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If you can get over two-thirds of the new price in the used market, you're doing very well.
Both Gibson and fender have increased their prices across the board massively in the last decade.
As I’ve said before, my pet peeve is someone advertising that they’re looking for something - you message them - and then they tell you their ‘budget’ is significantly below the ‘going rate’. Given that sellers have to name their price in the classifieds here, I can’t see any reason why ‘wanted’ ads aren’t required to post a ‘my maximum price is’ figure....
HarrySeven - Intangible Asset Appraiser & Wrecker of Civilisation. Searching for weird guitars - so you don't have to.
Forum feedback thread. | G&B interview #1 & #2 | https://www.instagram.com/_harry_seven_/
A couple of years ago I sold a Fender 50's Classic Series Strat in surf green for £250.Given that they're £600 new now many would think i let it go for too cheap,but when you consider I paid £380 for it brand new I think I did ok.
At today's prices £350/400 would be a fair price,but I was happy,the buyer was happy.It's all relative.
Still regret selling it though.They're great guitars.
Equally I'll get a customer who paid £2000 for a guitar 1 month ago, purchased from another dealer, then think they'll get £1900 back for it - It won't happen - Granted they don't want to loose much, or indeed anything - So don't sell it and you won't loose anything
Are we seeing the top of the used market ? - Only if new prices fall and I don't see that on the horizon - Granted the Peach R8 deal is a great deal but these are exceptional items - I've never seen any business stay open for to long by selling £10 notes for a £5 - As prices have/are rising it will generally push the used market up with it, in due course - Certainly on popular brands and classic models - The 1/3 of the new price is always a good guide line, assuming it is still a current model - If it is a discontinued model, then it will depend on the model and demand etc as to where the price on the used market place will take it
I think a big difference on a classified price is if they need to sell it, to finance other personal bills, as some desperation comes into play - As against, if I sell it I might now buy XYZ so let's try it for sale at the inflated price and see what happens
Feedback
Would it be fair to say those in particular are bucking the trend somewhat ? They seem to be high and stay high.
but there are some ebay listers who are delusional. i honestly think they have some mental problem which blinds them to the concept of new things devaluing over time. too much 'antiques roadshow' and not enough reality maybe?
totally respect that. i haven't had the pleasure yet but my instincts about him suggest as much. i'd very much like to clone HarrySeven and replace 75% of the sellers of the world with those clones.
actually make that 80% of the england football team, 90% of the cast of eastenders and 100% of parliament.
non-price-drop 'bump-itis' is a terrible affliction that can go on for many months.
totally agree. personally i usually state a min-max depending on condition if i post a wtb. but a max figure would serve the same purpose just as well.