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Top Tier Vintage Guitar Index tops 10% for 2013, contributing to the soar in Passion Investments

Anchorage Capital Investment Management's Guitar Index, its index of blue-chip vintage guitar investments, was released today and suggests that the recent consolidation period in rare guitars has come to an end.


The Guitar Fund
The Guitar Fund
PRLog (Press Release) - Dec. 13, 2013 - LONDON, U.K. -- ACIM released the results of its Top Tier Vintage Guitar Index today, announcing an increase of 10% over last year's results.  ACIM's CEO, Tommy Byrne, elaborated, saying that "This year's results demonstrate that the consolidation in prices of the blue-chip vintage and rare guitars have likely ended and are poised to start climbing once again."  Prices of the most sought after vintage guitars had slowed down as a result of the global credit crisis over the past four years, however, the Top Tier Index never experienced an annual decline.

The Index was developed, initially as a guide for ACIM's managers in order to watch the price action on specific guitar models that would likely be acquired for The Guitar Fund (the "Fund").  The Fund, which is being re-launched this month, is structured as an offshore, closed end, $100 million investment strategy within the Collectibles asset class.  Its objective is to invest in highly sought after vintage and rare guitar models as well as memorabilia guitars, which were once owned by famous artists and were important to both their careers as well as to the styles of music they helped to develop.

Byrne went on to say, "The combined components of the Index survived two separate market down-turns (Dot-Com Bubble Burst 2000-1 and the Global Credit Crisis 2008-12) over the past 13 years without hitting negative territory.  The Index has increased over 312% since 2000 with an average annual return ("AAR") of 24% and 440% over the past 17 years delivering an AAR of nearly 26%".

Vintage guitars have consistently outperformed more mainstream Collectibles such as wine, watches and art over the past 20 years and the Managers of the Fund believe that there is currently a buying opportunity in the vintage guitar market.

Heather Dublin
+44 (0)20 7491-0900


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Contact Email:
***@anchorage-cim.com Email Verified
Source:Anchorage Capital Investment Management
City/Town:London - Greater London - United Kingdom
Industry:Entertainment, Finance
Tags:Collectibles Asset Cl, Alternative investmen, vintage guitars, private banking, wealth management, passion investments
Last Updated:Jan 12, 2014
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