Peavey Auctions Off Last Shreds of Integrity

Discussion in 'Bad Dog Cafe' started by JayFreddy, Aug 1, 2019.

Thread Status:
Not open for further replies.
  1. codamedia

    codamedia Poster Extraordinaire

    Posts:
    5,125
    Joined:
    Apr 4, 2009
    Location:
    Western Canada
    Hartley & his first wife (Melia.... RIP) were relentless in "giving back"... particularly toward education but in fairness I don't know much about the company since she passed. In addition to their philanthropy they were regularly holding "free" community events, and often had their artists (endorsees) perform free shows at the Temple Theater in Meridian.

    There is no question that the "Made in America" Peavey many of us grew up knowing is a shell of it's former self... but without inside knowledge we have no idea if that was poor decisions by management or great management that recognized the need to move a large portion of manufacturing off shores in order to survive. It certainly was a hardship to many people in Meridian (and other locations around the state) as Peavey closed plant after plant... but it shouldn't be forgotten that for 3 decades prior to that they were opening plant after plant and providing jobs for thousands of people during that time.

    Moving on.... this thread title is deceiving, ridding old stock is hardly shredding integrity :rolleyes:
     
    Last edited: Aug 4, 2019
    kodiakblair likes this.
  2. 3-Chord-Genius

    3-Chord-Genius Poster Extraordinaire

    Posts:
    7,307
    Joined:
    Apr 3, 2015
    Location:
    Winchester, VA
    The title of this thread makes no sense whatsoever. In case nobody has already mentioned this, I just did. Is a company not supposed to dump useless inventory that is just taking up space?
     
    L.A. Mike likes this.
  3. jrblue

    jrblue Friend of Leo's

    Posts:
    2,019
    Joined:
    Nov 14, 2010
    Location:
    Santa Barbara
    The OP's verbiage is unwarranted, and many of the posts that follow are full of uninformed speculation and judgment. None of this is helpful in the least. And if Peavey ran its business using the same kind of wild speculation and personal spinning delivered by numerous of these posts, they would have gone under long ago. I'm in no position to make meaningful comments about the wisdom or ethics involved in the shift of manufacturers to Asian production. In Peavey's case, I give them kudos for their longstanding effort to build affordable products of high quality and individual design here in the US. That this was unsustainable even for them is a chilling reality. Peavey has had lots of winning products and never had the luxury of mining some brand mythology or reissuing its former products. They had to earn it, year after year. I respect that. As for selling their junk... Ages and ages ago, I bought a pickup from Seymour Duncan at a yard sale at his house -- and a Tele body and neck by Phil Kubicki, I might add. Getting unused stuff into the hands of people who might want to make use of it, at minimal cost... jeez, what an undignified, insane notion. As if.
     
  4. MDent77

    MDent77 Tele-Afflicted

    Posts:
    1,271
    Joined:
    Jun 13, 2016
    Location:
    New England
    I do not know much of what is entailed to operate an auction house - yet, I can safely assume there are plenty of costs setting up and operating events by auctioneers.

    High premiums (to me, anything over 10%), and these fees in general, do make me wonder if sellers are opting for lower commission revenue (to the auctioneers) and having buyers pay auctioneers these "fees" (to make up for the lower commission revenue).
     
  5. notmyusualuserid

    notmyusualuserid Friend of Leo's

    Posts:
    3,444
    Joined:
    May 3, 2016
    Location:
    In the South
    It seems that some don't understand how modern auction houses operate.

    Buyer's premium (aka commission) is not 'shady'. 'underhand', 'greedy' or any other derogatory word you may muster. It just is, and has been for quite a long time.

    https://en.wikipedia.org/wiki/Buyer's_premium
     
  6. tele12

    tele12 Friend of Leo's

    Posts:
    4,620
    Joined:
    Dec 2, 2006
    Location:
    NY
    I'll ask it this way, to you and anyone else who wants to respond in this thread.

    "How many USA Peavey guitars have you bought in the last 5 years? "

    They are disposing of parts/production equipment they cannot sell as products, no demand from the consumer.
     
  7. omahaaudio

    omahaaudio Friend of Leo's

    Age:
    65
    Posts:
    2,830
    Joined:
    Mar 21, 2015
    Location:
    Omaha
    All that an auction "premium" does is transfer the cost-of-doing-business from the the seller, the party that should be doing the paying, to the buyer, the party that should not.

    IMO opinion of course.
     
    dan1952 likes this.
  8. JayFreddy

    JayFreddy Poster Extraordinaire

    Age:
    55
    Posts:
    8,771
    Joined:
    Nov 6, 2006
    Location:
    Dallas TX USA
    I disagree with your opinion that my "verbiage" is unwarranted, but I agree with pretty much everything else you wrote.

