$25-$30 for a basic ukulele- uke you can afford the basic instrument and get an instrument with a more expensive finish
$50-$100 for a better ukulele, with all the bells and whistles, and extra-high strings
How much of a purchase is in reality a personal investment in someone’s livelihood?
It’s a personal investment for many people. As I’ve seen it work out, people will buy ukuleles because of their own intrinsic desire to hear and play a real instrument.
So how much is the typical lifetime value, and where do you stand?
There’s nothing we can say about buying ukulele instruments in their “prime”. You can only estimate the total value of a given instrument over their lifetime. Some instruments will have a lifetime value of about $100,000, others will be worth $1 million, but a few will be worth millions.
This does not mean that you’re just getting a free instrument. In fact, it’s quite possible you’ll own several instruments that you wouldn’t usually want a $1.2 million instrument for. So it’s never a guarantee you’ll get a $1.5 million instrument – just an indication of the potential value in it.
This means that in general, the total price and life expectancy of a guitar is likely to be considerably higher than on an instrument costing $20,000.
To get a better picture for what it really cost to buy an ukulele, and what kind of returns you’ll get, we have to take into account this cost and whether you’ll actually be playing it.
How much would you pay to play a good instrument?
Obviously if you’re going to buy your instrument, you really want the quality – if you have the equipment, and the right lessons to learn music. If you’re going to buy it for playing, then you’ll pay what it costs – at least until you get your first instrument.
If you get a “free” instrument, you’ll almost always be paying for the experience, and you’ll be stuck paying a huge price in terms of enjoyment.
So how does this impact your investment in the instrument?
First, the value you’ll get if you buy and play a good instrument is limited compared to a good instrument that costs more $100k or more. The lifetime value is obviously much higher.
There will only
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