheaper and when you crank out as many instruments as you possibly can, you can spread out your fixed costs, you get economies of scale, etc.
Don’t think of a $6k bass as expensive. Think of everything else as having gotten either cheaper or more filled with features…and at the same time, there is more stuff to waste money on.
The median home price in the USA was $80k in 1984 - the equivalent of 20 Spector NS-2 basses.
The median home price in 2024 is currently around $400k - or the equivalent of 66.67x the cost of the bass in question.
Ultimately, I have an Ibanez MiKro, and I have a Spector Euro 4LT. The fit and finish on the Spector is in a whole other universe compared to the Ibanez. Heck, I’ve never found a playable Ibanez that didn’t have an issue in a brick and mortar store.
But my Spector and my 31 year old Alembic are different beasts as well.
My Alembic has battle scars, but I picked it up for what the Spector Euro 4LT costs new…and the Alembic feels special in a way that the Spector can’t hold a candle to.
If I had $6k to spare, that would get me pretty nice used Alembic…that’s where’d my money would go, and where I’d probably see the best value retention.