@@Joe-mz6dc outside of highly collectible stuff, most guitars don't appreciate. For example, I just bought a 99 MIA Deluxe Tele on Reverb for basically what it cost brand new 25 years ago.
@@Joe-mz6dc Unless you get lucky and a pro starts playing your guitar model, most of them only go up in value at the rate the currency falls in buying power... inflation is the positive premium players enjoy when selling gear.
Selling isn't that difficult. Look at what stuff has actually sold for, NOT the asking prices. The market is correcting slowly back to what it was pre pandemic. I never buy a piece of gear worrying about resale, and typically when I sell something it's because I'm looking to buy something else and accept the fact that the sale will help with the acquisition but it won't totally offset it. I guess it's just a case of having sense and managing your own expectations. At the end of the day, a piece of gear is only worth what someone wants to pay.
@@jimbeam-ru1my It's always a gamble. I'm a drummer and I only buy cymbals with resale value in mind. I just need to actually get to the resale part...
I’m keeping my stuff for now. When selling you pay Reverb fees and then get a 1099 so I get taxed on something I sold at a loss. Plus I paid tax on it when I bought it, so I’m double taxed.
@castleanthrax1833 tell that to the tax man and the folks at reverb. It's automatic selling any combination of items there totalling over what is it,.. $500-600 you get an automatic 1099 from them. Penalizing (taxing) the hobbyist in an effort to tax the professional/commercial activity on that site is complete bullshit. I tend to buy occasionally from reverb and sell thru craigslist. Never sell on Reverb.
if your gbsons trus rod is maxed, remove the trus rod nut and put a couple of small washers on the shaft and screw the nut back on. that could give an old guitar a whole new lease on life, without spending 1500$ for someone to steam or carve the fretboard off to replace the trus rod.
You would think Reverb would list items like eBay does by adding in the shipping cost to items. I hate to click on every freaking item to see what the outrageous shipping cost is going to be!
I just opt for free shipping and bake a universal price into the listing price. Sometimes I'll even partially refund a buyer if the shipping cost was a lot less than the flat fee I expected.
@@beefnacos6258it’s the same on Craigslist and FBM. Sellers are completely unrealistic. The mom and pop shops are more on target in my anecdotal experience.
As someone who sells used things for a living, the used guitar market is overcrowded. The second problem is platform selling fees on Ebay and Reverb are insane. Sometimes I end up paying over 15% per Ebay sale with hidden fees and all that, so with boxes and shipping I am having to sell guitars for barely any profit just to reduce stock, since people are mostly going for guitar deals when they are too good to pass up. The online market is overcrowded with musical equipment at very high prices and buying is at an all time low. Guitars are slowly going out of fashion, really. The synth market is great on the other hand.
Yeah, I'm always surprised when I find what looks like a great deal on Reverb and then find out it was listed 8 months ago! Reverb needs to do two things 1) take off the info of when an item was listed and 2) add the shipping to the purchase price in it's listings.
I got 4 graphtech imitation-bone nuts on reverb from 4 different sellers and three came in the original graphtech packaging, and seemed to be legit, while one was in a ziploc bag, and clearly made of some kind of plastic. The scams are for real, and Theyr getting us everywhere.
I had a hard time selling a guitar (Hetfield ESP Snakebyte) I bought in 2020, and I did reduce the price a bit, but not too much (trim haircut) - but didn't accept the crazy offers (decapitation). I waited, and DID get a buyer at the listed price, so very happy about that. Then I shipped it. My first experience with UPS shattering the headstock. Currently working on the claim, I did the Reverb Safe shipping.
I'm currently a buyer, but I'm feeling like the sellers are still not quite there yet as far as dropping their prices to what I would consider to make this a true "buyers market". I do think some are going to be desperate to sell in the near future. Whether or not the buyers will be there will be the big question, because it could get ugly if they aren't.
Yes it’s not just a bad time for selling guitars but for gear in general. I’ve got an amp that I can’t move, a buddy of mine couldn’t unload his USA Strat. So I say screw it, I’m just going to play what I’ve got.
Yeah, I've had more problems buying guitars on Reverb than I ever did on Ebay. And Reverb sellers are really reluctant to cancel an order compared to eBay, I've found. Reverb guitar sellers are generally not nice to do business with.
I've never had a bad experience buying or selling a guitar on Reverb, but I am very, very selective. Most of the transaction I've had there have been great. I've also never returned a guitar unless it came from a retailer. YMMV.
@@LP5369GT Why wouldn't you return a used guitar? I bought a used Parker PM-10 where the guy went out of his way talking about how the frets were great when there were frets that had grooves worn half way through! Another time I bought an American Standard Strat that was actually an MIM body and you couldn't make the action correct. I NEVER buy from a seller that doesn't let you return his items! I've learned the hard way that a lot of those sellers that don't offer a return are ripoffs!
My experience too... The only time I brought a guitar on Reverb, he sold a guitar that had a cracked neck when he listed it as a paint crack. He wouldn't take any responsibility when I told him a 5 year old could have seen it wasn't a paint crack... I had to get a 50% refund direct from Reverb, ended up trying to stabilise the crack with thin superglue, and yunno I love it to this day, but as far as buying stuff on Reverb, I'm done. But after dealing with great sellers on eBay for years, then buying a guitar from a rude lying douche bag on Reverb was an eye-opener.
