I've known my closest mom & pop guitar dealer for years, and we always talk about when people try to sell him their guitars, and they use the "Well, Reverb says this worth X amount" line. To which he says "To me, not you. I have to make a profit on it first. Try selling it on your own first and it you don't have any luck, call me....I'll be here." As far as "investments" go, Terry (my dealer) says, "They're meant to be played, not bought and stashed away!" - I agree on that, too.
Anyone who thinks you are going to get a bargain on reverb is deluded. Due to the large chunk they want it is as good as putting it on consignment in a shop. Hopefully now evilbay has had to let you sell for free due to FB market place competition will not be long before Reverb starts getting quieter and quieter.
i've been a vulture as well. bought 5 mid quality brand name guitars over the last year for less than $1k total. all in good to excellent shape. market here is desperate to sell. one of those is a Yamaha 12 string in new condition that i got for Cad$200. it's currently retailing at 1600. just yesterday picked up over 1K worth of pedals for $400. day before a coworker offered me a box of assorted mid quality parts (mostly floyd rose) for 50 bucks. turned that one down. yeah, the market's soft for investors. but i'm loving it. all the money i've refused to spend on new shop bought stuff is really showing it's strength now.
Dude, I got this massive Hartke full stack for the bass for like 400 and the bottom cabinet for my old solidstate Marshall half-stack. I run my guitar through the Marshall and then output it to the Hartke. Sounds like I’m in a stadium.🫠
Hey Mark. Just wanted to let you know how much I enjoy your videos. Your insight and willingness to share what you know is invaluable. I live in Canada but if I ever find myself in your area I would love to pop in and check out your store. Cheers!
I saw your original 2 videos when I was looking for a Tele earlier this year. I went to the HOG in Rochester and found what you were describing almost. A barely used 2021 American Pro II tele in Mercury. It was used and knocked down a few hundred dollars. Knowing that someone probably bought it during the pandemic, I talked them down to 1400 which is about 500 of the original. So the HOG had sold it to someone who thought they would learn during the pandemic, ended up not, sold it back to the HOG, which then gave me a good deal. Thanks for heads up, it helped me talk them down a little extra and got a good deal on a great player that had barely been played.
Several retailers over the last year have put American Professional II's (Strats, Teles, basses) on sale for $1100-1300. That's a really good price- just wasn't in the position to buy.
It's a similar story here in Australia. Every week local stores shut up shop as very few people are buying due to the economic nightmare we're suffering here. My shop is hanging on by a thread thanks to repair and service work, but unknown how long that'll hold on for. We never really had the massive VC money types pouring into companies here like over in the US, but that's recently changed. One person has bought up the 3 largest independent instrument and gear distributors, AND the two largest retail chains and rolled them all into one company. Same deal, she's from a VC background and the companies will be gutted and sold fort scrap after the balance sheet is inflated. Meanwhile, smaller retailers can't compete on the prices and our dealership requirements are so burdensome that there are very few independent stores who bother carrying the mainstay brands. My shop went used gear only this year and the downturn is so massive I've stopped taking in consignment stock and stopped doing trade ins entirely as I could only offer 10% of what I'd sell it for because it takes so long for it to move.
@@ibanezlaney CMI/Australis/Innovative and SDJ/Mannys have morphed into one company (Sound Services). They've also bought Derringers. It will all go to shit and the industry will start again. But at the moment it is just souless VC c***ting, just as Six described. Dicker Data ain't going that great either...lol
@drgeaustralia Howdy, Mate! Sorry to hear of the struggles down under, and I sure pray you keep the lights on, economies shift upward, and you’re flourishing in the future! 🙏🏽✌🏽💙 from Minnesota, USA
I recently sold a good number of guitars and amps. They all went fairly quickly. The difference? I was selling FCS, Suhr, Two Rock level stuff. As per usual, the wealthy are better insulated from economic downturn. I was into guitars around the time of the 08 recession too and while even vintage prices went down a bit rich guys were hoovering up all the good stuff. Lots of people with 5 or 6 bursts all of a sudden had 15.
You're not wrong and the Black Friday/Holiday discounts have created even more pressure on the used market. Why buy a used Made in Mexico Fender Strat for $450 (which used to be a good price) when you can buy a brand new one for $549. I buy/sell a lot of gear so I am always hyper-aware of market shifting. Here is my observation - the more expensive gear is definitely harder to sell and it has to be right; the right color, the right options combinations, the right condition. The cheaper used gear is easier to sell but there is less margin and it has to be clean. My challenge is finding gear to resell at the right price. I have had to pivot toward buying gear that needs some kind of work; fret work, paint work, electronics - something that makes the seller just want to get rid of it. My margin then comes from the labor of making it a great player. As just one example, I used to be able to buy Squier Affinity strats for $75 - $100, clean them up, change strings and give them a set up and sell them for $150ish. Now I have to buy them for between $25 and $50 to sell them for $100. Those are a bit harder to find at that price without something more complex to fix, and new Squier Affinity strats are on sale for less than $200. What I am finding right now is that my margin is basically in my setup and service work. I am my own service client and make up the service cost on the resale of the guitar (if that makes any sense). I make the most margin on the weird stuff - more rare, special color, etc. Great video!
Crazy looking back on the bands I liked in the 90’s. You had AIC, SG, PJ all using LP customs, Nirvana using 60’s Jazzmasters/Jaguars, Sonic Youth too. And they were like “this is all we can afford, pawn shop stuff 🤷♂️” lol
I've been out of the guitar buying/selling world for 20 years, but for whatever reason i thought may-be I would buy something new for myself this year for Christmas. Just casually browsing some things online, I called Guitar Centre and somehow got on the phone with the manager of the store. He very kindly emailed some higher quality pictures of a strat I was looking at. After some thinking I decided it was a little too much money and I didn't really need another guitar. The guy was super nice but he said something just as I was getting off the phone in a sort of a shaky voice that stuck with me "Our used guitar inventory is so over stocked right now, I honestly don't know what we are going to do, have a nice day". I hope business picks back up for them.
They have to lower prices. Plain and simple. Certain people/entities get to charge insane amounts for their service/product while others cant. Jensen and nVidia taught us you can just refuse to budge on a high price item. No price reductions. Just keep it high, and people will eventually crumble to your BS. Supply and demand don't work anymore. Or maybe its going to start in the guitar industry. Price of new Gibsons in Australia is a fking JOKE. Pawn shop prices for studio is MORE than I paid for a standard new ten years prior.
Hi Mark, .. thanks for the frank presentation. It's been a rather strange stretch of years, hasn't it, COVID, and all .. Fortunately, I've not been in the market to buy guitars, for awhile. But, I still look in on prices, occasionally. It seems like new Epiphones prices have climbed to what they are really worth, now. But, go a few years back .. sheew, they were bargains.
