Favino prices and the financial crisis

Phil

so with the current financial crisis, does this mean the price of Favinos will drop?

MichaelHorowitz

I highly doubt it as the high end Gypsy guitar market is the strongest it's ever been right now. I think people are selling a lot of stock and buying tangible assets like guitars!

The only part of the market that has been affected is the higher end Asian stuff like the DG-300s and Music Link stuff. I think people in that price range are opting to play it safe and go with a Cigano right now (which are selling very well.) No one wants to risk the extra cash on the higher end Asian stuff.

But in the $2K and above market, people are spending more then ever. From personal experience, I can say that my guitars have appreciated at rates the most Wall Street investors would envy! So it may be a good thing to do....

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