I have read through this thread with some interest, and based on my personal experience I decided to do a bit of research, and I would like to highlight some things that would be best to consider, IMHO, when thinking about what guitar to purchase and why.
Firstly the cost of a modern day guitar. Letās take a Gibson and Rickenbacker, both of which could be considered the great grandfathers of modern guitars. Fender came along somewhat later in the 1950s, but I obviously would not exclude them in having a major impact on the industry and music generally, and they at the forefront of modern mass production with the release of the Fender Broadcast in 1950, which became the Telecaster.
I actually purchased a new Gibson SG Standard for £395 in spring of 1979, and a lovely guitar it was. Taking £395 and adding UK Consumer Price index for inflation up to today
1979 ā Ā£395 Ć 6.5674 ā Ā£2,595 in 2026 money. The cost of a new Gibson SG Standard today Ā£1,699 (Gibson UK) price, so in relative terms it is cheaper to buy than 40 years ago.
A Rickenbacker 330 - US$450 ā $700 (new retail price in 1980), taking $700 and converting to using the exchange rate then it was around Ā£300. Ā£300 in 1980 is equivalent to about Ā£1,650 ā Ā£1,700 in todayās money. Approximately Ā£350 ā Ā£450 GBP (new retail price in the UK, 1980 estimate) , taking Ā£400, a similar price to the SG. The cost of new 330 one today is around Ā£2400 also a little bit cheaper relatively.
Fenderās original instrument was around $229 in the US in 1950 (ā Ā£80). UK prices have increased by roughly 32ā35Ć from 1950 to the mid-2020s using CPI/RPI. Ā£80 Ć ~33 ā Ā£2,640. Current day cost of an American produced Tele is around Ā£1700 to compare a similar build quality, although there are Mexican manufactured models for just over half the price.
So the reality is that whilst current day Gibsonās, Rickenbackerās and even Fenderās may seem to be expensive, in relative terms they are not.
In the 1930-1940ās Kay(Kay Musical Instrument Company), Chicago based with heritage going back to the 1890ās, became one of the largest guitar manufacturers in the world. One of the first companies to mass-produce electric guitars. Brand-new Kay electric guitar in the 1940s likely sold for about: ā $75 ā $125 (US dollars), so a budget guitar of the day. A realistic UK shop price then could easily have been closer to Ā£25āĀ£40. But today that would be Ā£25 (1948ā49) ā ā Ā£1,000āĀ£1,125 today, Ā£40 (1948ā49) ā ā Ā£1,600āĀ£1,800 today.
What does that tell us, well guitars ranging from £350 to £1000 today are actually very cheap. How is that possible, the simple answer is MASS production on a big scale using cheaper components and as cheap as possible labour to keep build costs down. Tstrong texthis can raise quality control issues and long term reliability of components, and is often discussed in guitar press and media.
In summary of the above the perceived high prices of a premium guitars from Gibson, Fender of Rickenbacker and a few others is actually false, it reflects how they are produced and materials used.
If you look at manufacturers this is how it cuts in terms of biggest:-
Biggest overall: Yamaha
Biggest guitar-only brand: Fender
Biggest behind-the-scenes builder: Cort
Brands Cort has built guitars for (varies by era and model line)
Fender ā selected Squiers and entry/mid-range electrics
Ibanez ā large numbers of RG, SR basses, and other models
PRS ā especially PRS SE models
G&L ā Tribute series
Schecter ā many Korean & Indonesian models
ESP ā LTD series
Squier ā historically important OEM partner
Music Man ā Sterling by Music Man
Yamaha ā selected electric & bass models
Where Cort makes guitars:-
South Korea
Cortās original base
Higher-end production historically (1990sā2000s)
Fewer guitars made here today, but still important for design and oversight
Indonesia (Cortās biggest hub today)
Main factories: Surabaya
Produces huge volumes across many brands
Known for very consistent quality in mid-range instruments
China
Entry-level and beginner models
High automation, lower labor costs
Why you donāt always see Cortās name
OEM contracts often forbid branding or publicity
Brands want their guitars perceived as āin-houseā
Cort focuses on manufacturing scale and efficiency, not marketing hype
Ironically, Cort-branded guitars often use the same factories, tooling, and workers as guitars costing much more with famous logos on the headstock.