I’m just glad I got out the game last year. I saw this coming and Phil’s been saying it for a while. So I got all my must have stuff, don’t plan on selling or buying anything for a long while.
Yeah haha it’s not that it’s a “terrible customer pool” it’s more that all customers are being hyper picky and cost conscious in every market right now. Good luck!
If you buy anything, including guitars, based upon resale value then you are allowing total strangers to control what you buy and own, since resale value is determined by popularity. Why would you allow complete strangers, many of whom you would not even like if you did get to know them, to determine what you own? Beats me but this thinking is rampant in the guitar world, which, at least as far as I can tell from the guitarverse on RUclips, is absolutely besotted with gear, more gear, and -- you guessed it -- still more gear. There is nothing you can buy from Sweetwater delivered to your door in a cardboard box that will fill the hole inside. But making music just might. We now resume regularly scheduled programming.
Phil you know as well as I do that if you buy a guitar or any other gear today, as soon as you walk out the door with it, that it goes down in value, unless it is certain vintage gear.
It simply takes Time and Patience to sell your guitar and get the price you want if indeed your Guitar is worth the current asking price! I just sold my Cordoba 55FCE after 4 months and got full asking Price on SweerWater Sound Gear Place!
The only thing I kind of use Reverb for-I stress "Kind of" is the potential current price. Sometimes I will look at the current pric guide. Then I bee-line my way to Sweetwater Market place. I just feel more at home, I feel more trust & a more laid back and good vibe overall. I really do not know why. I just perfer the way the system is laid out. I just hope it maintains a more pure and soild scene. The only way this could happen, is if the scum of the earth continues to gravitate in the general direction of Reverb. This is where they belong. Great video. Thank you-God bless you, your operation & family.
The worst experience I had on Reverb was a buyer that bought a guitar at my asking price, had it for 24 hours, and wanted to return it. Because my return policy is "as-is described" he claimed it smelled like smoke. Nobody in my house smokes, the guitar was only played either at home or at my church, and there's just no way. Buyer's remorse is a thing.
That's why you never sell with a "as is described" policy! They can just break the guitar and send it back and then not only do you have to pay for shipping both ways you have to fix it, too!
My problem wothvgear, is how a model a few years back is double the price. That's a new phenomenon that really needs to get lost lol! Used to, we could all have an opportunity to check out a model, but quite a few recent models are double appreciated super fast, and it's crazy.
I don’t ship. Everything is in person and local through Facebook Marketplace. Luckily, Austin and San Antonio are very near to me. My one selling experience on Reverb went South when I had to give over my tax information or I couldn’t complete the sale. That ended my selling relationship with Reverb. I know handing over my selling info to You Know Who isn’t in effect, but they should not have bent the knee. It’s the principle of the matter. Remember, all it takes is one to decide they want what you are selling at your price point.
I am seeing people listing insanely high prices for used squires, basically 80% of full price brand new, and it doesn’t look like anyone is buying them. I have a few that I bought for $40-60 and used them to practice setups and upgrading them, but over the past year I see these same guitars I bought for the reasonable used price for $150-250. But it looks like nobody is buying them. I really haven’t seen price drops on other brands either, but I haven’t seen them being bought out, there just appears to be more of them posted.
reverb charges way too much. it's much cheaper now to sell on ebay than reverb. Plus, I've had reverb cancel my transactions and refund my money without the authorization of myself or the other party to the sale, and not a small dollar amount either, between 14-15k. And they do it for no reason at all. I won't give any business to reverb. Reverb was great when they were new but now they suck. Ebay is going to put them under soon anyway.
I have never bought anything while thinking " Will I be able to sell this later?" 😜🎸 I see many pineing to buy back something they never wanted to sell, .. I don't know all the reasoning, but it's kinda sad, and someday I might have to deal like this. Naaaah!! 😁😇
I generally buy things either with the notion of "this is a good deal and I'll be able to get this out of it later forever" or "bury me with this one, Idgaf if it goes up or down over time" Buying new you should never expect stuff to hold value or appreciate.
You buy a house with the thought "Would someone else be happy to buy this" at the very front of your mind because you don't want to put that much money into something no-one else wants. Everything else you buy because _you_ want it and no-one else's opinion matters.
I don't buy guitars thinking I am going to sell them at a profit, and frankly, don't buy them from people knowing they do. I do buy them hoping I can recoup some of the cost. I've had some great rentals over the years. :)
Don’t buy shit and you won’t have to worry about it. Only buy American vintage or custom shop and buy at a low price. Wait and shop around. Find something you want and sit on it. People just buy a bunch of crap and think it’s worth a ton.
I know some epiphone models have risen in price and value..i have one its a 2019 Epiphone exclusive deluxe limited run Sg Pro in honey burst color..this model was crafted the same exact same way as the Gibson Kalamazoo 61 Sgs same techniques and same dementions..i found mine on Reverb in 2022 paid $650.00 for it.. I've seen them sell as high as $700.00 and $500.00 they are not easy to find ..
