Gibson Files for Bankruptcy

Discussion in 'General Music Discussion' started by Dredg, Aug 25, 2017.

  1. JSanta

    JSanta SS.org Regular

    Messages:
    827
    Likes Received:
    354
    Joined:
    Aug 20, 2012
    Location:
    Rochester, NY
    I think I'm having a difficult time conveying what I'm trying to say. Vision can mean a lot of things - I'm hoping that whomever takes over the company (guitars specifically) has a similar vision as to what happened with Fender post-CBS. Recognize that many of the quality controls have gone to hell and figure out a path forward. That's the type of vision I meant to convey.
     
  2. ESPImperium

    ESPImperium @ESPImperium

    Messages:
    589
    Likes Received:
    278
    Joined:
    Jan 10, 2008
    Location:
    Glasgow, Scotland
    Wonder if i can buy a Epi Zakk for $368???

    Am i glad i got my Les Paul Standard Faded when i did as its now gained in value with this news, and also this is why i have switched to PRS and Fender over the past decade or so.
     
  3. MaxOfMetal

    MaxOfMetal Likes trem wankery. Super Moderator

    Messages:
    31,401
    Likes Received:
    11,725
    Joined:
    Aug 7, 2008
    Location:
    Racine, WI
    I understand what you're saying.

    I think they need to get someone who isn't already part of the guitar industry. An industry notoriously bad at the managing of large manufacturing businesses.

    They need someone to whip thier ISC into gear. Someone who has worked in manufacturing and knows how to manage both people, equipment and quality.
     
    cwhitey2, Mathemagician and JSanta like this.
  4. narad

    narad SS.org Regular

    Messages:
    7,568
    Likes Received:
    6,102
    Joined:
    Feb 15, 2009
    Location:
    Tokyo
    Let's get a version of Gibson that's a full Musk-esque assembly line of robots. At least that way their glassdoor reviews would be less dreadful.
     
  5. coupe89

    coupe89 SS.org Regular

    Messages:
    216
    Likes Received:
    46
    Joined:
    May 25, 2007
    Location:
    PEI
    Wonder what this means for the life long warranty on the Les Paul i just bought.
     
    M3CHK1LLA likes this.
  6. Darkscience

    Darkscience SS.org Regular

    Messages:
    43
    Likes Received:
    46
    Joined:
    Sep 11, 2016
    Location:
    Shreveport, LA
    If the future Gibson starts to make high quality guitars, (unlike the current Gibson), than it is possible that the older guitars lose value, with the exception of certain models. Future guitar buyers in the used market will likely stay away from the pre-bankruptcy era as it has a pretty bad reputation.
     
  7. MaxOfMetal

    MaxOfMetal Likes trem wankery. Super Moderator

    Messages:
    31,401
    Likes Received:
    11,725
    Joined:
    Aug 7, 2008
    Location:
    Racine, WI
    Possibly, in the VERY short term.

    Look at 70's Gibsons and early CBS Fenders. Those were objectively terrible times for both companies as far as the quality and consistency of the product.

    Prices on both have been steadily rising for years and are closing in on "golden are" models.
     
    AxeHappy likes this.
  8. Darkscience

    Darkscience SS.org Regular

    Messages:
    43
    Likes Received:
    46
    Joined:
    Sep 11, 2016
    Location:
    Shreveport, LA
    Very good points, my gut tells me I am probably right like you said short term. Long term anything can happen and history has shown the value of those guitars to go up.
     
  9. MaxOfMetal

    MaxOfMetal Likes trem wankery. Super Moderator

    Messages:
    31,401
    Likes Received:
    11,725
    Joined:
    Aug 7, 2008
    Location:
    Racine, WI
    Production guitars are a shitty investment. The days of contemporary instruments gaining significant value are over.

    Though, the folks who do pay a premium for "vintage" gear or stuff from particular times in a company's history aren't really concerned with actual instrument quality.

    Additionally, I think folks are not quite grasping how this bankruptcy and restructuring process works. Its not like the facilities are going to shutdown immediately, if at all. The whole point is to keep things running as it's hard to make money back with a dead facility. There likely isn't going to be any changes felt on the guitars.
     
    AxeHappy likes this.
  10. Dekay82

    Dekay82 SS.org Regular

    Messages:
    158
    Likes Received:
    57
    Joined:
    Nov 30, 2013
    Location:
    New York, NY
    If they’d only make more Slash signatures and raised their prices.
     
    tedtan, Dineley, fps and 7 others like this.
  11. groverj3

    groverj3 Biologist/Guitarist

    Messages:
    2,328
    Likes Received:
    476
    Joined:
    Jan 2, 2012
    Location:
    Tucson, AZ
    I wouldn't venerate him too much. I hear nothing but bad things about what it's like to work for Tesla :lol:
     
    AxeHappy likes this.
  12. narad

    narad SS.org Regular

    Messages:
    7,568
    Likes Received:
    6,102
    Joined:
    Feb 15, 2009
    Location:
    Tokyo
    Well then you have to give them credit for letting the robots have negative opinions of the workplace.
     
  13. BenjaminW

    BenjaminW SS.org Regular

    Messages:
    460
    Likes Received:
    272
    Joined:
    May 9, 2017
    Location:
    San Francisco, California
    I was reading over at MyLesPaul that Bonnamassa was exploring the idea of financially taking over Gibson. Thoughts on this?
     
  14. MaxOfMetal

    MaxOfMetal Likes trem wankery. Super Moderator

    Messages:
    31,401
    Likes Received:
    11,725
    Joined:
    Aug 7, 2008
    Location:
    Racine, WI
    See above.

    I don't feel he has the experience running a large scale manufacturing plant. Knowing about the product doesn't mean knowing about how to make that product happen.
     
    BenjaminW likes this.
  15. HeHasTheJazzHands

    HeHasTheJazzHands greg rulz ok

    Messages:
    24,202
    Likes Received:
    5,980
    Joined:
    Jun 18, 2011
    Location:
    Louisiana
    According to Dave Weiner, who also believed it at first, it's just a rumor that ended up being fake.

    [​IMG]
     
  16. The906

    The906 Contributor

    Messages:
    1,778
    Likes Received:
    1,521
    Joined:
    Feb 5, 2018
    Yeah, I was going to say...in a scenario where he's like 1 of xxx share holders investing into a buyout...maybe...but with a discrete, purposeful mgmt team running it.

    I also heard on the internet that Joe Satriani is buying out Ernie Ball then shutting it down so he can spend more time with his family.:lol:
     
    Last edited: May 1, 2018
  17. BenjaminW

    BenjaminW SS.org Regular

    Messages:
    460
    Likes Received:
    272
    Joined:
    May 9, 2017
    Location:
    San Francisco, California
    True. Only time will tell in this case.
     
  18. JoeyBTL

    JoeyBTL SS.org Regular

    Messages:
    688
    Likes Received:
    174
    Joined:
    Dec 15, 2010
    Location:
    York, PA
    Anyone excited to see the "pre-bankruptcy Gibson" tagline used in f/s ads now?
     
    gienek likes this.
  19. The906

    The906 Contributor

    Messages:
    1,778
    Likes Received:
    1,521
    Joined:
    Feb 5, 2018
    "Henry J era"?
     
  20. Andrew Lloyd Webber

    Andrew Lloyd Webber Super Duper Moduraturr

    Messages:
    827
    Likes Received:
    1,344
    Joined:
    Nov 12, 2017
    I heard it from Edison!
     
    groverj3, USMarine75 and BenjaminW like this.

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.