Jump to content
Gibson Brands Forums

How does Gibson stay in business?!?!


Recommended Posts

3 hours ago, Larsongs said:

From what I see in the Market, Real Estate & General Consumerism there is no shortage of People with Money to spend..

Yes, but the majority of it is borrowed, as highlighted in Scales post.  Here in the U.K people are taking mortgages out that will still need paying after they've reached retirement age, they're all driving around in new BMW's and Mercedes that are on contract so will never own.

I think there's got to be another crash soon.  When the merry go round stops, someone is going to have to pay for the ride.      

Link to post
Share on other sites
  • Replies 102
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Are Gibson's prices too high?  Yes. Have they always been too high?  Yes. But they make the best electric guitars you can get so you suck it up and do it.

When I see the prices of the new Gibson's here in the UK its ridiculous when you look at the poor finishing.  Bad nut and fret ends being the main parts.  When you look at comparison guitars like PRS,

Guitars are the cheapest of instruments. Generally, USA guitars are realistically priced IMO. They just look expensive compared to Asian ones which are not realistically priced. Those are way too chea

19 minutes ago, IanHenry said:

...

I think there's got to be another crash soon.  When the merry go round stops, someone is going to have to pay for the ride.      

I think the next ten years are going to be rough (economically, socially, culturally, politically) here in the U.S., if not the entire Western world.

Link to post
Share on other sites

When I see the prices of the new Gibson's here in the UK its ridiculous when you look at the poor finishing.  Bad nut and fret ends being the main parts.  When you look at comparison guitars like PRS, Knaggs etc, the finish is a league above. Then there is the new  'Murphy lab' guitars.  Almost doubling the Custom shop prices and it's not even done by Murphy himself.  They go on about how authentic they are. The body is authentic, But the plastics are new and the fretboard isn't aged.  I can't see me buying a new Gibson for a long time,  if ever, 

 

  • Like 2
  • Haha 1
  • Sad 1
Link to post
Share on other sites
1 hour ago, Mr. Natural said:

I think the next ten years are going to be rough (economically, socially, culturally, politically) here in the U.S., if not the entire Western world.

Too bad so many of the spiritually delusional quite happily see it as The End Times. That makes dystopia an inevitability for the rest of us.

Link to post
Share on other sites

Supposedly Hank owned something like 39% of the place and, after he sold it, his net worth was like $800,000.  Subtract out the other stuff he owns - 2 cars, 1/4 of his house and the SG he broke - and you can get the idea of how much Gibson was worth when it sold.

Link to post
Share on other sites
19 minutes ago, Fish Crumpet said:

Too bad so many of the spiritually delusional quite happily see it as The End Times. That makes dystopia an inevitability for the rest of us.

I don't think it's "The End Times".  I just think things are going to be rough.

Link to post
Share on other sites
3 minutes ago, Mr. Natural said:

I don't think it's "The End Times".  I just think things are going to be rough.

I didn't infer that you did. I was responding to your imagined scenario. It might be worse than you think.👍

  • Like 1
Link to post
Share on other sites
2 minutes ago, Fish Crumpet said:

I didn't infer that you did. I was responding to your imagined scenario. It might be worse than you think.👍

I didn't think that you were suggesting that I was of the "spiritually delusional".  I suspect that most people here that have read my comments over the years have me pegged as a regular guy.

  • Like 1
Link to post
Share on other sites

I know a guy who bought a house not long ago. 10% down & monthly pmts on a 30 year mortgage.. He had the best Tax deduction an average guy can have..  The pmts he made over the next few years didn’t come anywhere near the cost of the house... He just sold it at a $350,000.00 profit after paying off the balance he owed on the mortgage... He is married so that is a Tax free Capital Gain.. 

Credit used intelligently can be leveraged to be a very profitable means to wealth!

There's a Mexican Restaurant in another town we haven’t been to for a while. We thought we’d go & hoped they survived the pandemic.. when we got there they had added 30, or so,  outside Tables to stay open.. Now inside dining is allowed & the inside was packed.  The outside dining area was also packed.. They expanded their business!

There are tons of stories like these.. Guitar manufacturers had the best year they’ve ever had during the pandemic.. Record sales..

Gibson already went BK & survived... They seem to be selling Guitars as fast they can build them.. They can’t build them fast enough! 

There is no doubt this past year has been difficult for many.. But, there is always a way.. You might have to relocate, re-educate, change professions or whatever it takes.. To stand in one place & say the sky is falling, the sky is falling doesn’t get you anywhere..