Can you doa quick eoisode on whats gone wrong with Reverb. And what are some alternatives, if there are any - Im not aware of any - on Fb Marketplace buyers continually ask me to pay shipping when i sell - like WTF dude?
I am in the market lookjng. All I see is stuff WAY overpriced. I dont see anything priced lower. Maybe Chinese junk I dont look at. Ebay, reverb, nothing has lowered that I see.
I don't buy and flip unless I'm going to make some money. That's just me as a business owner. I do better with vintage gear because the profit margin is usually higher. You don't make as much on the cheap guitars. I don't like messing with it unless I'm making at least $500 or more. I've sold and consigned lots and lots of gear. He's right about sitting on gear if you want to get the best price for it. That being said, I've let go of some killer gear I wished I would have kept on a personal level.
But it's a great time to buy, at least in my area,....most of the store owners/managers get it and are willing to pass along savings from their lowball trade-ins. Even new stock is often deeply discounted. One store in my area has a guitar I would buy at 2024 value in a hearbeat. Sadly (or maybe happily if they put their COVID profits into NVDA or something) they won't budge from near MSRP. It will be interesting to see who wins--them or the guitar market.
I recently bought a discontinued Alex Lifeson Epiphone with the piezo pickups on Reverb and it was 1,600 which is about double what it was new when it came out a couple years ago. I'm never going to sell it but man i regret not buying it new. Just didn't have the money at the time. Pretty ridiculous though. I want to get a Fender P bass as well but the used prices are so high that you might as well buy a new one.
@@joeking433 Like I said, I'm never planning on selling it. It has exactly the combo I wanted for years. You don't come across a Les Paul with a piezo-loaded floyd rose every day. I'm a huge fan of Rush, and I love the sound they got on Snakes and Arrows album, live, and Time Machine tour for that matter, and I love being able to get some of those sounds specifically. Always wanted that in my arsenal but my blood isn't rich enough for most of the Gibsons, much less one with those upgrades like the other Lifeson model they had. But IF I sell, and that's a big if, I'm certain I could my money back on it. It was easily worth a 1300 new but i think it went for like 800-900 which was an insane deal at the time. Now the new model doesn't have a piezo so you'd think it should be about 900 but it's 1,300. Backwards pricing now. Epiphone is getting greedy.
I've noticed here lately in the past few months that things on reverb used are going for more than what if you can find it new I don't understand that it's almost like the real estate market sometimes it's a buyer's market and sometimes it's a seller's market but I have to agree with Philip reverb is horrible right now when it comes to buying used gear
It was like that during Covid but it seems to me the inflated used prices are gone. Seems to be following the car market where used car prices have dropped 30-40% from Covid prices and they still can't sell them! MIM Strats are a good example. For a while used MIM Strats were up around $750 or more. Now they're around $600.
More and more people treat used guitars like any used goods, as there is nothing magical about old used guitars anymore, if it's not an instrument of some famous artist. It's not wine or gold. If they are played on, they are becoming cheaper.
Selling on Reverb has become so bad. So many scammers looking to get a discount or refund. Last sale I actually made a 1-shot video for RUclips showing myself playing the guitar with every pickup position and using the whammy bar, then putting it in the case, then putting it in the box and sealing it with tape.
Im definitely am 90 percent more likely to buy a guitar if I can hear it’s tone . I only buy guitars in person for that reason. Only thing Iv bought without hearing online are amps and a bass. I think it’s very smart to display the tone , especially hitting on things like distortion and power chords for other types of players
That’s always been the case on eBay and reverb. If you want to protect yourself as a seller you have to do a quick video, I hold a newspaper and show the date, show me playing it in all the positions, then do a close up of the entire damn guitar and show me packing it up. You don’t have to publish it but I always send it to the buyer and eBay anytime there is any dispute. It’s saved me a ton of money and headaches
IMHO the money you lose today is less money you lose tomorrow. If you need to sell your guitars then undercut everyone before you have to sell for much less later on. Were only at the very beginning of the apocalypse. Manufacturers continue to undercut used guitars with brand new guitars and markets are getting ultra saturated.
@@Joe-mz6dcthis is implied by the very basis of this discussion. If someone had a guitar which was increasing in value, they wouldn’t be talking about selling it now.
@@Joe-mz6dc I don't see high end appreciating on track with inflation. True vintage stuff is the exception, and that market will collapse if we hit another crash that affects the wealthy. .
yeah, but would you like a nice authentic Japanese-made 1995 Jackson from a local seller, or $300 Harley Benton? Brands go through phases that last years, even decades, good or bad. You can give a teen a $300 guitar today, but if they stick with it, they will want "good stuff" not "good enough".
@@gunkyzipthat’s a false equivalence. A better comparison would be a 1995 Jackson soloist to a current year Jackson soloist. The sellers are trying to pass this off as better because it’s “vintage” which is entirely meaningless to someone who wants a Jackson soloist. If the comparison is between these 2 for within $500, I’ll take brand new every time because there’s so much that can go wrong with a 1995 shredder guitar over the years, including the rust that’s likely forming on the 1995 tremolo from 30 years of sweaty palms.
