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If I were to bust the budget for anything it would be an amp rather than a guitar though. Currently playing a Squier VM Mustang and it does for me what all the more expensive guitars I've had couldn't do and I can't really think how paying another grabs on top would make it any better really. Whereas amps sound more different than each other or have more variation in features so if I could get something I liked the sounds of with the right outputs and power ratings etc then I might venture above £500, however it's not likely. I've learnt to lose the vanity which encouraged "better" instruments and amps and realise that actually, I'm rubbish and therefore actually a Digitech modeller and a child size guitar is more than enough for me
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I'd fairly happily spend up to 3k or so on another guitar that's up there in quality, but I'm finding those hard to find. I do wonder if a CS Strat (or even vintage) would be a nice thing to have, but I'm not sure whether I would actually get any more enjoyment or utility than I do with my old-faithful bitsa.
I know value is what people will pay, but I don't see any evidence that anyone does, for this sort of thing - sellers and dealers advertise them at that sort of price, but that doesn't mean they actually sell for that. As a musical instrument it's not really going to be any different from any standard Strat either - they all vary, it may be a good one or it may not.
I know you don't have the money anyway, but even if you did then buying something like that would be a very unwise investment, I think. At least with vintage guitars there is a large market, and evidence that they do sell for at least something in the ballpark of that kind of money in the real world - although I struggle to understand why, when you play most of them...
For what it's worth that old Les Paul Custom was something very special as a musical instrument, and it would have been a very good investment at £4K at the time as it turns out, but even then I wouldn't pay the £25K or so it's now worth unless I'd won the lottery and money was literally no object.
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The current dream is another headless, with the same old Telecaster pickup choice. This time I’ll use a Hipshot tuner bridge rather than bastardising another Overlord. That will effectively double the price of the guitar.
My previous builds have all been around the £250 to £300 mark, so I guess the current dream will be £550 to £600 with an oil finish.
Now I know that this thread was meant to be about how much you’d spend to buy a guitar. That’s really two different questions: How much would I consider spending to buy a guitar, and What would I have to pay to buy the type of guitar which I’d like? If I were buying then it would be from one of our small UK builders. They need to be designing and selling instruments around the £2,500 price point if they are to make a decent living. Just think of the hours that go into a build, plus the tooling and other workshop costs. So the answer must be £2,000 to £3,000. However I’d get more fun out of spending that sort of money on a bandsaw and a planer/thicknesser.
Personally, I think the near top level of most brands is my limit. That means I am happy to spend money on a Custom Shop Strat, but not Master Build. I am happy to buy a R8, but not a Tom Murphy one or not even a R9 (I know you can get a flame R8 and a light R8 just like a R9 so just have to wait). I would pay for a core PRS but not a wood library one etc.
About £3k thereabouts is my limit but I would wait for used or sale when it is nearer to £2k-£2500. That's my limit in terms of a number.
I have only once impulse bought a guitar, it was just under £500, more than i really had to spare, and pretty close to a dream guitar. Unfortunately it lived in a case for the majority of time i've had it.. time, destructive baby, space etc, so only the original £250 was generally played, as that could hide behind a chair and was a bit tougher when dealing with children..
Little while ago started to get the itch again, for a Manson EVO-2.. (no longer available with the 2019 range.. ) again, this was around £1200.
Moving house, more space, less destructive child, more time, and the "new" guitar has emerged from it's case. And i remembered why i impulse bought it..
So i guess the answer would be possibly up to £1200.. but i've come pretty close to a dream guitar with £500 and i'm not sure i'm going to do much better.
As for justification, my personal joy is pretty high up the list of justifying factors, so as long as it's not at the expense of others, I don't feel that further justification is required.
It's really an academic argument, though, because the sacrifice required to free up that cash would impact my kids' lives negatively and I wouldn't do that.
Personally, after owning some very nice guitars, acoustics and flamenco guitars I myself have to appreciate I do not own 'dream' guitars but guitars be it very nice ones or otherwise - but most importantly they just guitars - tools for making music.
The most I've paid so far is for a new 2014 Les Paul Standard, which was just over £2K (new). And I had to try a lot of Les Pauls over a long period before I found that one.
Ibanez JEM (or maybe an RG550 as a less expensive option)
PRS Custom 24 (something like the faded whale blue)
Charvel Guthrie Govan Signature HSH Flame
I just might buy a cheap Fender lookalike tweed case from Amazon, keep it locked, and then tell myself that I've bought the guitar but lost the case key. That would work, wouldn't it?