Buying a Share of a Collectible Guitar? In This Market, You May Get Shredded.

📆 25/9/2021 01:45:00
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Heard on the Street: Guitar companies like Gibson are selling shares in rare instruments, giving rock enthusiasts a way to combine business and pleasure

This month, American guitar maker Gibson said it would use Rally, a site specializing in collectibles, to issue shares in prototype instruments designed in collaboration with famous

players. Ownership of an EDS-1275 doubleneck model approved by Slash, of the band Guns N’ Roses, was chopped into 13,000 parts and sold for $5 apiece to 562 investors in just two hours.

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Should put the proof of ownership on a block chain, with a cool nifty of the instrument limited to number of shares issued in the guitar.

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