Nicolai Foss
Are we witnessing a tulip bubble in pickups?
Buy-it-now prices for DeArmond pickups are rising rather dramatically. The increase in these suggested prices indicate that the prices at which the pickups are actually traded are increasing as well.
Here is a seller suggesting a price of 899 USD for a DeArmond 1000 pickup and here is another seller suggesting a buy-it-now price of 850 USD for a DeArmond 1100 pickup.
This is over the top! There is no doubt that these pickups represent excellent quality, but — in my book at least — they just cannot beat a Benedetto pickup or a handmade Kent Armstrong pickup — and they sell for much less.
August 18, 2007 at 3:33 am
Hi. I just wanted to say that I definitely agree with you. There are those however who will pay such prices thus creating a “market value”. That being said, thanks for this blog. I have added you to my blogroll if that’s ok. Take care. I’m gonna look around your site now…;)
May 30, 2008 at 1:25 pm
[...] ago I blogged on the crazy prices that those old DeArmonds are increasingly able to fetch (here and here). But here is what arguably the pinnacle of this tulip/DeArmond craziness/bubble: A quite [...]