  • Like 2
  • Thanks 1
Link to post
Share on other sites

If you look at the current Gibson line-up, they have slimmed it right down.  There are no fat semis - jazz guitars, which were once a significant part of the catalogue.  They don't sell nearly enough these days - special order only. 

Link to post
Share on other sites
15 minutes ago, jdgm said:

There are no fat semis - jazz guitars, which were once a significant part of the catalogue.

Don't encourage them. Can you imagine a Super 400 covered in VOSnot?

As it is, the only new guitar I'd buy (the 355) is only available covered in slime.

  • Haha 1
Link to post
Share on other sites
31 minutes ago, Fish Crumpet said:

Don't encourage them. Can you imagine a Super 400 covered in VOSnot?

As it is, the only new guitar I'd buy (the 355) is only available covered in slime.

After having a USA Casino on Order for more than a year I’d like the option to buy one that is a Spec correct version of a 1965 with or without a Bigsby. Not the new one that is full of incorrect Specs..

Link to post
Share on other sites
1 hour ago, Larsongs said:

... He just sold it at a $350,000.00 profit after paying off the balance he owed on the mortgage... He is married so that is a Tax free Capital Gain ... 

I believe it is only a tax-free gain if you re-invest the gain into a new house within 12 months.  Otherwise, it is tax city ... 

  • Like 1
Link to post
Share on other sites
13 hours ago, 01GT eibach said:

I believe it is only a tax-free gain if you re-invest the gain into a new house within 12 months.  Otherwise, it is tax city ... 

A married Couple can take up to $500,000 Tax free Capital Gain on a Sale of a Private Residence... Anything over that can be Taxed if not reinvested in another Piece of Real Estate..

Link to post
Share on other sites

"I know a guy who bought a house not long ago. 10% down & monthly pmts on a 30 year mortgage.. He had the best Tax deduction an average guy can have..  The pmts he made over the next few years didn’t come anywhere near the cost of the house... He just sold it at a $350,000.00 profit after paying off the balance he owed on the mortgage... He is married so that is a Tax free Capital Gain.. "

Without more detail -   I can only question your definition of  'an average guy'.    

Link to post
Share on other sites
9 hours ago, Larsongs said:

A married Couple can take up to $500,000 Tax free Capital Gain on a Sale of a Private Residence... Anything over that can be Taxed if not reinvested in another Piece of Real Estate..

Thanks for the correction.  Clearly, my info was at least a little out of date.

Link to post
Share on other sites
On 5/30/2021 at 7:31 AM, Mr. Natural said:

I don't think it's "The End Times".  I just think things are going to be rough.

I don't think that.  In early 2020, the USA's economy was set to explode (and in a good way, I mean).  Then the pandemic hit which derailed everything.  Right now we are experiencing an inflationary speed bump as we exit (God willing) this pandemic period, for sure.  But I think that too will right itself in a short amount of time, with the economy capable of solid positive growth (even though being reined-in by the new administrations energy and regulation policies).  That all being said, the USA has been taking on scary amounts of debt, that -- with a robust economy -- we will be able to ignore like we Americans as the economy (hopefully, anyway) roars onward.  However, if there ends being a major war somewhere, another pandemic, etc., the story could be the exact opposite with that USA debt being the albatross around our neck.  

Link to post
Share on other sites

The Stimulus Trillions we are spending on top of budget over-runs and proposed budgets that are $6 Trillion -  will result in something more painful than an inflationary speed bump.  

  • Like 1
Link to post
Share on other sites

seems like they stay in business by finding  new owners. ( just so long as they make good product I care not )...

  • Like 1
Link to post
Share on other sites

Economies & Markets always have Ebb & Flow.. Its never Constant.. Even in this Twilight Zone Period of Time I will continue to bet on the USA.. 

As for Gibson, like everything else, they’ll never be perfect but I’ll continue to bet on their Guitars.. I believe them to be Collectible Musical Works of Art... 

Link to post
Share on other sites

I agree with P on price, I would buy more if the base price of a J 45 was 2 k not over 3k,  (cdn ) I believe selling basic models at 1999.00  cdn  would  generate more  $ in sales and SURLEY with modern equipment a j 45 or LP standard could be an  affordable git.  Hype shouldnt add to cost.  Credit financed sales wont save the shoppers , it benefits just the corporations.

Link to post
Share on other sites
6 hours ago, Sgt. Pepper said:

I just read the last few posts and I am now fully anointed Capital Gains Attorney / Lawyer.

I’ve been in the Real Estate business for 30+ years....

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...