Wednesday, September 29, 2021

Rockin' In The Free Markets

Investors have been looking for alternative investments and will be able to invest in a guitar from an alternative metal band. Gibson is using Rally to sell ownership of collectible guitars. The company recently sold 13,000 pieces of a guitar owned by Guns N' Roses guitarist Slash for $5 each. Of course, the company did not cut up the guitar, but sold a fractional share. Other guitars by Tony Iommi of Black Sabbath and Adam Jones of Tool are scheduled for sale. Of course, as with any collectible market, it appears that guitars that are not especially rare are having prices plucked up with the prices of rare guitars. The real question is will investors fret over the investment in the future or will it turn into real Money?