Here are some things to consider:
1. Build Quality
Cort-built
Very consistent, especially in midrange manufacturing (Korea/Indonesia/China)
Good quality control at scale
Materials range from basic to very solid depending on spec
More assembly-line precision than artisanal finishing
In-house Fender/Gibson
Often more refined detailing
Smoother fretwork
More hand-setup attention
Higher-grade woods on many models
Typically stricter quality control at boutique levels (especially Gibson USA, Fender Custom Shop)
Bottom line:
Cort can match many in-house standards at similar price points, but premium Fender/Gibson usually edges ahead in finish and feel.
2. Materials & Components
Cort
Uses decent woods and hardware appropriate for target price
Electronics (pickups/pots) are often generic or house-brand
Can vary greatly depending on contract/brand spec
Fender / Gibson (In-House)
Often use higher-grade tonewoods
Proprietary pickups (e.g., Fender alnico single coils, Gibson humbuckers)
Brand-specific bridges, nuts, tuners tailored to feel and tone
Bottom line:
Higher-end Fender and Gibson guitars typically have richer woods and better pickups; Cort models are good, but usually non-signature hardware.
3. Craftsmanship & Setup
Cort
Factory setups are usually adequate for price
Many players choose to upgrade or adjust the action for personal feel
More uniform, less bespoke
In-house Fender/Gibson
Better out-of-box setups on many models
Small adjustments often already dialed in
Custom Shop guitars often get individual hand setup
Bottom line:
Premium Fender/Gibson frequently feel better out of the box; Cort may need some setup work.
4. Tone & Playability
Cort
Neutral tone profile; depends heavily on pickups/electronics
Great playability in many midrange models
Solid for practice, gigging, and entryāpro levels
Fender / Gibson
Distinctive tonal signatures:
Fender: bright, open, dynamic
Gibson: warm, thick, sustain-rich
Often more expressive and musically nuanced
Bottom line:
Fender/Gibson can offer more distinctive voice, though Cort is versatile and well-balanced.
5. Price & Value
Cort
Excellent value ā often undercuts similar spec guitars from big brands
Allows players to get good specs at lower prices
Fender / Gibson
Often premium pricing justified by brand heritage, materials, and labor
Higher resale value
Bottom line:
Best value per £: Cort
Best long-term prestige and resale: Fender/Gibson
Why would someone choose to purchase a higher end premium priced guitar, whether a Gibson, Fender, Rickenbacker or possibly hand built boutique?
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Likelihood of a better made guitar, better materials, electronics and hardware.
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A better long term resale value.
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A more distinct voicing, although some Cort produced ones can get close.
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Likelihood of out of the box set up being very good, with only minimal changes needed such as string height for personal preference.
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Buying into a Guitar brand and its history, and association with famous musicians.
Overall itās up to the individual to decide what fits best for them and along with the above obviously personal budget at the time of purchase will be a key driver.
A brief History of the greats:
Gibson begins with Orville Gibson, a Michigan instrument maker who believed guitars should be built more like violinsācarved tops and backs instead of flat boards.
1894: Orville starts building mandolins and guitars by hand.
1902: The company is officially incorporated in Kalamazoo, Michigan as the Gibson Mandolin-Guitar Mfg. Co.
Early Gibson instruments quickly gain a reputation for volume, sustain, and craftsmanship.
Fender was founded by Leo Fender, who famously didnāt play guitar. He was a radio repairman in Southern California obsessed with electronics and practicality.
1938: Leo opens Fender Radio Service in Fullerton, California.
Builds PA systems and amps for local bands.
Starts experimenting with electric lap steels and amplifiers.
This non-musician perspective is keyāLeo designs instruments like machines, not heirlooms.
The solid-body breakthrough (1950ā1954)
Fender solves problems other guitars couldnāt.
1950: The Broadcaster (soon renamed Telecaster) becomes the first mass-produced solid-body electric guitar.
Bolt-on neck, flat body, simple electronics.
Cheap to build, easy to repair, brutally effective.
Rickenbackerās roots go back further than almost any electric brand.
Founded in 1931 in Los Angeles as the Electro String Instrument Corporation.
Co-founded by Adolph Rickenbacker and George Beauchamp.
Their first hit: the āFrying Panā lap steelāthe first commercially successful electric guitar.
This predates Fender and Gibson electrics by over a decade.
Early pickup innovation (1930sā1940s)
Rickenbacker were hardcore tech pioneers.
Developed early horseshoe magnet pickups.
Instruments were loud, clear, and futuristic for the time.
Mostly focused on lap steels and Hawaiian-style guitars, which were wildly popular then.