Seems that over the last four or five years there has never really been a great time for Used Guitars other than through covid and still that was pretty crappy
It’s a great time to buy though! I just bought a demo model of an American vintage ii Strat 57… for 1400 bucks plus shipping lol. Retails at 2200 brand new 😂 but buy buy guys if you can
I’ve always been told that used prices are 50% of the original MSRP. I don’t see anything selling for that. The sellers want 75% or more of the original MSRP. They must be on crack or LSD.
Been flipping guitars and related gear (habit, not profit) for the past 25 years and I have never seen the used market like it is right now. Most my stuff is in the $1200-$2500 and it's crickets out there. I get more trade offers than cash offers and it's not like it went from a seller's market to a buyer's market - it's a stagnant market. I see other stuff sitting forever as well. I think people bought too much, too high during COVID, the market is being flooded now both with used and also with new stock supply finally catching up again, throw in crazy inflation and people are holding tight right now I think and being more careful with discretionary spending.
Used Gibson prices are very stable! You take a big hit on a new one but used ones are stable. My SG Standard has been close to what I paid for it 4 years ago used ever since I bought it.
This whole thing makes me laugh you younger guys should have been around in the 70’s and 80’s you could buy a super crazy expensive Les Paul for about $700.00 then if you wanted the new Jackson or Ibanez you would get around $300.00 for your super expensive guitar. This is the way it was.
broken headstock means guitar is never playable again unless you maybe to hang on the wall if ur a serious player. the whole physics of a gibson is reliant on a flawless connection. i've never known how people break a headstock anyway,. i've got piles of gibsons i played live for years doing metal, punk rock, ruff stuff, never even saw someone break one. I'm guessing it's all from falling off a wall. my tip would be Hercules?
Plenty of broken head stock Gibson out their touring the world … Peter green broke his head stock fixed and recorded and toured , then sold it to Gary Moore who broke it again and fixed it and toured and recorded with it and it was sold to Kirk hammet of Metallica and he also broke it and had it fixed and tours it constantly …. So that never playable again statement makes no sense …
Only guitarists buy something and expect to not sell at a loss 😂
Not me, I'm realistic with how used items work.
Probably because a lot of guitars appreciate.
@@Joe-mz6dc outside of highly collectible stuff, most guitars don't appreciate.
For example, I just bought a 99 MIA Deluxe Tele on Reverb for basically what it cost brand new 25 years ago.
@@Joe-mz6dc Unless you get lucky and a pro starts playing your guitar model, most of them only go up in value at the rate the currency falls in buying power... inflation is the positive premium players enjoy when selling gear.
Coin collectors?
Selling isn't that difficult. Look at what stuff has actually sold for, NOT the asking prices. The market is correcting slowly back to what it was pre pandemic. I never buy a piece of gear worrying about resale, and typically when I sell something it's because I'm looking to buy something else and accept the fact that the sale will help with the acquisition but it won't totally offset it. I guess it's just a case of having sense and managing your own expectations. At the end of the day, a piece of gear is only worth what someone wants to pay.
" I never buy a piece of gear worrying about resale"
I do. money doesn't grow on trees. . .actually it does, but you get my drift.
@@jimbeam-ru1my It's always a gamble. I'm a drummer and I only buy cymbals with resale value in mind. I just need to actually get to the resale part...
I’m keeping my stuff for now. When selling you pay Reverb fees and then get a 1099 so I get taxed on something I sold at a loss. Plus I paid tax on it when I bought it, so I’m double taxed.
@@castleanthrax1833well that’s not how it works on reverb or eBay. You pay tax regardless.
And you paid tax on the money used to buy it.
@@castleanthrax1833 tell me more
@castleanthrax1833 tell that to the tax man and the folks at reverb. It's automatic selling any combination of items there totalling over what is it,.. $500-600 you get an automatic 1099 from them. Penalizing (taxing) the hobbyist in an effort to tax the professional/commercial activity on that site is complete bullshit. I tend to buy occasionally from reverb and sell thru craigslist. Never sell on Reverb.
i use reverb as ADVERTISING I LURE GUYS OFF AND TO THE GEAR PAGE...it works!!
I have not seen the prices on used gear in my area drop yet, but I sure have noticed the prices of new gear continue to skyrocket.
if your gbsons trus rod is maxed, remove the trus rod nut and put a couple of small washers on the shaft and screw the nut back on. that could give an old guitar a whole new lease on life, without spending 1500$ for someone to steam or carve the fretboard off to replace the trus rod.
That's what instantly came to mind, but I've never tested it to see if that actually works or not.
You would think Reverb would list items like eBay does by adding in the shipping cost to items. I hate to click on every freaking item to see what the outrageous shipping cost is going to be!
I just opt for free shipping and bake a universal price into the listing price. Sometimes I'll even partially refund a buyer if the shipping cost was a lot less than the flat fee I expected.
@@12to3Guitars Yeah, sometimes I click the free shipping box and only choose between those offering free shipping.
@@12to3Guitars Sometimes I click the free shipping box even though it limits choices.
@@12to3Guitars Sometimes I click the free shipping box even though it limits choices.
Filters, man, filters...
Lol just click on the "free shipping" option.
I’m watching Reverb, Amazon and EBay and I agree the asking prices are high .