I love how you help sellers understand the situation 🙂 I spent 30 plus years in the car business and it’s similar when it comes to up and down markets. People would come in and say xyz dealership said my trade is worth x. “ Ask them if they’ll buy it for that.” And 100%. When you have 50 used Camry’s that aren’t selling you don’t pay market for the 51st. Cheers!
Boomers don;t understand that we are in a new global paradigm of central bank economic warfare, things will never go back to the normal cycles unless your talking about world war and another great depression. Nissan, Volkswagon, and Stellantis are the dying canaries in the coal mine just as the DJT MAGA guitar being made in Indonesia is symbolic.
I just purchased a limited run Rickenbacker 48XC and it was not cheap. I had a 480 some years ago and missed it. The new 480xc did not disappoint me. But i would still buy an older one after I recover from this recent purchase. Just wanted to send some positivity out there, people still buying guitars! Obviously from my perspective.
Haha! I had to look up that model. I have a 1967 365 six string (same age as me!) And, while the bassist in my first high school band played a blonde Ricki, I have not followed the newer model designators. I WILL have both a Rickenbacker bass AND 12 string before I exit this planet. (At least, that’s what I say looking at my reflection in the bathroom mirror while shaving in the morning 😳)
One issue is that non-beginner guitars don’t go away. They don’t get scrapped like cars, or wear out like shoes. So the market just gets saturated. Fender still chuck out loads of new guitars every day.
You're spot on. Most new gear absolutely nosedives... Doesn't matter the condition or case candy even. The only stuff that's remotely a savings plan is well chosen limited edition stuff.
The funny part is dealing with a local used market where sellers think it's still 2022 and they're expecting to sell their gear at near what they paid new for it.
I think non vintage guitars are where it’s at. Buy new or slightly used and make it your own. I bought a 2014 AVRI Jazzmaster on Reverb back in 2017 and I just love it. Honestly to me it’s such a value. A quality vintage feeling instrument for a fraction of the cost.
I wish to come buy a guitar at your store, Mark. You are awesome, the store looks like a few that have closed in the Twin Cities, and I could always use another Rickenbacker like the one behind you. 🙏🏽✌🏽💙 from Minnesota
I was looking to trade a guitar in on a purchase where they are a dealer for the trade in. (Boston). The was explained that value of the guitar is capped by the their cost of a new guitar (if they still make a similar model). Makes sense and I kept the guitar and later sold on marketplace.
That could be a great thing for people who didnt buy any gear during the pandemic. Unfortunately with costs being high on everything from homes to cars to insurance and repair, there's just no money for more junk... I mean guitar related items...
Gary, apparently it carries over to new guitars. I have bought ten guitars in the last 90 days and all were listed between 2k and 3k and In every case i got at least 30 percent off and averaged 35 percent off. Sometimes if took six or seven offers to different dealers but eventually one of them takes the offer because they have a ton of 2023s and 2024s that have not sold. Of course guitar center never cuts a good deal and that is why they will fold.
@@andy_182 I've found ProAudioStar tends to really try to move inventory. Sometimes they have deals so good I get tempted to buy things I don't even want, just because I know the once the glut is over it'll retain its value.
I get good deals at Guitar Center all the time on both used and new gear. You just have to know the right person to deal with. I am a former GC Assistant store manager from back between 2003 and 2006. Also, just in the past couple of months, Guitar Center has changed their operations to cater to the professional musician. They have unlocked all the guitars on the wall and the high end stuff is now within reach and not needing a ladder to get to. This is just another cycle of the music instrument retail. It doesn't help there is a shit ton of fake and cheap guitars out there also. It's called competition. And the fact that people are getting tired of the outrageous prices for American made Fender's and Gibson's. I play upper end Epiphone stuff for this very reason.
Agreed. A guitar is definitely not an investment for the average person. I still have the first nice used guitar I could afford. A '73 Gold Top Deluxe that I paid $250 for. Was it a good financial investment? Nope. But it's offered a damn fine return of enjoyment over the years 😁
This is interesting. I favorited a few Ibanez Vai Pia guitars on reverb and saw the used ones were being sold for $2,799 from $3,499 msrp. I was offered $2,799 for a brand new one and scooped it up. Weird times
My local guitar center stopped buying pretty much any and all gear for awhile. I haven’t stopped in there in a little bit now but they had the same used guitars on the wall for months on end. Weird time for music
In my city, used guitars are almost as much as new ones. A les paul studio here is $ 1200. A used strat is about the same. Prices are way up here in the middle of the country. I am always looking,I have the bug. I have been buying and selling for 24 years now. Prices have never been higher.
For sure. How many younger people are actually playing guitar anymore? Guitar based Rock music is definitely a fading genre. I'm actually really curious to know.
I was the dummy who bought a bunch of used guitars to repair and customize and sell them off for a profit. Well, now I have a bunch of guitars that aren't selling.
Great video. Old England here; seems a generational wave of sales (from those born 50's and 60's) presumably looking to raise cash. Youger cohorts not playing in bands as much... Auctions offering very large volumes... fully agree non vintage, dropping precipitously...
Gary, do you have a reverb or online store? I like your honesty/being straight forward... wanna keep you on a short list for my next purchase (I'm in NJ).
Prices in my area have plummeted. In the past month I've purchased four guitars, an amp, and a modeler for very reasonable prices. I've banned myself from Craigslist and Marketplace for the foreseeable future.
I'm 62. I bought my first electric in 1977 - a Fender Music Master II for $45. The electric guitar market then was Gibson & Fender, then copies. The lawsuit MIJ's were pretty good / affordable, but they still weren't the real thing; i.e. there was a status to having a Gibson LP or a Fender Strat, but for a kid they were pricey. Now there is a MASSIVE glut of them. Unless you lived through those times, you cannot even begin to appreciate how stark the difference is between then and now.
@@AuntAlnico4 The difference in the availability of Gibsons and Fenders from then to now is in the sheer numbers of them made since 1977. I don't know what that number is but it has to be MASSIVE. While there weren't as many people learning to play back then, the sheer volume of what has been produced since 1977 must be STAGGERING.
@GTX1123 Beyond less demand for the instruments then, as you suggest, less folks were picking them up. The band in which I played in upper school-1981-1985-in retrospect, had an easy time making local and regional traction. There just weren’t as many young bands out there. Within one year-our freshman year-we gelled, and played enough paying gigs to buy our own “Peavey Powered” P.A. More established bands would pay us to open for grad. parties, proms etc. as we brought the system, and it was almost cheaper for them than renting. Sadly, the high point of my life was age 16, haha. Have an awesome day!
Here in the Washington DC area, the late 70's saw the birth of the used band equip store. Up until then it was either pawn shops or music stores that sold both new and used. By 1978-79 there was just enough gear floating around for a small store to sell exclusively used. Now we've got multiple stores here that only deal in used. One of them is GIGANTIC (Atomic Music - Beltsville Maryland).
