A new firm called Rare Guitar Club, is offering to hire vintage and rare guitars through its online members-only operation.
Set up by guitar collector and entrepreneur Sean Williams, the London-based club offers several different levels of membership which allows guitarists to take away one of a number of collectable guitars to use for as little as £10 a month.
The concept is based on the booming sharing economy which has seen the rise of companies such as AirBnB, which allows travellers to stay in people’s home as an alternative to using hotels and BnBs.
“Most of the vehicles for investing in guitars see them shut away in vaults and never seen again, which seems a terrible shame,” said boss Sean Williams. “I got into the notion of the sharing economy, I love collecting guitars as well, so I brought those two concepts together. Much of the sharing economy relies on trust. If you look at something like AirBnB, who would think that people would let strangers stay in their homes, but they do. Ultimately, we trust people. And of course our members are guitar lovers and they treat the instruments extremely well.”
The most basic package sees the user commit to insuring the instrument themselves, but the more expensive packages will have insurance cover included too.