The prices have always been astronomical on reverb, that's nothing new. Reverb is horrible and slowly hurt the market.
@@beefnacos6258it’s the same on Craigslist and FBM. Sellers are completely unrealistic. The mom and pop shops are more on target in my anecdotal experience.
@@beefnacos6258 Not true. You must be new to them.
@@beefnacos6258 Yeah, Reverb has always sucked. The sellers there are often morons.
EBay is good for making offers.
As someone who sells used things for a living, the used guitar market is overcrowded. The second problem is platform selling fees on Ebay and Reverb are insane. Sometimes I end up paying over 15% per Ebay sale with hidden fees and all that, so with boxes and shipping I am having to sell guitars for barely any profit just to reduce stock, since people are mostly going for guitar deals when they are too good to pass up. The online market is overcrowded with musical equipment at very high prices and buying is at an all time low. Guitars are slowly going out of fashion, really. The synth market is great on the other hand.
Yeah, I'm always surprised when I find what looks like a great deal on Reverb and then find out it was listed 8 months ago! Reverb needs to do two things 1) take off the info of when an item was listed and 2) add the shipping to the purchase price in it's listings.
Meaning it’s a GREAT time to buy. And as you may know it’s only gonna get better!!! 🎉
It's a bad time to sell anything. Preparing to move overseas, I've got music gear and and a bunch of other things for sale - Not moving...
Great time to sell amps, tho! Selling off all my tube amps and just made a nice profit on a Marshall JCM.😎
I got 4 graphtech imitation-bone nuts on reverb from 4 different sellers and three came in the original graphtech packaging, and seemed to be legit, while one was in a ziploc bag, and clearly made of some kind of plastic. The scams are for real, and Theyr getting us everywhere.
Does that mean it's a good time to buy used guitars?
New too. Buyers market.
I had a hard time selling a guitar (Hetfield ESP Snakebyte) I bought in 2020, and I did reduce the price a bit, but not too much (trim haircut) - but didn't accept the crazy offers (decapitation). I waited, and DID get a buyer at the listed price, so very happy about that.
Then I shipped it. My first experience with UPS shattering the headstock. Currently working on the claim, I did the Reverb Safe shipping.
I'm currently a buyer, but I'm feeling like the sellers are still not quite there yet as far as dropping their prices to what I would consider to make this a true "buyers market".
I do think some are going to be desperate to sell in the near future. Whether or not the buyers will be there will be the big question, because it could get ugly if they aren't.
Been buying almost nothing but used for years at music go around. No problem with pricing. I Sell most things back for what I paid for them.
Yes it’s not just a bad time for selling guitars but for gear in general. I’ve got an amp that I can’t move, a buddy of mine couldn’t unload his USA Strat.
So I say screw it, I’m just going to play what I’ve got.
Yeah, I've had more problems buying guitars on Reverb than I ever did on Ebay. And Reverb sellers are really reluctant to cancel an order compared to eBay, I've found. Reverb guitar sellers are generally not nice to do business with.
I've never had a bad experience buying or selling a guitar on Reverb, but I am very, very selective. Most of the transaction I've had there have been great. I've also never returned a guitar unless it came from a retailer. YMMV.
@@LP5369GT Why wouldn't you return a used guitar? I bought a used Parker PM-10 where the guy went out of his way talking about how the frets were great when there were frets that had grooves worn half way through! Another time I bought an American Standard Strat that was actually an MIM body and you couldn't make the action correct. I NEVER buy from a seller that doesn't let you return his items! I've learned the hard way that a lot of those sellers that don't offer a return are ripoffs!
@@joeking433 Because I've never had to.
@@LP5369GT You lucked out!
My experience too... The only time I brought a guitar on Reverb, he sold a guitar that had a cracked neck when he listed it as a paint crack. He wouldn't take any responsibility when I told him a 5 year old could have seen it wasn't a paint crack... I had to get a 50% refund direct from Reverb, ended up trying to stabilise the crack with thin superglue, and yunno I love it to this day, but as far as buying stuff on Reverb, I'm done. But after dealing with great sellers on eBay for years, then buying a guitar from a rude lying douche bag on Reverb was an eye-opener.
I’m just glad I got out the game last year. I saw this coming and Phil’s been saying it for a while. So I got all my must have stuff, don’t plan on selling or buying anything for a long while.
And shipping cost is ridiculous.......Reverb is great- it's a terrible customer pool but lowballers unfortunately is just part of a failing economy-
Yeah haha it’s not that it’s a “terrible customer pool” it’s more that all customers are being hyper picky and cost conscious in every market right now. Good luck!
I've heard way too many horror stories about reverb
Yeah, I can't believe Reverb doesn't do what Ebay does and list the items including the shipping cost! That's just deplorable the way Reverb does it!
@dylanhall670 "hyper picky" ....that's brilliant!!! A new way to say nicely lowballing prick- cheers 👍
I don't even reply to lowballing pricks. Just stop being poor?
If you buy anything, including guitars, based upon resale value then you are allowing total strangers to control what you buy and own, since resale value is determined by popularity. Why would you allow complete strangers, many of whom you would not even like if you did get to know them, to determine what you own? Beats me but this thinking is rampant in the guitar world, which, at least as far as I can tell from the guitarverse on RUclips, is absolutely besotted with gear, more gear, and -- you guessed it -- still more gear. There is nothing you can buy from Sweetwater delivered to your door in a cardboard box that will fill the hole inside. But making music just might. We now resume regularly scheduled programming.
