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kt66

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dazzajl

Assuming they did win it for the £80 auction price, by the time they’ve paid the fees, had it shipped, checked it over, set it up and put new strings on it, they must be in for over £200. Seems about right to me. Not there’s much as tough as making a retail business work in this climate. 

stickyfiddle

If it's a good guitar it's a good guitar, but random custom stuff isn't what sells well at auction. And don't forget buyer's premium puts it over 100.

I like it and assume it's better than an Epiphone but not as good as a Gibson*, otherwise GV wouldn't try and sell it for that price.

* obviously I realise there's a big crossover between a great Epi and shit Gibson, but you know what I mean.

ThorpyFX

https://guitar-auctions.co.uk/how-to-bid/

Yeah I don’t think it’s as simple as all that though.... the shop,will have paid  £80 plus 20% buyers  fee which makes £96. Then add vat to the buyers fee of £3.20

so £99.20 cost.

Then they have to add vat into the total so on £399 that’s £66.50 of vat..

and before they can sell it needs checking over,, potentially fixing, new strings, setting up, photoing  and listing ..... all of which costs money.

Henrytwang

Not an unusual mark up. As a guitar addict I’ve been buying and selling guitars over many decades. As a rule I’ve found that if you’re selling a used guitar a dealer will almost always offer you a ridiculously low price, on the other hand if you’re buying a used guitar the dealers price will usually  be much higher than you’d expect to pay privately. It’s just a fact of life, if you really want it and the dealer’s got it you just have to pay up, (I’ve had to on the odd occasion).