Patience my friend. The proposed tariffs will skyrocket prices, not only for the instruments but also shipping costs. Even made in U.S.A. are made with imported wood and components.
And the only winner is government coffers while they can claim to have not raised taxes, but our money is still lining their pockets. This situation is everyone but the rich getting screwed. The last tariffs by 45 cost the average American almost $1000/year. Prices going up while average people have fewer $ in their pockets isn't a road paved in gold- except for the people who are already rich. edit: And while the average American paid more to the government, 45 gave huge tax breaks to the people so wealthy it's just a numbers game. They couldn't spend all their money if they tried, the opposite of most of us.
They won't skyrocket - the market will even itself out - This country has allowed itself to be used and taken advantage of for too long - America needs to stand for Americans - Legal Americans -
@@davidrice3337 the very people you demonize are the only ones being used and taken advantage of. they work jobs that natural born citizens dont want to do at wages they wouldnt accept, all while contributing payroll taxes for benefits they'll never receive. then they're used as scapegoats by rich politicians and media so idiots like you will never recognize the real problem - the economy they've rigged against you.
@@davidrice3337 Your reply literally makes no sense. Tariffs increase the prices we pay. They’re a tax on Americans, full stop. If you’re into paying more taxes maybe you won’t mind. But you’ll definitely pay along with everyone else.
@ The cost of raising capital to build manufacturing facilities, the tooling required for the multitude of processes building the components, the cost of finance interest, increased labor costs and finally profit margins for capital outlays and assumed risk will skyrocket prices if solely “ built in America”. This isn’t politics, it’s business.
Over the past four years, inflation has skyrocketed. People used credit cards to maintain the same standards of living, but those bills are coming due. That means disposable income is being used to pay off cc debt instead of buying gear and other leisure items.
Inflation is currency devaluation which caused by Central Banks to nudge us into the new system.. People will wish for the current system of rampant unsecured debt and defaults when they wake up to tokenization...
Can confirm - I've totally profited from this, recently got two good used Japanese Takamine acoustics for the price of one used Japanese Takamine acoustic :)
I own a 62 Fwanker Stroobbaclanker; its a turquoise toilet-bowl blue colour. I was rocking out so hard I ripped off the wonky bar. Its pretty hard to rock out and look cool at 63 years of age, but I still do.
Local shops are the only way to go. Guitar center is great for putting them 15' in the air with a lock. There's a mom and pop in town that has all the right brands across all price levels and I can go in there and try anything and these guys are just cool and the place is beyond comfortable. I took a $5k Custom Shop ES335 off the wall and plugged it into an AC30 once - no problem and no locks. Those guys get all my business.
Have u seen the number of Santa Cruz guitars for sale in reverb??!! Astounding.
День назад+5
A couple of weeks back at our local pawnshop sign on front door read "We Are Not Taking Any Guitars" They must of had 30 hanging on the wall and 50 on floor display and the manager said they have "couple hundred" in their storage. Only ones they're attempting to sell are US made or higher end Asian made models. As an example, the Indonesian Gibson Les Paul P90 Special i paid $90 for they can't sell them at $65. (By the I'm a new senior citizen player always dug the P-90 sound) Jason showed me an American made Telecaster Pro they acquired through a delinquent pawn for $1100.00. Same models are selling for as little as $800.00 on the secondary market.
I've mainly got Martins, and a coupld of boutique guitars. I bought them to play, but I also thought if I could get most of the money back, then that's a fair price for playing them for a couple of years and enjoying them. So if I do ever decide to sell one, even getting back over 60% would make me pretty happy. If I'm more patient, I think I can still get more. Also, the guitars I've got are quite rare in Australia, and it shouldn't be hard to be much lower than retail prices, and still make a little on the sale.
Prices for guitars have almost always been crazy out of proportion to what they represent. The cost of materials is laughably low for any guitar. Wood, glue, urethane, bits of steel, and maybe a couple of magnets with short thin wires. Their wood cut designs are simplistic enough any kid with rudimentary wood working skills in a junior high shop class could make from scratch. Majority of guitar design hasn't changed for over 70 years. Instead of innovations over time dropping prices of new guitars, they instead have some how magically increased for decades instead. I am more surprised that it took this many decades for the collapse on prices to finally start happening.
@ maybe you should sell your stupid $80,000 pickup truck to pay your credit cards off. Then maybe you won’t be living paycheck to paycheck and have to sell your cheap ass Asian guitars.. I got popcorn to watch the big comedy show the next four years
I had to sell a lot of my non vintage and a couple of my vintage guitars in late 2021… I was able to keep the ones that I purchased during the pandemic. Now that I’m settled in with my move ( the reason I sold ) I have the space and the ability to shop marketplace for some different gear, I typically hang on to stuff for decades and a couple I would never sell
Ive been scooping up deals on well-made Asian guitars like Firefly 335, Oscar Schmidt Les Paul, Fender Starcaster. All my guitar purchases are in the $100 to $150 range. I only have a couple I paid $200 or $225 for. It is a great time to be alive and get a quality instrument for cheap. I would have given alot 30 years ago to have what is easily available now. For me, name brand is not necessarily important. I can appreciate them, but I am very happy with what I have. Leave the Gibson USA and Fender USA to the pro musicians and cork-sniffers
I dunno man. I’m still insanely buying stuff and I’m not seeing these blowout prices on reverb etc. I’m actually looking for a VibroChamp right now at a reasonable price and I mean I can’t find one. Is it because I’m in Canada possibly?
I imagine this is mostly affecting the stuff most people were buying that they’re willing to part ways with. It makes sense to me Princetons, Bassbreakers, Origins, DSLs (nevermind Katanas) etc are easier to buy at the moment than Vibrochamps and some more boutique items.
Me, too! May you keep all your new great gear. I’m 57, went through a period of opioid misuse when younger, other financial crunches. One source of pride or contentment, I never pawned nor sold a piece of beloved gear. I may now have more than I deserve, but when I wake up and look at the instruments in my midst, I feel both elated and humbled. 🙏🏽✌🏽💙 from Minnesota, USA
I have a 1994 lefty Mexican strat that is hot rodded to the nines. It is my golden goose. Not the top of the line but it is in my stable of guitars that I love. It bodes well with my SG and Stealth EX. I'll never sell them. I bought them for a reason.
I fully agree with you. I regularly sell my gear on eBay, mainly when I want next best thing, and 2-3 years ago, I could sell anything at any price anytime. Now, I've struggled to sell my '95 Gibson studio at a discount. Same goes for Gibson demo shop. They've had 25% sale recently, and had to go 30% just to sell some of their inventory, and even than it didn't go immediately like it usually does. On the other had, it's a great time to buy if you're looking for something in particular.
