“The guitar is an investment that increases in value every year.”

Active for 27 years at PricewaterhouseCoopers where he developed within California, the former Director of Training at the Chamber of Commerce, Luke Henzig (62) has now joined the Ministry of National Education, Children and Youth as a Continuing Professional Education Consultant. A job he holds parallel to the presidency of the Amplified Music Center (which notably manages Rukhal music). A role perfectly suited to this rocker at heart, who failed to shine on musicals (“I quickly realized my limits,” he smiles), set out to collect guitars. To the extent that today it is an international reference in this field and has even been shown in the Groninger Museum (in the Netherlands), a famous museum of modern art.

As part of the Esch2022, it is at Skip, a stone’s throw from Rockhal in Belval, that part of his collection (about forty pieces) is on display. The exhibition is called Live, Breathe and Sleep Guitars and runs through early October.

“The guitar doesn’t really work with young people anymore. It doesn’t attract them anymore. But the enthusiasm will be reborn at some point…”, slips Luke Henzig. “And maybe an exhibition like this can help…”

How many guitars do you count?

Luke Hentzig. – “We shoot about 700 pieces, but it’s not just guitars. There are also amplifiers, bass, (guitar) cassettes, etc. I really started this group seriously in 2003. It was intense at times. Some weeks I would buy up to three Various items.When you are occupied with passion…My goal has never been to hoard or show off.Moreover, the small museum I created in Aboeler (Bitmburg) is above all a meeting place. From now on, I have ceased to welcome the public, but no Musicians can still access it. By appointment, you can come and play some of these guitars. An instrument that is there to use, not to stay on display.

“The guitar that touches me the most emotionally is Alan Wilson (Canned Heat) Les Paul. It’s the one he used on the Woodstock stage in 1969.”

(Photo: Matek Zurman/Modern House)

What is the piece you are most proud of?

“The collector will always tell you that the most exciting is … the next (smiles, editor’s note). But of those introduced during this exhibition, the one that moved me most emotionally was Les Paul by Alan Wilson of the Canned Heat collection. It is the image that He used it on the Woodstock stage in 1969. Moreover, if you look at the old photos on Youtube, you will only see them during the first seconds of the videos.Woodstock was a hallmark of my youth…

53 years later, there shouldn’t be much instrument left during the three days of the festival…

“I only know one more guitar: the one that Alvin Lee uses. She is with her daughter today. I was offered one day, but at an absolutely unreasonable price…

My association with Alan Wilson’s guitar goes beyond being in Woodstock. Kand Hit and guitarist are legendary. Wilson is part of the 27-person club (the nickname given to a group of famous rock and blues artists who died at the age of 27, the editor says). Certainly not the most famous name. We will most easily mention Jimi Hendrix, Janis Joplin, Brian Jones, Jim Morrison, or Kurt Cobain and Amy Winehouse. But those who know the history of music know the importance it had. Having his guitar is very impressive.

Such a guitar should represent a great investment…

“The price of a guitar depends on many factors. In an auction dating back two or three years, two guitars went to David Gilmore (Pink Floyd) for $3.9 and $1.8 million (donated to fight global warming, editor’s note). I assure you, I obviously haven’t spent such a sum on a musical instrument. I can’t afford it. There is such a disproportion to the intrinsic value of the object. Even with potential sentimental value. These are just two Fender Stratocaster “monsters.” Mass-produced beings. No It has something to do with the Stradivarius violin, for example.The fact that guitarist Pink Floyd got his hands on it can’t explain such a price explosion.

The fact that guitarist Pink Floyd got his hands on a guitar can’t explain why the price of this guitar has soared to $3.9 million.

Luke Hensig

Luke Hensig, Guitar Collector, CMA Chair, Advisor to the Ministry of Education

As in all collector’s markets, copycats must be legion. Did you deal with them often?

“I don’t think I’ve experienced that much. But it’s clearly there. Some names have been mentioned too, especially on the Denmark Street side in London. This is an area of ​​musical instrument shops. Personally I’ve always tried to stay away from those who give you ‘fantastic shows’.” Most of the time, I buy directly from the artists. 60-70% of my collection was obtained in this way. After that, I obviously had doubts about certain things …

Example?

