Violins for bears

[Ole Bull]

So, now that we're in a bear market, the question arises: what happens to violin prices? Does a $15 K violin turn into a $13 K violin when the Dow goes from 11000 to 9500? Or does it hold that "value." What should buyers & sellers expect?

[tbloemer]

Well, Judging from the astronomical prices they are willing to pay for the stuff I see on ebay.....I'd have to say.... What resession? Just a wild guess, with interest rates still on the cheap....prices for quality merchandise will remain firm.

[RANDALL MONTGOMERY]

It seems when the stock market goes down, casual investors pull their money out and look for other investments. This seems to be when the gold and silver guys start advertising on the financial networks. Maybe folks will put money into vintage instruments looking for a hedge. I however have a bridge I need to unload (no, not that kind).

Randy.

[Leland]

As a starting point, the price does not go down. But, for a given sale price, there will be likely less willing buyers because of their financial constraints. Therefore, for those who have to sell, the price may have to come down.