It’s not just used guitars, which is ridiculous for sure, but company’s like Eastman are creaping up there with Martin, which has held pretty stable in pricing. I would never go through the trouble of buying a used guitar from an individual. What a hassle. There’s too many new options.
High end gear is still selling (online..) but there's a lot of junk around. Everything is 'throwaway' now. Anyway.. I reckon tube amps will be all the rage when people get bored of modellers. ;)
There is a used gear store down the way from me called Gravity Music Gear. I bought a cello from them decided it wasn’t the right size for me and then I sold it in Craigslist. It took about 2 weeks to get a buyer. I bought it for $280 and I sold it for $300. Same with a couple of instruments. Craigslist is an easy sell in most cases as long as you’re in the city.
Gey gary great video. I have over 50 guitars and i am ready to down size. Im getting more into watches now. I have some very high end guitars also in my collcetion.For example i have a paoletti (made from da vinci family wine barrrels. I paid 18k for it. Relish guitars , lowden acoustic. Just those 2 were about 20k for both. Many gibson (customs) 1958 f hole. many fenders also. I have had some of these guitars for over 25 years.Whats your advice on selling these. Should i wait a few more years?Also were to sell them. I do have just regular guitars also.
I’ve got 3 Squiers, Strat, Tele and a Jazzmaster. Plus a Chinese Rick 360. My theory is buy used low ($200) and mod (another $200). Make it your creation with a fresh look. On top of it all, yes I’m running a great $160 Princeton Chorus 2-10s. I’m happy, now after 60 years, I’m really learning how to play. 😂😂😂
I love used cheap guitars I like fixing them up and playing them all day long I've got about 20 of them I didn't buy them to sell them I bought them to play them I don't care if I can't get my money back out of them some of them were $200 -$300 and they're still great guitars some of these are amazingly beautiful instruments the cool thing is I get them cheap so cheap I don't worry about it it allows me to collect them and have them around and have all the fun like a kid in a candy store.. Epiphone Ibanez fenders Taylor Martin Cordova and many others quite a few of these instruments had never been played even though I bought them on the used Market
My two cents - I saw this happen in a different hobby market a few years ago. Computer parts. Towards the beginning of 2020, new parts were released and fears about the economy loomed, so used prices crashed harder than ever. A $1600 part was suddenly worth $400 used. Fast forward to the end of 2020, supply chain issues and tariffs had pushed that same $400 used part to sell for $2000. More than it cost new. The point I'm making is, I'd half expect guitars to be worth MORE in six months. Tariffs will spike imported guitars/amps 60-100%, and that'll drag up the used prices.
Great time for musicians to stock up on quality gear. Just picked up a used (essentially unplayed) custom shop strat for almost $2,000 less than what it sold for new.
1. Economics--macro, global, national, regional, and micro/personal--and how that all relates to guitar market valuations isn't politics. That's a strange reaction for people to have. These are quantifiable realities, quite different from politics, especially these days. Conspiracy theories are much closer to the realm of politics. Why someone might buy or sell a guitar or an amp or how much they may be willing to pay to buy or the seller's price isn't politics. Sadly, I suspect this goes to show how much politics has broken so many minds. 2. Guitars are not investments to make money or grow financial wealth.
Have you ever met anyone who has read a book on Economics or has actual economic theory degree? The USA wants you stupid and most Americans are ok with that.
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OOPS! I did my off the top of my head math wrong I meant to say $800 about the Les Paul, and not $500
I was about to ask where?
I see them near me sub 800 with case good condition regularly
Les Paul tribute or studio faded.
Les Paul studio gloss
I will pay you 350 and that´s my final offer.
Nice Paul with the Soap Bars right behind you in the vid, very cool!
Yeah, that one got my GAS flared up! He did that on purpose. I bet he has already sold it too.
I couldn't take my eyes off that LP Special. Awesome looking guitar.
That's a special but not an accurate one. Real specials don't have a bridge.
Bought many basses over the years. Sold only one. Landed some crazy good deals but never thought of them as investments.
To me they are tools, very nice tools that I love, but tools all the same.
Subscribed. Never seen ya but dig your vibe and non emotional takes.
50 year old lifelong guitarist from Memphis.
Non emotional takes- Because it's just business.
I've known my closest mom & pop guitar dealer for years, and we always talk about when people try to sell him their guitars, and they use the "Well, Reverb says this worth X amount" line. To which he says "To me, not you. I have to make a profit on it first. Try selling it on your own first and it you don't have any luck, call me....I'll be here."
As far as "investments" go, Terry (my dealer) says, "They're meant to be played, not bought and stashed away!" - I agree on that, too.
Hey - thanks for sharing your thoughts with us! Really enjoy these.
Great show. I miss your weekly show. Watched it every week. The nest 😊😊😊😊😊😊😊😊😊😊😮😮😮😮😮😮🎉🎉🎉🎉🎉❤❤❤❤❤❤❤❤PAUL
Reverb prices are still fucking bonkers high
Anyone who thinks you are going to get a bargain on reverb is deluded. Due to the large chunk they want it is as good as putting it on consignment in a shop. Hopefully now evilbay has had to let you sell for free due to FB market place competition will not be long before Reverb starts getting quieter and quieter.
@ interesting. Hadn’t thought about the reverb cut of the sale price. Thanks for the info.
Which is why most of the stuff just sits there... it's not selling/moving.
It's not a small cut either. I try to do locally on Craigslist where possible
@@NHBEY39 I hate Reverb. Hope they go bust.
Thank you for posting these analysis videos, much appreciated!
I've been patiently waiting for this moment... I've already grabbed two amps(used) for 70% below msrp
i've been a vulture as well. bought 5 mid quality brand name guitars over the last year for less than $1k total. all in good to excellent shape. market here is desperate to sell. one of those is a Yamaha 12 string in new condition that i got for Cad$200. it's currently retailing at 1600.
just yesterday picked up over 1K worth of pedals for $400. day before a coworker offered me a box of assorted mid quality parts (mostly floyd rose) for 50 bucks. turned that one down.
yeah, the market's soft for investors. but i'm loving it. all the money i've refused to spend on new shop bought stuff is really showing it's strength now.
Dude, I got this massive Hartke full stack for the bass for like 400 and the bottom cabinet for my old solidstate Marshall half-stack. I run my guitar through the Marshall and then output it to the Hartke. Sounds like I’m in a stadium.🫠
Hey Mark. Just wanted to let you know how much I enjoy your videos. Your insight and willingness to share what you know is invaluable. I live in Canada but if I ever find myself in your area I would love to pop in and check out your store. Cheers!
