I like guitars.
Silver Supporting Member
To be fair, Clif was one of the first to call out people for being greedy and listing their Danocasters for well above what they paid.Again, what is "ridiculous" about supply and demand? Apparently, the guitars are selling at higher than usual. And Clif's a greedy bastard because he's smart enough to maximize his profit.
I have five Danos. I'm figuring that they have appreciated a couple thousand dollars each (for insurance purposes). I'll have to call my agent.
Regarding the market for these...the market hasn't dictated that they should be priced at a ridiculous premium. The price hike is purely from speculators. Sure, a few people have bit at those prices, but the rest of the guitars are either steadily going down in price or remaining unsold.
The timeline for Danos was that they were routinely selling for around $3,000-3,200. Then Dan announced his retirement. Immediately after (within minutes), one guy who had been selling his with no one interested for around $3,500 raised his asking price to $20,000 and several other people jumped on the speculation train and listed theirs for ridiculous amounts. There was no market indicators that the guitars were worth that much. Just some speculators who wanted it to be that much.
I suspect in time the market will dictate that the guitars are worth more than the $1850-2450 most people paid for them, but to think the current prices are any indication of long-term value is silly and anyone who pays those prices is making a bad financial decision, IMHO of course.
Furthermore, Dan is still making guitars and has stated that he will continue to make guitars until he runs out of materials. You can no longer get on the list, but there are still Danocasters entering the market.
If you own a Danocaster and sell it for a ridiculous amount, more power to you. I'm actually more curious about the people that would buy at a ridiculous amount. Dan seems like a nice guy and seems to make a fine guitar, but who really thinks Dans guitars, built from wood and materials sourced from third parties, are worth anywhere near what some people are asking?