Phil you know as well as I do that if you buy a guitar or any other gear today, as soon as you walk out the door with it, that it goes down in value, unless it is certain vintage gear.
It simply takes Time and Patience to sell your guitar and get the price you want if indeed your Guitar is worth the current asking price! I just sold my Cordoba 55FCE after 4 months and got full asking Price on SweerWater Sound Gear Place!
The only thing I kind of use Reverb for-I stress "Kind of" is the potential current price. Sometimes I will look at the current pric guide. Then I bee-line my way to Sweetwater Market place. I just feel more at home, I feel more trust & a more laid back and good vibe overall. I really do not know why. I just perfer the way the system is laid out. I just hope it maintains a more pure and soild scene. The only way this could happen, is if the scum of the earth continues to gravitate in the general direction of Reverb. This is where they belong. Great video. Thank you-God bless you, your operation & family.
The worst experience I had on Reverb was a buyer that bought a guitar at my asking price, had it for 24 hours, and wanted to return it. Because my return policy is "as-is described" he claimed it smelled like smoke. Nobody in my house smokes, the guitar was only played either at home or at my church, and there's just no way. Buyer's remorse is a thing.
Everyone knows that guitars that smell of smoke and whiskey play much better.
That's why you never sell with a "as is described" policy! They can just break the guitar and send it back and then not only do you have to pay for shipping both ways you have to fix it, too!
My problem wothvgear, is how a model a few years back is double the price. That's a new phenomenon that really needs to get lost lol! Used to, we could all have an opportunity to check out a model, but quite a few recent models are double appreciated super fast, and it's crazy.
I don’t ship. Everything is in person and local through Facebook Marketplace. Luckily, Austin and San Antonio are very near to me.
My one selling experience on Reverb went South when I had to give over my tax information or I couldn’t complete the sale. That ended my selling relationship with Reverb. I know handing over my selling info to You Know Who isn’t in effect, but they should not have bent the knee. It’s the principle of the matter.
Remember, all it takes is one to decide they want what you are selling at your price point.
I am seeing people listing insanely high prices for used squires, basically 80% of full price brand new, and it doesn’t look like anyone is buying them. I have a few that I bought for $40-60 and used them to practice setups and upgrading them, but over the past year I see these same guitars I bought for the reasonable used price for $150-250. But it looks like nobody is buying them. I really haven’t seen price drops on other brands either, but I haven’t seen them being bought out, there just appears to be more of them posted.
reverb charges way too much. it's much cheaper now to sell on ebay than reverb. Plus, I've had reverb cancel my transactions and refund my money without the authorization of myself or the other party to the sale, and not a small dollar amount either, between 14-15k. And they do it for no reason at all. I won't give any business to reverb. Reverb was great when they were new but now they suck. Ebay is going to put them under soon anyway.
I have never bought anything while thinking " Will I be able to sell this later?" 😜🎸
I see many pineing to buy back something they never wanted to sell, .. I don't know all the reasoning, but it's kinda sad, and someday I might have to deal like this. Naaaah!! 😁😇
I generally buy things either with the notion of "this is a good deal and I'll be able to get this out of it later forever" or "bury me with this one, Idgaf if it goes up or down over time"
Buying new you should never expect stuff to hold value or appreciate.
Knowing you can buy a guitar and sell it for the same price lets you rationalize buying more guitars!
You buy a house with the thought "Would someone else be happy to buy this" at the very front of your mind because you don't want to put that much money into something no-one else wants.
Everything else you buy because _you_ want it and no-one else's opinion matters.
@@Kevin-mx1vi I buy guitars like I buy houses.
I don't buy guitars thinking I am going to sell them at a profit, and frankly, don't buy them from people knowing they do. I do buy them hoping I can recoup some of the cost. I've had some great rentals over the years. :)
Can you not put a washer under the truss nut?
That doesn't always work, especially if the owner has just let the neck dry out for years and years. That being said, your idea does work sometimes.
I own about 15 guitars. I plan to sell 0. When I die I expect my wife will sell 15.
These clips are great Phil!
Look at the bright side, no guitar selling regret.
Don’t buy shit and you won’t have to worry about it. Only buy American vintage or custom shop and buy at a low price. Wait and shop around. Find something you want and sit on it. People just buy a bunch of crap and think it’s worth a ton.
I know some epiphone models have risen in price and value..i have one its a 2019 Epiphone exclusive deluxe limited run Sg Pro in honey burst color..this model was crafted the same exact same way as the Gibson Kalamazoo 61 Sgs same techniques and same dementions..i found mine on Reverb in 2022 paid $650.00 for it.. I've seen them sell as high as $700.00 and $500.00 they are not easy to find ..
Can you doa quick eoisode on whats gone wrong with Reverb. And what are some alternatives, if there are any - Im not aware of any - on Fb Marketplace buyers continually ask me to pay shipping when i sell - like WTF dude?