I saw your original 2 videos when I was looking for a Tele earlier this year. I went to the HOG in Rochester and found what you were describing almost. A barely used 2021 American Pro II tele in Mercury. It was used and knocked down a few hundred dollars. Knowing that someone probably bought it during the pandemic, I talked them down to 1400 which is about 500 of the original. So the HOG had sold it to someone who thought they would learn during the pandemic, ended up not, sold it back to the HOG, which then gave me a good deal. Thanks for heads up, it helped me talk them down a little extra and got a good deal on a great player that had barely been played.
do they still pile guitars on guitars in bins, so all the guitars looked reliced from the get go?
Several retailers over the last year have put American Professional II's (Strats, Teles, basses) on sale for $1100-1300. That's a really good price- just wasn't in the position to buy.
It's a similar story here in Australia. Every week local stores shut up shop as very few people are buying due to the economic nightmare we're suffering here. My shop is hanging on by a thread thanks to repair and service work, but unknown how long that'll hold on for.
We never really had the massive VC money types pouring into companies here like over in the US, but that's recently changed. One person has bought up the 3 largest independent instrument and gear distributors, AND the two largest retail chains and rolled them all into one company. Same deal, she's from a VC background and the companies will be gutted and sold fort scrap after the balance sheet is inflated. Meanwhile, smaller retailers can't compete on the prices and our dealership requirements are so burdensome that there are very few independent stores who bother carrying the mainstay brands.
My shop went used gear only this year and the downturn is so massive I've stopped taking in consignment stock and stopped doing trade ins entirely as I could only offer 10% of what I'd sell it for because it takes so long for it to move.
Which 3 distributors have been sold?
@@ibanezlaney CMI/Australis/Innovative and SDJ/Mannys have morphed into one company (Sound Services). They've also bought Derringers. It will all go to shit and the industry will start again. But at the moment it is just souless VC c***ting, just as Six described. Dicker Data ain't going that great either...lol
@@ibanezlaneyFiona Brown bought Australis and CMI
E-commerce has destroyed a lot of brick and mortar businesses!
@drgeaustralia
Howdy, Mate!
Sorry to hear of the struggles down under, and I sure pray you keep the lights on, economies shift upward, and you’re flourishing in the future!
🙏🏽✌🏽💙 from Minnesota, USA
Thanks for the video Mark! I always enjoy them!
I recently sold a good number of guitars and amps. They all went fairly quickly. The difference? I was selling FCS, Suhr, Two Rock level stuff. As per usual, the wealthy are better insulated from economic downturn. I was into guitars around the time of the 08 recession too and while even vintage prices went down a bit rich guys were hoovering up all the good stuff. Lots of people with 5 or 6 bursts all of a sudden had 15.
" GUITARMAGEDDON " looking forward to part 4, great channel !!!!
You're not wrong and the Black Friday/Holiday discounts have created even more pressure on the used market. Why buy a used Made in Mexico Fender Strat for $450 (which used to be a good price) when you can buy a brand new one for $549. I buy/sell a lot of gear so I am always hyper-aware of market shifting. Here is my observation - the more expensive gear is definitely harder to sell and it has to be right; the right color, the right options combinations, the right condition. The cheaper used gear is easier to sell but there is less margin and it has to be clean. My challenge is finding gear to resell at the right price. I have had to pivot toward buying gear that needs some kind of work; fret work, paint work, electronics - something that makes the seller just want to get rid of it. My margin then comes from the labor of making it a great player. As just one example, I used to be able to buy Squier Affinity strats for $75 - $100, clean them up, change strings and give them a set up and sell them for $150ish. Now I have to buy them for between $25 and $50 to sell them for $100. Those are a bit harder to find at that price without something more complex to fix, and new Squier Affinity strats are on sale for less than $200. What I am finding right now is that my margin is basically in my setup and service work. I am my own service client and make up the service cost on the resale of the guitar (if that makes any sense). I make the most margin on the weird stuff - more rare, special color, etc. Great video!
Remember when used guitars weren’t expensive?
Crazy looking back on the bands I liked in the 90’s. You had AIC, SG, PJ all using LP customs, Nirvana using 60’s Jazzmasters/Jaguars, Sonic Youth too. And they were like “this is all we can afford, pawn shop stuff 🤷♂️” lol
@randall They didn’t know how good they had it.
Everyone thinks they have a collector item, especially on older guitars, and it’s a joke.
Hi. Just visited Portsmouth in November to see the Brit Pack show. Very cool place. Next time I'll visit your store. Cheers from Wisconsin!
Good to see you back ion great info , thanks
Loved it. I wish we had a knowledgable guitar shop owner like you in Wyoming.
I'm in Basin Wyoming. I get my guitars an stuff in Billings.
Bought an used Traditional pro Epiphone SG from GC for half price, $240, with a case. Guitar still had the plastic over pickups.
That used to be the standard price of used gear. Then take 20 dollars off per 'ding'.
I've been out of the guitar buying/selling world for 20 years, but for whatever reason i thought may-be I would buy something new for myself this year for Christmas. Just casually browsing some things online, I called Guitar Centre and somehow got on the phone with the manager of the store. He very kindly emailed some higher quality pictures of a strat I was looking at. After some thinking I decided it was a little too much money and I didn't really need another guitar. The guy was super nice but he said something just as I was getting off the phone in a sort of a shaky voice that stuck with me "Our used guitar inventory is so over stocked right now, I honestly don't know what we are going to do, have a nice day".
I hope business picks back up for them.
Don’t waste people’s time if you’re not going to buy. You should go back and buy something the world isn’t your servant
They have to lower prices. Plain and simple. Certain people/entities get to charge insane amounts for their service/product while others cant. Jensen and nVidia taught us you can just refuse to budge on a high price item. No price reductions. Just keep it high, and people will eventually crumble to your BS. Supply and demand don't work anymore. Or maybe its going to start in the guitar industry. Price of new Gibsons in Australia is a fking JOKE. Pawn shop prices for studio is MORE than I paid for a standard new ten years prior.
Hi Mark, .. thanks for the frank presentation.
It's been a rather strange stretch of years, hasn't it, COVID, and all ..
Fortunately, I've not been in the market to buy guitars, for awhile. But, I still look in on prices, occasionally. It seems like new Epiphones prices have climbed to what they are really worth, now. But, go a few years back .. sheew, they were bargains.
Climbed to what they're worth ? You must be from China
You mean The Lockdowns
@@aunch3 Yeah, sure .. people have different terms for it. I lost several acquaintances to it, then.
I love how you help sellers understand the situation 🙂 I spent 30 plus years in the car business and it’s similar when it comes to up and down markets.
People would come in and say xyz dealership said my trade is worth x. “ Ask them if they’ll buy it for that.”
And 100%. When you have 50 used Camry’s that aren’t selling you don’t pay market for the 51st.
Cheers!
