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70's Fender basses can be had for that amount and they are going up in price.
Not a huge return to be had but probably the best thing in guitars at that point right now.
You'd probably do better buying cheap stuff here and being patient about finding buyers for it on gumtree.
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But either way, not only is £1,500 not much dosh, but it should be considered a speculative & higher risk purchase rather than an 'investment'.
He'd be best off spending that £1500 on bargains found on gumtree, ebay or other free ad sites. Guitar shops, believe it or not are another place to score bargains. The 'experts' behind the counter don't always know as much as they think they do.
If he buys the right guitars or amps he could at least double his money in a month. There are people on here who do it for a living, they won't admit it but they do!
If it's guitars he's adamant about, older Les Paul models and older Prs guitars are going up in value.
With that kind of sum I'd buy a nice second hand Gibson or Fender, play it, enjoy it & HOPE to recover my outlay if I chose to sell.
If he wants a £1.5k guitar that won't lose money then look at used CS Gibsons and CS Fenders because they hold their value well.
But don't expect anything at that price to appreciate.
Cleaner the better and original are better options by the sound of things
@robinbowes Does you mate mean invest in the true meaning of the word? Or does he just want to buy a nice guitar for £1500?
Over the past 4 years i think I've had maybe 8 cheap Squier strats from Gumtree. I buy em, clean em, restring em, set em up properly & sell for £20 profit.