"Mandolins do not 'hold their value'"
Mandolins , and any other commodity, does hold its value. The "value" is established by the buying public when the item is offered for sale.
Holding the original purchase price, or appreciating at the annual inflationary increase is another matter.
And there are the very few instruments that do appreciate beyond original, or inflationary price.
Musing about holding value implies eventual sale. A predetermined course of action ?
One other thought, I see "value" and price to be different.
Best of luck.
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