Boomers don;t understand that we are in a new global paradigm of central bank economic warfare, things will never go back to the normal cycles unless your talking about world war and another great depression. Nissan, Volkswagon, and Stellantis are the dying canaries in the coal mine just as the DJT MAGA guitar being made in Indonesia is symbolic.
I just purchased a limited run Rickenbacker 48XC and it was not cheap. I had a 480 some years ago and missed it. The new 480xc did not disappoint me. But i would still buy an older one after I recover from this recent purchase. Just wanted to send some positivity out there, people still buying guitars! Obviously from my perspective.
Haha!
I had to look up that model.
I have a 1967 365 six string (same age as me!)
And, while the bassist in my first high school band played a blonde Ricki, I have not followed the newer model designators.
I WILL have both a Rickenbacker bass AND 12 string before I exit this planet.
(At least, that’s what I say looking at my reflection in the bathroom mirror while shaving in the morning 😳)
Thanks for sharing.
One issue is that non-beginner guitars don’t go away. They don’t get scrapped like cars, or wear out like shoes. So the market just gets saturated. Fender still chuck out loads of new guitars every day.
I love your videos 🎉 please release some more 😊
You're spot on. Most new gear absolutely nosedives... Doesn't matter the condition or case candy even.
The only stuff that's remotely a savings plan is well chosen limited edition stuff.
Good to see you again. 🙂
Hi there, it would be nice after your video you would lead us through your shop showing what you have in stock. Thanks mike
The funny part is dealing with a local used market where sellers think it's still 2022 and they're expecting to sell their gear at near what they paid new for it.
Someone was just telling me this the other day...oh yeah that was you.
I think non vintage guitars are where it’s at. Buy new or slightly used and make it your own. I bought a 2014 AVRI Jazzmaster on Reverb back in 2017 and I just love it. Honestly to me it’s such a value. A quality vintage feeling instrument for a fraction of the cost.
Very much enjoyed this content very knowledgeable.
I wish to come buy a guitar at your store, Mark.
You are awesome, the store looks like a few that have closed in the Twin Cities, and I could always use another Rickenbacker like the one behind you.
🙏🏽✌🏽💙 from Minnesota
Thanks for the update, Mark. Good to hear someone shoot it straight. We're hanging in there down here in Portsmouth, VA. Peace.
I was looking to trade a guitar in on a purchase where they are a dealer for the trade in. (Boston). The was explained that value of the guitar is capped by the their cost of a new guitar (if they still make a similar model). Makes sense and I kept the guitar and later sold on marketplace.
That could be a great thing for people who didnt buy any gear during the pandemic. Unfortunately with costs being high on everything from homes to cars to insurance and repair, there's just no money for more junk... I mean guitar related items...
Seems like new high-end basses are having a downturn, too. Thanks for the video!
Maybe we’ve reached ‘Peak Velocity’, everyone that wants to own a bunch of nice guitars already do, and are cutting way back on buying more…
It's mostly this. For example I sure don't need more
Gary, apparently it carries over to new guitars. I have bought ten guitars in the last 90 days and all were listed between 2k and 3k and In every case i got at least 30 percent off and averaged 35 percent off. Sometimes if took six or seven offers to different dealers but eventually one of them takes the offer because they have a ton of 2023s and 2024s that have not sold. Of course guitar center never cuts a good deal and that is why they will fold.
Which company cut you a good deal at 30% off?
@@andy_182 I've found ProAudioStar tends to really try to move inventory. Sometimes they have deals so good I get tempted to buy things I don't even want, just because I know the once the glut is over it'll retain its value.
@@andy_182 Most of them will.
I get good deals at Guitar Center all the time on both used and new gear. You just have to know the right person to deal with. I am a former GC Assistant store manager from back between 2003 and 2006.
Also, just in the past couple of months, Guitar Center has changed their operations to cater to the professional musician. They have unlocked all the guitars on the wall and the high end stuff is now within reach and not needing a ladder to get to.
This is just another cycle of the music instrument retail.
It doesn't help there is a shit ton of fake and cheap guitars out there also. It's called competition.
And the fact that people are getting tired of the outrageous prices for American made Fender's and Gibson's. I play upper end Epiphone stuff for this very reason.
@@truthwinseverytime8805😂 exactly like he said, guitar center doesn't cut good deals.😂 you got a fresh deal because you knew someone working there !
Agreed. A guitar is definitely not an investment for the average person.
I still have the first nice used guitar I could afford. A '73 Gold Top Deluxe that I paid $250 for. Was it a good financial investment? Nope.
But it's offered a damn fine return of enjoyment over the years 😁
This is interesting. I favorited a few Ibanez Vai Pia guitars on reverb and saw the used ones were being sold for $2,799 from $3,499 msrp. I was offered $2,799 for a brand new one and scooped it up. Weird times
Thanks, I loved your vids on capos, I found my orginal 35+ years old Shubb about a year ago needs new rubber (duct tape for now) but works fine
was just having this discussion w a fellow collector spot on
My local guitar center stopped buying pretty much any and all gear for awhile. I haven’t stopped in there in a little bit now but they had the same used guitars on the wall for months on end. Weird time for music
In my city, used guitars are almost as much as new ones. A les paul studio here is $ 1200. A used strat is about the same. Prices are way up here in the middle of the country. I am always looking,I have the bug. I have been buying and selling for 24 years now. Prices have never been higher.
For sure. How many younger people are actually playing guitar anymore? Guitar based Rock music is definitely a fading genre. I'm actually really curious to know.
I was the dummy who bought a bunch of used guitars to repair and customize and sell them off for a profit. Well, now I have a bunch of guitars that aren't selling.
Yeah, that doesn't work. Customized guitars for your preferences, but don't expect your modifications to increase value.
Facebook is terrible for gear. All I get is trade offers. Insightful video.
...Also it's a huge scouting ground for burglars... They use marketplace as well as stealing info from posts. Best thing anyone can do is delete it.
Great video. Old England here; seems a generational wave of sales (from those born 50's and 60's) presumably looking to raise cash. Youger cohorts not playing in bands as much... Auctions offering very large volumes... fully agree non vintage, dropping precipitously...
I wonder what core inflation is if they still counted fuel and food. Yeah, the last four years absolutely sucked, but I'm not political.
It’s the same in Canada too. Right after the Covid lockdown thing, things went as bad or worse than I thought
30%
Federal Reserve printing has exceeded the ridiculous new guitar capacity, where do you think the economy is going to gofrom here?
Gary, do you have a reverb or online store? I like your honesty/being straight forward... wanna keep you on a short list for my next purchase (I'm in NJ).
Prices in my area have plummeted. In the past month I've purchased four guitars, an amp, and a modeler for very reasonable prices. I've banned myself from Craigslist and Marketplace for the foreseeable future.
