It is difficult to discuss vintage guitars without mentioning baby-boomers. Baby-boomers have had the greatest generational effect on vintage guitar prices over the last 20 years. The stock market is driven in part by baby-boomers investing during their peak earning years. Baby-boomers have experienced one of the greatest bull markets in stock-market history, and today they're witnessing the ongoing bull market in vintage guitars. What happens when baby-boomers sell their cherished guitar collections? Large collectors, foreign buyers and even the children of boomers will be needed to buy these guitars in order for the market to remain strong.

No one can accurately predict the future performance of the stock market, nor can we foretell exactly what the guitar market will do. So, it's possible that vintage guitar values could level off or decrease in the future. Unlike stocks, there is no future stream of earnings to bolster a guitar's value. The intrinsic value of classic vintage guitars is far less than their current market value. So far the "right" vintage guitar has been a great investment, but not every old guitar should be considered as such.