I am in the market lookjng. All I see is stuff WAY overpriced. I dont see anything priced lower. Maybe Chinese junk I dont look at. Ebay, reverb, nothing has lowered that I see.
Excellent stuff man!!! Thank you!!! I subscribed as a result of your good information you put out.
My guitars will never be for sale and after I pass on they will stay with the family
Anyone else love it when they see the following in a guitar ad?:
"Guitar is in mint condition except for..."
Lmao. THAT MEANS IT IS NOT MINT!
What the heck is the white mark on the soundboard of the Taylor acoustic behind him??
I don't buy and flip unless I'm going to make some money. That's just me as a business owner. I do better with vintage gear because the profit margin is usually higher. You don't make as much on the cheap guitars. I don't like messing with it unless I'm making at least $500 or more. I've sold and consigned lots and lots of gear. He's right about sitting on gear if you want to get the best price for it. That being said, I've let go of some killer gear I wished I would have kept on a personal level.
But it's a great time to buy, at least in my area,....most of the store owners/managers get it and are willing to pass along savings from their lowball trade-ins. Even new stock is often deeply discounted. One store in my area has a guitar I would buy at 2024 value in a hearbeat. Sadly (or maybe happily if they put their COVID profits into NVDA or something) they won't budge from near MSRP. It will be interesting to see who wins--them or the guitar market.
This is a bad time to buy or sell anything.
Bidenomics..ugh!
All depends
@@Gene_Cali Yes, it's all Joe Biden's fault that people bought a lot of music gear during Covid.
Actually a good time to buy.
@@Gene_CaliYeah it's totally Biden causing the worldwide economic crisis and not at all related to a pandemic or something.
I’ve got a lot of old electric guitars and amps, nothing new. Bad time to sell?
Since the govt now makes me pay taxes for selling a used guitar and reporting a 1099, not to mention Reverbs fees, I'm done with selling on Reverb.
If you're not making a profit, which is the common complaint, there are no taxes due.
@@guntherabrahamowicz4659 i do usually make a profit, that's the problem, hence taxes. Going the craiglist route and cash I guess...
Maaan those 90s Yamaha 1200 series super strats and teles have not gotten the memo. People are asking an arm and a leg.
Thanks for sharing 🎸🎶
Is it the same market for basses if not how
Thanks Philip ❤🎉✌️
Why am I not seeing these lower prices when I want to buy?
Because people who already bought at inflated prices think they're entitled to a profit.
I recently bought a discontinued Alex Lifeson Epiphone with the piezo pickups on Reverb and it was 1,600 which is about double what it was new when it came out a couple years ago. I'm never going to sell it but man i regret not buying it new. Just didn't have the money at the time. Pretty ridiculous though. I want to get a Fender P bass as well but the used prices are so high that you might as well buy a new one.
A $1600 Epiphone? So when you go to sell it you'll get maybe half back on the investment?
@@joeking433 Like I said, I'm never planning on selling it. It has exactly the combo I wanted for years. You don't come across a Les Paul with a piezo-loaded floyd rose every day. I'm a huge fan of Rush, and I love the sound they got on Snakes and Arrows album, live, and Time Machine tour for that matter, and I love being able to get some of those sounds specifically. Always wanted that in my arsenal but my blood isn't rich enough for most of the Gibsons, much less one with those upgrades like the other Lifeson model they had. But IF I sell, and that's a big if, I'm certain I could my money back on it. It was easily worth a 1300 new but i think it went for like 800-900 which was an insane deal at the time. Now the new model doesn't have a piezo so you'd think it should be about 900 but it's 1,300. Backwards pricing now. Epiphone is getting greedy.
I've noticed here lately in the past few months that things on reverb used are going for more than what if you can find it new I don't understand that it's almost like the real estate market sometimes it's a buyer's market and sometimes it's a seller's market but I have to agree with Philip reverb is horrible right now when it comes to buying used gear
It was like that during Covid but it seems to me the inflated used prices are gone. Seems to be following the car market where used car prices have dropped 30-40% from Covid prices and they still can't sell them!
MIM Strats are a good example. For a while used MIM Strats were up around $750 or more. Now they're around $600.
More and more people treat used guitars like any used goods, as there is nothing magical about old used guitars anymore, if it's not an instrument of some famous artist. It's not wine or gold. If they are played on, they are becoming cheaper.
Selling on Reverb has become so bad. So many scammers looking to get a discount or refund. Last sale I actually made a 1-shot video for RUclips showing myself playing the guitar with every pickup position and using the whammy bar, then putting it in the case, then putting it in the box and sealing it with tape.
Great idea, and have some way of time stamping the video too, kind like how people used hold up a news paper and take a pic.
Im definitely am 90 percent more likely to buy a guitar if I can hear it’s tone .
I only buy guitars in person for that reason. Only thing Iv bought without hearing online are amps and a bass. I think it’s very smart to display the tone , especially hitting on things like distortion and power chords for other types of players
Or are you dilutional about what its worth. Who are you. Why do you think your stuff is so valuable, Because its yours?
Just because someone is looking for a deal doesn't make them a scammer. An offer is an offer. You don't have to take it.