Tarrifs are potentially going to keep the prices where they are, if not raise them
🙄🙄🙄
How so?
I'm 62. I bought my first electric in 1977 - a Fender Music Master II for $45. The electric guitar market then was Gibson & Fender, then copies. The lawsuit MIJ's were pretty good / affordable, but they still weren't the real thing; i.e. there was a status to having a Gibson LP or a Fender Strat, but for a kid they were pricey. Now there is a MASSIVE glut of them. Unless you lived through those times, you cannot even begin to appreciate how stark the difference is between then and now.
😮
I'm still trying to figure out your point.
@@AuntAlnico4 The difference in the availability of Gibsons and Fenders from then to now is in the sheer numbers of them made since 1977. I don't know what that number is but it has to be MASSIVE. While there weren't as many people learning to play back then, the sheer volume of what has been produced since 1977 must be STAGGERING.
@@AuntAlnico4 Old people just like talking about how cheap they got things back in the day lol
@GTX1123
Beyond less demand for the instruments then, as you suggest, less folks were picking them up. The band in which I played in upper school-1981-1985-in retrospect, had an easy time making local and regional traction. There just weren’t as many young bands out there. Within one year-our freshman year-we gelled, and played enough paying gigs to buy our own “Peavey Powered” P.A.
More established bands would pay us to open for grad. parties, proms etc. as we brought the system, and it was almost cheaper for them than renting.
Sadly, the high point of my life was age 16, haha. Have an awesome day!
Here in the Washington DC area, the late 70's saw the birth of the used band equip store. Up until then it was either pawn shops or music stores that sold both new and used. By 1978-79 there was just enough gear floating around for a small store to sell exclusively used. Now we've got multiple stores here that only deal in used. One of them is GIGANTIC (Atomic Music - Beltsville Maryland).
Ive been watching crazy black friday dumps from manufacturers.
Patience my friend. The proposed tariffs will skyrocket prices, not only for the instruments but also shipping costs. Even made in U.S.A. are made with imported wood and components.
And the only winner is government coffers while they can claim to have not raised taxes, but our money is still lining their pockets. This situation is everyone but the rich getting screwed. The last tariffs by 45 cost the average American almost $1000/year. Prices going up while average people have fewer $ in their pockets isn't a road paved in gold- except for the people who are already rich. edit: And while the average American paid more to the government, 45 gave huge tax breaks to the people so wealthy it's just a numbers game. They couldn't spend all their money if they tried, the opposite of most of us.
They won't skyrocket - the market will even itself out - This country has allowed itself to be used and taken advantage of for too long - America needs to stand for Americans - Legal Americans -
@@davidrice3337 the very people you demonize are the only ones being used and taken advantage of. they work jobs that natural born citizens dont want to do at wages they wouldnt accept, all while contributing payroll taxes for benefits they'll never receive. then they're used as scapegoats by rich politicians and media so idiots like you will never recognize the real problem - the economy they've rigged against you.
@@davidrice3337 Your reply literally makes no sense. Tariffs increase the prices we pay. They’re a tax on Americans, full stop. If you’re into paying more taxes maybe you won’t mind. But you’ll definitely pay along with everyone else.
@ The cost of raising capital to build manufacturing facilities, the tooling required for the multitude of processes building the components, the cost of finance interest, increased labor costs and finally profit margins for capital outlays and assumed risk will skyrocket prices if solely “ built in America”. This isn’t politics, it’s business.
Over the past four years, inflation has skyrocketed. People used credit cards to maintain the same standards of living, but those bills are coming due. That means disposable income is being used to pay off cc debt instead of buying gear and other leisure items.
Inflation is currency devaluation which caused by Central Banks to nudge us into the new system.. People will wish for the current system of rampant unsecured debt and defaults when they wake up to tokenization...
Can confirm - I've totally profited from this, recently got two good used Japanese Takamine acoustics for the price of one used Japanese Takamine acoustic :)
Glad this popped up on my feed. I'm not too far from Portsmouth and would rather go to an independent shop than GC.
That guitar behind you with P90s looks appealing.
I own a 62 Fwanker Stroobbaclanker; its a turquoise toilet-bowl blue colour. I was rocking out so hard I ripped off the wonky bar. Its pretty hard to rock out and look cool at 63 years of age, but I still do.
Local shops are the only way to go. Guitar center is great for putting them 15' in the air with a lock. There's a mom and pop in town that has all the right brands across all price levels and I can go in there and try anything and these guys are just cool and the place is beyond comfortable. I took a $5k Custom Shop ES335 off the wall and plugged it into an AC30 once - no problem and no locks. Those guys get all my business.
Exactly
Have u seen the number of Santa Cruz guitars for sale in reverb??!!
Astounding.
A couple of weeks back at our local pawnshop sign on front door read
"We Are Not Taking Any Guitars"
They must of had 30 hanging on the wall and 50 on floor display and the manager said they have "couple hundred" in their storage.
Only ones they're attempting to sell are US made or higher end Asian made models.
As an example, the Indonesian Gibson Les Paul P90 Special i paid $90 for they can't sell them at $65. (By the I'm a new senior citizen player always dug the P-90 sound)
Jason showed me an American made Telecaster Pro they acquired through a delinquent pawn for $1100.00. Same models are selling for as little as $800.00 on the secondary market.
I've mainly got Martins, and a coupld of boutique guitars. I bought them to play, but I also thought if I could get most of the money back, then that's a fair price for playing them for a couple of years and enjoying them. So if I do ever decide to sell one, even getting back over 60% would make me pretty happy. If I'm more patient, I think I can still get more. Also, the guitars I've got are quite rare in Australia, and it shouldn't be hard to be much lower than retail prices, and still make a little on the sale.
Hello, glad to see you are doing well! What are your impressions with the guitar pedal market? 🙂
I think that store wasn’t doing outright purchases “cash for guitars” but was still taking in trade ins towards other gear.
Good one brother!
Prices for guitars have almost always been crazy out of proportion to what they represent. The cost of materials is laughably low for any guitar. Wood, glue, urethane, bits of steel, and maybe a couple of magnets with short thin wires. Their wood cut designs are simplistic enough any kid with rudimentary wood working skills in a junior high shop class could make from scratch. Majority of guitar design hasn't changed for over 70 years. Instead of innovations over time dropping prices of new guitars, they instead have some how magically increased for decades instead.
I am more surprised that it took this many decades for the collapse on prices to finally start happening.
I'm positive that the economy is going to rebound fully and then grow well beyond that as well!
Well as long as you’re positive the economy will get better I’ll trade the Constitution for a little cheap gas and eggs.
Where do you guys live? The economy is booming
TRUMP!
@ maybe you should sell your stupid $80,000 pickup truck to pay your credit cards off. Then maybe you won’t be living paycheck to paycheck and have to sell your cheap ass Asian guitars.. I got popcorn to watch the big comedy show the next four years
@@b476816 who the fuck you talking to like Hitler?
