Originally Posted by vaijem777
I've had a couple of older PRS', as well as several newer ones. The older ones definitely have a more hand-made feel to them. They seem to sing just a bit sweeter.
That's because back then, they probably were
hand-made. Once their popularity took off, they started being made mostly by machines.
The one thing that PRS has going for it these days is a really strong name. PRS guitars are holding and even appreciating in value on the resale market. Good for collectors, not so good for players who want to pick one up. However, the same thing was happening with Les Pauls in the '70s and Strats in the '80s. Fenders and Gibsons have mostly leveled off in value these days, as i'm sure PRS will once the frenzy dies down.
That said, you can probably get as good or even better guitars from any number of smaller, boutique builders (McInturff, Warrior, etc.), but they won't necessarily hold their market value as well as a PRS because of their lesser-known name.
The true answer is that PRSes are worth what people will pay for them... judging by the prices on the market these days, the answer (from an economic standpoint) is, "Yes."
Are PRSes good value
for the player? That's an entirely different question.