While many people choose to purchase a used guitar in order to save money, others buy used instruments as investments.
And now, according to a recent Reuters article, experts say the market for vintage instruments is poised to rebound, after values fell as much as 30 percent in the past few years.
"I am very bullish on the vintage guitar and instrument market in general," Hello Music's Rick Camino told the news source.
The recent auction of late guitar legend Les Paul's instruments and memorabilia may illustrate that vintage instruments are worth more now than they were a few years ago. His 1951 Fender No-Caster - with a value estimated between $40,000 and $60,000 - sold for $216,000 in June.
Music experts say that American-made Gibson and Fender guitars from the 1950s and 1960s remain among the most valuable in the collector's market. Others that command a high price at auction include vintage Rickenbackers and Martin, Gibson and Guild acostic guitars.
While some purchase these instruments as investments, others say the tone and style of vintage instruments make them desirable.
"I was one of those guys who was not into collecting for the investment value, but because these were cool, old guitars," collector Nate Westgor told Reuters.