I had to sell a lot of my non vintage and a couple of my vintage guitars in late 2021… I was able to keep the ones that I purchased during the pandemic.
Now that I’m settled in with my move ( the reason I sold ) I have the space and the ability to shop marketplace for some different gear, I typically hang on to stuff for decades and a couple I would never sell
Just another casualty of The Lockdown era
Ive been scooping up deals on well-made Asian guitars like Firefly 335, Oscar Schmidt Les Paul, Fender Starcaster. All my guitar purchases are in the $100 to $150 range. I only have a couple I paid $200 or $225 for.
It is a great time to be alive and get a quality instrument for cheap. I would have given alot 30 years ago to have what is easily available now. For me, name brand is not necessarily important. I can appreciate them, but I am very happy with what I have. Leave the Gibson USA and Fender USA to the pro musicians and cork-sniffers
I dunno man. I’m still insanely buying stuff and I’m not seeing these blowout prices on reverb etc. I’m actually looking for a VibroChamp right now at a reasonable price and I mean I can’t find one. Is it because I’m in Canada possibly?
I imagine this is mostly affecting the stuff most people were buying that they’re willing to part ways with. It makes sense to me Princetons, Bassbreakers, Origins, DSLs (nevermind Katanas) etc are easier to buy at the moment than Vibrochamps and some more boutique items.
Love the videos man
I've been enjoying sales and discounts on new stuff...and hoping that I don't end up needing to sell any of it.
Me, too!
May you keep all your new great gear.
I’m 57, went through a period of opioid misuse when younger, other financial crunches. One source of pride or contentment, I never pawned nor sold a piece of beloved gear. I may now have more than I deserve, but when I wake up and look at the instruments in my midst, I feel both elated and humbled.
🙏🏽✌🏽💙 from Minnesota, USA
I saw your last video.. you've a good handle on it
I have a 1994 lefty Mexican strat that is hot rodded to the nines. It is my golden goose. Not the top of the line but it is in my stable of guitars that I love. It bodes well with my SG and Stealth EX. I'll never sell them. I bought them for a reason.
I fully agree with you. I regularly sell my gear on eBay, mainly when I want next best thing, and 2-3 years ago, I could sell anything at any price anytime. Now, I've struggled to sell my '95 Gibson studio at a discount. Same goes for Gibson demo shop. They've had 25% sale recently, and had to go 30% just to sell some of their inventory, and even than it didn't go immediately like it usually does. On the other had, it's a great time to buy if you're looking for something in particular.
It’s not just used guitars, which is ridiculous for sure, but company’s like Eastman are creaping up there with Martin, which has held pretty stable in pricing. I would never go through the trouble of buying a used guitar from an individual. What a hassle. There’s too many new options.
As always, supply and demand have a strong effect on prices for used gear and (to a lesser degree) for new gear.
High end gear is still selling (online..) but there's a lot of junk around. Everything is 'throwaway' now. Anyway.. I reckon tube amps will be all the rage when people get bored of modellers. ;)
What are your thoughts on the new Recording King acoustics? I've bought two different styles this year and love them
There is a used gear store down the way from me called Gravity Music Gear. I bought a cello from them decided it wasn’t the right size for me and then I sold it in Craigslist. It took about 2 weeks to get a buyer. I bought it for $280 and I sold it for $300. Same with a couple of instruments. Craigslist is an easy sell in most cases as long as you’re in the city.
Gey gary great video. I have over 50 guitars and i am ready to down size. Im getting more into watches now. I have some very high end guitars also in my collcetion.For example i have a paoletti (made from da vinci family wine barrrels. I paid 18k for it. Relish guitars , lowden acoustic. Just those 2 were about 20k for both. Many gibson (customs) 1958 f hole. many fenders also. I have had some of these guitars for over 25 years.Whats your advice on selling these. Should i wait a few more years?Also were to sell them. I do have just regular guitars also.
WIt 3 years the economy will be booming
I believe the term you are looking for is “Guitarmageddon”. 😊
I’ve got 3 Squiers, Strat, Tele and a Jazzmaster. Plus a Chinese Rick 360. My theory is buy used low ($200) and mod (another $200). Make it your creation with a fresh look. On top of it all, yes I’m running a great $160 Princeton Chorus 2-10s. I’m happy, now after 60 years, I’m really learning how to play. 😂😂😂
Now for the car market.
I had to smile. I literally DO have a '64 Martin 0021-NY.
I love used cheap guitars I like fixing them up and playing them all day long I've got about 20 of them I didn't buy them to sell them I bought them to play them I don't care if I can't get my money back out of them some of them were $200 -$300 and they're still great guitars some of these are amazingly beautiful instruments the cool thing is I get them cheap so cheap I don't worry about it it allows me to collect them and have them around and have all the fun like a kid in a candy store.. Epiphone Ibanez fenders Taylor Martin Cordova and many others quite a few of these instruments had never been played even though I bought them on the used Market
My two cents - I saw this happen in a different hobby market a few years ago. Computer parts. Towards the beginning of 2020, new parts were released and fears about the economy loomed, so used prices crashed harder than ever. A $1600 part was suddenly worth $400 used. Fast forward to the end of 2020, supply chain issues and tariffs had pushed that same $400 used part to sell for $2000. More than it cost new.
The point I'm making is, I'd half expect guitars to be worth MORE in six months. Tariffs will spike imported guitars/amps 60-100%, and that'll drag up the used prices.
Yeah but it's not going to happen thanks to huge supply.
The demand will have to be there - and the expendable $$. That's not likely - not until the economy recovers for awhile.
@@AuntAlnico4the demand won’t go away completely, and may pickup again anyways
Great time for musicians to stock up on quality gear. Just picked up a used (essentially unplayed) custom shop strat for almost $2,000 less than what it sold for new.
I'll have to stop by the shop!
How much for the 360 Rickenbacker?
My local brick & mortar music store (65yrs. in business) liquidated September24'), broke my heart. My Jr. High bandmate's Grandpa started
lets hear about that axe over your shoulder...seems like a very unique paint job.
1. Economics--macro, global, national, regional, and micro/personal--and how that all relates to guitar market valuations isn't politics. That's a strange reaction for people to have. These are quantifiable realities, quite different from politics, especially these days. Conspiracy theories are much closer to the realm of politics. Why someone might buy or sell a guitar or an amp or how much they may be willing to pay to buy or the seller's price isn't politics. Sadly, I suspect this goes to show how much politics has broken so many minds.
2. Guitars are not investments to make money or grow financial wealth.
Have you ever met anyone who has read a book on Economics or has actual economic theory degree? The USA wants you stupid and most Americans are ok with that.
Great video man!