    In the last 5 years, probably only a couple. I currently own close to two hundred Peavey guitars.
     
  9. Brad Pittiful

    Brad Pittiful Doctor of Teleocity Ad Free Member

    Posts:
    17,900
    Joined:
    Dec 22, 2008
    Location:
    Philly Burbs
    who needs integrity when there is money to be made!
     
    JayFreddy likes this.
  10. bsman

    bsman Friend of Leo's

    Posts:
    2,142
    Joined:
    Jun 8, 2003
    Location:
    Santa Clara

    https://en.wikipedia.org/wiki/Corporate_personhood -

    Here's an interesting take from the Columbia Law School:

    "No soul to damn, no body to kick"

    FYI, I have no issue with liquidating non-performing assets. These things are sitting on the books as unsold inventory, eating up storage costs, etc. Converting them into cash (even pennies on the dollar) is a useful exercise from an accounting perspective and has zero to do with integrity - whatever that means.
     
    Last edited: Aug 4, 2019
  11. strat a various

    strat a various Friend of Leo's

    Posts:
    3,273
    Joined:
    May 9, 2008
    Location:
    Texas
    You succinctly summarized "Business Ethics". I don't think it applies to Peavey auctioning off surplus stock, but you did a good summary. Very concise.
     
  12. Wrighty

    Wrighty Friend of Leo's

    Age:
    65
    Posts:
    2,650
    Joined:
    Aug 17, 2013
    Location:
    Essex UK
    JayFreddy likes this.
  13. L.A. Mike

    L.A. Mike Tele-Afflicted

    Posts:
    1,254
    Joined:
    Mar 1, 2014
    Location:
    somewhere over a rainbow (Ex-L.A. resident)
    [​IMG]
     
    stratofortress and JayFreddy like this.
  14. stanger

    stanger Tele-Meister

    Age:
    76
    Posts:
    175
    Joined:
    Nov 15, 2009
    Location:
    Idaho Falls, Idaho
    I've yet to meet a guitar player who thinks his favorite guitar is average.

    It's hard for players who have never worked in the music business to understand that, actually, even the finest hand-made guitar is really only just another item that is only made to be sold.

    The good maker uses all his skills with them all, to his best ability, but he doesn't treasure them; he sells them for his living, and takes his pride from the fact others purchase what he's made. Tomorrow, he'l make another just like it.

    "Average" can be very high quality, or very low quality. The industry aims for one and accepts the other as a reality. The real worth of any guitar is in it's consistency; if any guitar is as good or a bit better (or a bit worse) than it's sisters, and they're all readily sold, then average is a good thing.

    All the love the guitar gets is from the player. I guess it's only natural to think the guitar was made with much love and was very hard to part with.

    It wasn't. It never is. I don't know a single custom guitar maker who has ever kept more than one or two of his guitars, and that guitar is usually either his first, or one no one wanted for some reason.The love of the making is the deal, not the product.
    regards,
    stanger
     
  15. strat a various

    strat a various Friend of Leo's

    Posts:
    3,273
    Joined:
    May 9, 2008
    Location:
    Texas
    Right, so you are trying to introduce politics into a thread, the subject of which is that the OP thinks Peavey is a bad Corporation for auctioning off their property, and I'm defending Peavey, and I'm wrong ... wut now? Why are you injecting politics into this thread again?
     
  16. Marc Morfei

    Marc Morfei Tele-Afflicted

    Age:
    55
    Posts:
    1,572
    Joined:
    Feb 6, 2018
    Location:
    Philadelphia, PA
    OMG that is hilarious! I hadn’t noticed that when I made that comment. I’m in luck!
     
  17. Buckocaster51

    Buckocaster51 Super Moderator Staff Member Ad Free Member

    Age:
    68
    Posts:
    20,983
    Joined:
    Jan 6, 2005
    Location:
    Iowa USA
    Admin Post
    These are not the droids you are looking for

    Please move along

    Thread closed

    BTW...22 posts were just deleted because of violations of this:

    IMPORTANT: Treat everyone here with respect, no matter how difficult!
    No sex, drug, political, religion or hate discussion permitted here


    I just had a long day on the road. Tomorrow I will look at this and issue some suspensions/permabans.

     
    Last edited: Aug 4, 2019
IMPORTANT: Treat everyone here with respect, no matter how difficult!
No sex, drug, political, religion or hate discussion permitted here.


Thread Status:
Not open for further replies.