That’s always been the case on eBay and reverb. If you want to protect yourself as a seller you have to do a quick video, I hold a newspaper and show the date, show me playing it in all the positions, then do a close up of the entire damn guitar and show me packing it up. You don’t have to publish it but I always send it to the buyer and eBay anytime there is any dispute. It’s saved me a ton of money and headaches
Phil needs to name this the rerun channel.
IMHO the money you lose today is less money you lose tomorrow. If you need to sell your guitars then undercut everyone before you have to sell for much less later on. Were only at the very beginning of the apocalypse. Manufacturers continue to undercut used guitars with brand new guitars and markets are getting ultra saturated.
That advice is only good for cheap guitars. Higher end guitars are still appreciating over time.
@@Joe-mz6dcthis is implied by the very basis of this discussion. If someone had a guitar which was increasing in value, they wouldn’t be talking about selling it now.
@@Joe-mz6dc I don't see high end appreciating on track with inflation. True vintage stuff is the exception, and that market will collapse if we hit another crash that affects the wealthy. .
yeah, but would you like a nice authentic Japanese-made 1995 Jackson from a local seller, or $300 Harley Benton? Brands go through phases that last years, even decades, good or bad. You can give a teen a $300 guitar today, but if they stick with it, they will want "good stuff" not "good enough".
@@gunkyzipthat’s a false equivalence. A better comparison would be a 1995 Jackson soloist to a current year Jackson soloist. The sellers are trying to pass this off as better because it’s “vintage” which is entirely meaningless to someone who wants a Jackson soloist. If the comparison is between these 2 for within $500, I’ll take brand new every time because there’s so much that can go wrong with a 1995 shredder guitar over the years, including the rust that’s likely forming on the 1995 tremolo from 30 years of sweaty palms.
If I'm selling guitars i've had for two or three decades, you know its a bad time.
Washers behind the trss rod nut can buy you some room.
Seems that over the last four or five years there has never really been a great time for Used Guitars other than through covid and still that was pretty crappy
It’s a great time to buy though! I just bought a demo model of an American vintage ii Strat 57… for 1400 bucks plus shipping lol. Retails at 2200 brand new 😂 but buy buy guys if you can
I’ve always been told that used prices are 50% of the original MSRP. I don’t see anything selling for that. The sellers want 75% or more of the original MSRP. They must be on crack or LSD.
Nicely scored! That's one heck of a deal, well done! Enjoy your new Strat!
Reverb.....it's also really expensive to sell.
Been flipping guitars and related gear (habit, not profit) for the past 25 years and I have never seen the used market like it is right now. Most my stuff is in the $1200-$2500 and it's crickets out there. I get more trade offers than cash offers and it's not like it went from a seller's market to a buyer's market - it's a stagnant market. I see other stuff sitting forever as well. I think people bought too much, too high during COVID, the market is being flooded now both with used and also with new stock supply finally catching up again, throw in crazy inflation and people are holding tight right now I think and being more careful with discretionary spending.
I agree with Phil, Reverb is now a comedy-spoof site for music gear.
The whole JHS and the Bad Monkey episode is a perfect example of it.
What is a better site?
@@davidlambert3892eBay.
Prices on used instruments will continue to drop.
Most guitarists have way more guitars, amps, and gear than they will ever need. The think one more guitar will make them good.. A fools mission.
I'd pass on the Gibson, whatever you pay for it, you won't make that back!
Used Gibson prices are very stable! You take a big hit on a new one but used ones are stable. My SG Standard has been close to what I paid for it 4 years ago used ever since I bought it.
I will always ask for some discount. It’s just a given
My money is on vintage Line 6 Spider One!!!!!!
Trading for other equipment you really want has done well for me.😊
This whole thing makes me laugh you younger guys should have been around in the 70’s and 80’s you could buy a super crazy expensive Les Paul for about $700.00 then if you wanted the new Jackson or Ibanez you would get around $300.00 for your super expensive guitar. This is the way it was.
I’ve been having better experiences on Sweetwater Gear Exchange than Reverb lately.
As I list a guitar for sale...
Yeah. Reverb has gotten out of control.
Bad time to sell.
Someone needs to sell me their Gibson 335 for $1200
broken headstock means guitar is never playable again unless you maybe to hang on the wall if ur a serious player. the whole physics of a gibson is reliant on a flawless connection. i've never known how people break a headstock anyway,. i've got piles of gibsons i played live for years doing metal, punk rock, ruff stuff, never even saw someone break one. I'm guessing it's all from falling off a wall. my tip would be Hercules?
Plenty of broken head stock Gibson out their touring the world … Peter green broke his head stock fixed and recorded and toured , then sold it to Gary Moore who broke it again and fixed it and toured and recorded with it and it was sold to Kirk hammet of Metallica and he also broke it and had it fixed and tours it constantly …. So that never playable again statement makes no sense …
That's garbage... just not true.
I will never have to worry about selling my guitars because they are USA made Jackson's. Nobody wants them but me.😊
Sell all the extra s*** you got take the haur cut. Buy gold and food.
Blah-Blah-Blah Guitars? I heard they're awesome.
Now is the time to buy cheap Asian ones .. why sell any of them?
you are wrong. it will never sell for above market price. sell for half price now or sell for quarter price next month. take the hint. collapse.