Comment Re:banjo is for poor people (Score 2) 101
Actually the highest priced banjo on eBay is currently going for $24,900. Some vintage 5 strings sell for ca. $75k or more; by my informal estimate your average bluegrass musician spends about $1.5k on their instrument, some more than that. Contrast that with how you can buy a serviceable electric guitar at box stores for $200. I don't know what the typical rocker is spending these days, and indeed some spend tens of thousands on old Fenders and Gibsons, but I'd reckon that bluegrass banjo players are anything but poor.