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George Harrison ‘I Want to Hold Your Hand’ guitar

More than 50 years after being used to record Beatles hit ‘I Want to Hold Your Hand’, George Harrison’s Rickenbacker 425 electric guitar managed to sell for $657,000 at an auction in New York last month. It’s not the only famous guitar sold recently: the Fender Stratocaster that Bob Dylan played at the 1965 Newport Folk Festival fetched $965,000 last December, making it a record for an auctioned guitar, according to Christie’s. It's not only guitars that belonged to renowned musicians that make good investments–vintage and rare designs can provide hefty returns as well. In 2008, London investment firm Anchorage Capital created the Guitar Fund, a hedge fund specialised in buying such assets. The fund says its objective is to outperform the 42 Guitar Index, created by Vintage Guitar magazine. The index has gone up 7.9% this year and 84.6% in the last 10 years, outperforming the S&P 500 on both accounts. The 42 Guitar Index, however, excludes some of the rarest items that can provide most value. For those wanting to invest in vintage guitars, here are some models that are likely to increase in value with time.    (Photo credit: Julien's Auctions)

Former Reporter

As George Harrison's guitar used to record ‘I Want to Hold Your Hand’ fetches $657,000 at auction, we look at the hefty investment returns on offer from vintage guitars. Words by Jon Sindreu.

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