“The guitar that was (or presumably) owned by Elvis Presley. He would have it as a gift, before he himself gave it to his guitarist, after the latter’s family decided to sell it upon his death. I requested and received a notarized deed confirming the source. This indicates that this The guitar was going to be shown for a while in Nashville… The problem is that the biographer of the person who was supposed to show it to Elvis called me to say that this guitar had no memory. Such a scenario? It happened in the 1960s, and who today remembers what he did in That time…maybe it was also this person’s manager who gave it in his name to Presley…but anyway, I have my doubts.All this is the same investment of ten thousand euros.At the same time,it’s also a guitar in good condition from 1966. That alone gives it value very close to the price I paid.

For each object, there is a lot of work in terms of documentation, research, searching in specialized journals or browsing videos available on the platforms. So I do some kind of due diligence.

Luke Hensig

Luke Hensig, Guitar Collector, CMA Chair, Advisor to the Ministry of Education

As in other art-related markets, endorsement allows you to value your property. But we understand that sometimes getting…

Whenever possible, I always ask for a certificate of endorsement. For example, a guitar strap that Jimi Hendrix had drawn himself came with a letter signed by Noel Redding endorsing it. Redding was the guitarist for Jimi Hendrix’s trial and he was the one who sold it to Bonhams, London. But from It’s true that for each object there’s a lot of work to be done overall in terms of documenting, researching, researching niche journals or browsing videos available on the platforms. I stick to it every time. So I do some kind of due diligence.

Like an investor before ending his transaction…

Besides, a guitar is an investment. Although it is not my way of thinking, it has been proven to be an investment that increases in value every year and, in the long run, generates a certain return. Like a car. However, you will have much lower costs over the course of the years.

Then, like I said, checks are sometimes complicated. Back in the ’60s or ’70s, you couldn’t pull out a smartphone to immortalize a concert. Photos were not popular, and videos even less. Therefore, when in doubt, sometimes I abstain. I have desires but I know how to keep my passion.

The famous hand-painted belt by Jimi Hendrix.

(Photo: Matek Zurman/Modern House)

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“The guitar I am most proud of? The collector will always tell you that the most exciting thing is… the next thing.”

(Photo: Matek Zurman/Modern House)

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How do you determine the height of the investment you wish to make?

“I have an equation that involves taking the market price of the instrument product, which thus represents its intrinsic value. I associate this with a multiplier related to the reputation of the bad musician who used it. Next, I note how close the amount I get is to the amount offered to me. If the gap is small, emotion can You take charge. On the other hand, if the difference is too much, I try to forget. I still have an economic base (smiles, editor’s note).

So the nearly 30 years I spent auditing PwC is an asset?

“Clearly! It made my head. You could even say it has become second nature to me. Every new transaction, I deal with it through risk analysis.

What room do you dream of having?

“Robert Fripp, one of the founders of King Crimson, is one of his ‘Guitar Heroes’…One day I was offered a guitar as one of his guitars. But that doesn’t fit with what I know about him. Found any trace of it in my research as well. Anyway, I didn’t believe the story I was told… I also don’t have Eric Clapton’s guitar. Well yes, I do have a signed ‘String Artists’…

My 30 years at PricewaterhouseCoopers have shaped my opinion. (…) I treat each new transaction through risk analysis.

Luke Hensig

Luke Hensig, Guitar Collector, CMA Chair, Advisor to the Ministry of Education

Artist series?

“In the ’80s some icons became so important that replicas of their instruments were mass-produced for the general public. And Eric Clapton was the first to use the guitar. So, I have ‘chain artists’ signed by him. It’s another part of music history. But he didn’t play Then, on the other hand, I also have the speaker for the projector that accompanied it from the 1960s to 1972, in the time of Derek and Domino…

Did your group allow you to meet some of your idols?

Maybe not the ones I put above everything but the important names. I can cite Steve Vai, guitarist Frank Zappa, Ray Monette, who worked at Motown, or Arlen Roth who played with the Bee Gees, Bob Dylan, Ry Cooder, etc. .


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