You may have had your eye on a particularly expensive guitar or drum kit for a long time and be uncertain as to whether you should go ahead and spend your money on such a product. Will it depreciate? What will it be worth in a few years? Does that even matter because why would you sell your precious dream instrument?
Well, sometimes the peace of mind alone can be enough reason to buy an expensive item knowing that it won’t be worthless in a few years.
Unfortunately, because the premium instrument market is so saturated it can often be difficult to predict which instruments are going to increase in value over time as most, will actually follow the rule of diminishing returns.
This is the marginal decrease in value of an instrument after usage and generally the product will go down to about 2/3 or even half it’s value when it comes time to re-sell. This is the harsh reality of most second-hand products however some are extreme exceptions to the rule and will go up in value due to rarity, demand and availability.
The best investment for your soul
Ultimately, a premium instrument may not be a monetary investment. Or at least that would be difficult to predict. However, it is a worthwhile investment for your soul. There’s nothing more joyous than playing a beautiful, handcrafted instrument that you’ve dreamed about, every time you want to practice or play.
Sometimes, that premium instrument will simply affect you psychologically and make you feel like you should work harder to be a better player. This happened to me when I got my PRS Custom 24. I felt like I needed to earn the ability to make the guitar sound the best it could. It’s also still the best instrument I own and don’t really need to or want to own many others.
Sometimes just feeling like you have bought the best instrument on the market will inspire you to play more than ever before.