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December 7, 2024

Fender CEO Andy Mooney on the classic guitar market Guitar Contact

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Fender CEO Andy Mooney has weighed in on the surge within the recognition of classic guitars and the way he doesn’t suppose it has a “large impact” on the business.

With Slash lately talking out in opposition to collectors overspending on classic guitars for the mistaken causes and famend guitar connoisseur Joe Bonamassa condemning “elitist” collector tradition for retaining aspiring classic gear experimenters at bay, it’s clear that the rise in demand for classic devices has been met with equal scrutiny.

In a brand new interview on The Zak Kuhn Present, Mooney explains that whereas there’s a rising affection for classic guitars, their rising recognition doesn’t considerably influence the broader dynamics of the market.

“I don’t suppose it typically has a giant impact. However the place I do suppose it makes a distinction is on restricted version runs,” says the chief [via Ultimate Guitar]. “I may see individuals who purchased the Jack White guitar, or the John 5 guitar… They’re shopping for it simply to commerce it.”

“They’ll purchase it, they’ll put it of their assortment. They’ll maintain it for 4 or 5 years. So, I believe, as was the case in my final life in Nike, I believe limited-edition merchandise can respect worth.”

That stated, “I’d by no means encourage folks to purchase them due to it,” Mooney continues. “However I believe it does assist folks sort of recover from [thinking], ‘Am I actually going to pay $5,000 for this guitar?’ Sure, when you’re having a dialog together with your associate that claims, ‘Nicely, I may promote it for $6,000 subsequent 12 months’, even when you by no means do, it helps you recover from that hump [chuckles].”

“However typically talking, I don’t suppose it’s a large issue within the business.”

Elsewhere within the chat, Mooney additionally notes how “digitisation is altering the panorama fairly a bit”, in addition to Fender’s “very bold” digitisation plans transferring ahead.

“I’m actually pleased with what we’ve achieved with the Tone Grasp Professional however it’s actually simply step one,” Mooney teases. “Now we have very bold plans in that house – each on the efficiency aspect with Fender but additionally on the recording aspect. As a result of we positively are seeing a sort of nearly tidal wave of creators coming into the market who’re going to create in lots of many alternative methods from how I used to create after I was their age. So I’m massively optimistic concerning the future.”




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