I don't understand used prices in the current market...

Mike Eskimo

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It’s a blip. It will not last.

You cannot erase all the hundreds of thousands of guitars the boomers will be leaving when they die and the fractional amount of successive generations (Gen X/millennial/Gen Z) that have any interest in playing the guitar, thereby absorbing all those instruments.

- and most of those that do have the interest do not have the disposable income to keep prices up.

Ergo - prices will fall across the board .


MIM Strats to actual 1959 Les Paul’s.
 

Askwhy

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It’s a blip. It will not last.

You cannot erase all the hundreds of thousands of guitars the boomers will be leaving when they die and the fractional amount of successive generations (Gen X/millennial/Gen Z) that have any interest in playing the guitar, thereby absorbing all those instruments.

- and most of those that do have the interest do not have the disposable income to keep prices up.

Ergo - prices will fall across the board .


MIM Strats to actual 1959 Les Paul’s.
You can't erase them, but if there are (VERY unfortunately) another billion people in the world, the demand may be there.
 
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1stpitch

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The ads that get me are the ones that say, 'I paid XXX for it and I need to get my money back out of it.' Well, no, idiot, just because you've got more money in some thing than it's worth is no reason to expect a random buyer to bail you out.
 

Nogoodnamesleft

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Supply and demand. If people aren't willing to pay the price will adjust accordingly. Of course, having said that I wouldn't have predicted the vintage guitar market. So who knows.

Surcharge for breaking it in? Individually tested for quality assurance?
 
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chris m.

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Some sellers must be hoping that some buyers are totally clueless. Here’s an ad in my fb feed for a guitar that costs around a thousand brand new:

8EFEF870-EB44-4C2D-8F8F-2C622406C5D2.png
 

P Thought

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New out of college, married already, selling ads for a daily newspaper, I bought my first guitar from a customer of mine. I think I paid $250. I took one lesson, too, from another customer in my sales territory.

Of course I sucked in my efforts to play it at first. I was busy, not very focused, and pretty halfhearted about it, and it wasn't long before I regretted spending the money. Free classified ads were a side benefit, I think I recall, so I ran an ad in the boss's paper, I think at $225 or something. Crickets. $200? $150? No callers, no takers. When I went to consider dropping the price to $100, I decided that was too much "loss" to take, and for money that would be nice to have, but wouldn't make a big difference in the family finances. I decided to keep it.

Probably 25 Takamines later, I have three acoustics and six homemade electrics, each one of which would hold up just fine as an only guitar, if the long-feared tidal wave were to sweep the rest of them away. Along the way I gave guitars to friends, colleagues, students, and relatives, only sold two or three. I'm glad I didn't sell that first one.
 

aFewGoodTaters

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Supply chain issues and shortages / backorders on new gear are going to drive up used gear prices. I'm holding off on gear purchases for the foreseeable future until the market corrects itself. It's actually been refreshing to (gasp!) play and enjoy the stuff I own.

What really gets me is the vintage market right now. Not that I can afford vintage guitars anyway, but prices have skyrocketed out of control. Five years ago you could find a 50s Les Paul Jr in beat condition for around $3500. Fast forward to 2022, and you're lucky to find one for less that $10K. WTF?
 

39martind18

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I spend about an hour a day on my regional CLs looking for bargains. Quite often they're out there, but for me to pull the trigger on one, several boxes need to be checked:
1. Is it a need?
2. Is it a want?
3. Is the deal sufficiently good that the cost of travel and time are reimbursed?
4. Do i want the item for my use or flipping?
5. If for flipping, is there sufficient margin to allow me to make enough profit to pay me for my time and efforts?
6. What is the seller's attitude? It had better be good- after all, the money is mine, and he wants it!

All these factors enter into my decision to buy. If I determine that a price is too high (and most are, IMHO, very inflated these days), then the seller's attitude comes into play. If the seller indicates he is willing to flex a bit on conditions or price, that'll go a long way toward making me froggy to buy. When I sell, I try to do it in the manner I would want it done for me. I might not get top dollar for what I sell, but it's close. Realistic expectations go a long way to making good, smooth business relations.
 

Blues Twanger

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Generalizations don't work well here either. Is it desirable, is it scarce?

I bought a used pedal when more than a dozen were listed on Reverb and a pile on eBay as well, I paid $90.

Six months later I was thinking of moving on and discovered the only listings now were vintage or Analogman-modded units. I sold it for $145.

It's a current pedal, just not in production due to supply chain issues.
 

nathan5782

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A8F32BB7-3F87-4A3F-9DCF-F56811B07A8F.png


I saw this excellent post on Craigslist today and I thought about this thread. There was another thread about somebody calling out people on Craigslist but it’s a couple of pages back.

 

JustABluesGuy

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It seems like a confluence of factors. Inflation obviously doesn’t help, along with resellers fairly recently discovering online price checking, and general greediness.

I also collect cast iron cookware and have seen a similar inflation bubble recently. It tends to be similar, but with a lot of antique dealers who recognize certain brand names, but don’t know iron. Buyers willing to pay ridiculous prices complete the circle.
 

JustABluesGuy

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Anything new I have bought in the past year or so has been small stuff - straps, straplocks, picks. I've lost all GAS for another guitar or amp because of this. It' a good time to accessorize and wait out the current gear price madness. I've posted this before - wish has a bunch of useful stuff (wireless guitar transmitters etc) that actually worked for me at dirt cheap. Downside is the time it takes to arrive but the anticipation helps kill GAS.

I’ve bought a couple of inexpensive guitars the last couple of years, but I’ve mostly been buying matching straps, extra strings as well as setup tools.
 

Alter

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I think it's simple. Quarantines and stimulus checks made a lot of people buy music gear for a while, so prices picked up. Then came shortages due to that plus the various shutdowns covid caused. Things take literally years to balance out, hence the situation.

People that need to move something will have reasonable (yet still expensive) pricing. The rest, don't bother.
 

Tonetele

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Was watching a Youtube video with a guild Starfire for only $650 and quoted as affordable. That's insanely cheap from our part of the world ( Aus/ NZ). I think you folk in the US pay very little for most things. You can't get a sandwich for under $7 here. Be thankful. Your real estate and vehicle prices are low.
 

Uncle Daddy

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Which stuff loses the most when you come to sell it, high end or budget gear? I picked up a year-old CS strat for £2.5k which was something like £3.8k new. That's a big kick in the teeth for the seller. Same model is now £4.2k with the latest price hikes.
 

loudboy

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The ads that get me are the ones that say, 'I paid XXX for it and I need to get my money back out of it.' Well, no, idiot, just because you've got more money in some thing than it's worth is no reason to expect a random buyer to bail you out.
Hence the old saying - "Buy used, play for free." The only things I've taken a bath on have been when I bought something new.
What really gets me is the vintage market right now. Not that I can afford vintage guitars anyway, but prices have skyrocketed out of control. Five years ago you could find a 50s Les Paul Jr in beat condition for around $3500. Fast forward to 2022, and you're lucky to find one for less that $10K. WTF?
20 years ago you could get 'em for $1200-1500, all day long.
 




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