Selling used guitars at insane prices

GrandmaShreds

GrandmaShreds

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What is with dudes trying to sell a used guitar for almost the same price as a new one of the same model? This guy is trying to sell a used Epi Les Paul Muse for $600 CAD and a brand new one is on sale for $699 CAD. Am I missing something here? Do used Epiphones retain their value or something? At the end of the day it's a made in China guitar. I wouldn't try to rip someone off at that price!
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For starters I think a whole lot of less experienced sellers fail to do their homework as far as determining what current MV is for the gear they're selling. IME used guitars like this one can sell anywhere from 50% of new to 80% of new. It just depends on it's condition and how much demand there is vs the supply.

What it looks like to me is this seller has taken the original MSRP of $795 and priced his guitar at 75% of that He may be unaware of the one you've shown selling at $699. But does that include shipping or is it shipped free. The other factor would be sales tax if any. I don't know how it's done in Canada but here we have a combined state and local sales tax of 8%.

So even if it ships free a buyer here would pay $699 + $55.92 (sales tax) = $754.92. Since a private seller doesn't collect sales tax a price of $600 is still roughly 20% less than new. No doubt he's at the very top of the price range but I suppose he may figure it's as good a starting position as any. I'll often list higher then drop my price to avoid a lot of haggling.
 
I regret not dropping $2k on a 1962 Epiphone Broadway in 2000...damn stupid of me. It was a wonderful guitar...

We could discuss what I parted with a 64 Strat and 67 Deluxe Reverb for, but then we'd find ourselves doing a deep dive into definitions. Suffice it to say all of the instruments I've mentioned went for well in excess of what they sold for new. Even adjusted for inflation.
 
rolandson said:
I regret not dropping $2k on a 1962 Epiphone Broadway in 2000...damn stupid of me. It was a wonderful guitar...

We could discuss what I parted with a 64 Strat and 67 Deluxe Reverb for, but then we'd find ourselves doing a deep dive into definitions. Suffice it to say all of the instruments I've mentioned went for well in excess of what they sold for new. Even adjusted for inflation.
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I'd love to have all of the gear I once owned back in the late '60s and early '70s. I figure it's best not to think about it.
 
If I thought any of mine would actually sell for at or more than I paid…I’d go for it. But I have better ways to spend my time than dealing with rational buyers.
 
I know why that guitar is for sale for such a high price. The guy’s wife has been pestering him to sell a guitar. The guy listed it for sale to appease his wife. 3 months later. I’m sorry honey, I’m tryin’ to sell it, I really am. Smart tactic when dealing with a domineering spouse.
 
soulman said:
I'd love to have all of the gear I once owned back in the late '60s and early '70s. I figure it's best not to think about it.
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oh, me too...but not because of the increased values they command now so much as their own unique sound. Back then I assumed that those attributes were endemic to the brand, such that they would manifest in every instrument that company produced.

because I'm stupid.
 
3bolt79 said:
I know why that guitar is for sale for such a high price. The guy’s wife has been pestering him to sell a guitar. The guy listed it for sale to appease his wife. 3 months later. I’m sorry honey, I’m tryin’ to sell it, I really am. Smart tactic when dealing with a domineering spouse.
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Only when it works. Had a friend who had an old truck he kept telling his wife he was gonna sell but he had it priced so high no one bought it. He figured he was safe. He and some of his fishing buddies took off on a week long fishing trip. She put her own add up asking about half what he was. It sold in two days. He comes back from the trip and she gave him half of what she sold it for. Kept the rest as her share of the sales price. Smart only works if you're wife isn't smarter than you are. :ROFLMAO:
 
soulman said:
Only when it works. Had a friend who had an old truck he kept telling his wife he was gonna sell but he had it priced so high no one bought it. He figured he was safe. He and some of his fishing buddies took off on a week long fishing trip. She put her own add up asking about half what he was. It sold in two days. He comes back from the trip and she gave him half of what she sold it for. Kept the rest as her share of the sales price. Smart only works if you're wife isn't smarter than you are. :ROFLMAO:
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I’d divorce her…
 
3bolt79 said:
Times 3 haha. They thought they would get more than they did, which wasn’t much. The last one cost her money, which is only fair after she tried to off me for the life insurance.
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There was one woman whom if I had married here I believe I might have met a similar fate. I dodged a bullet. Figuratively of course.
 
soulman said:
Only when it works. Had a friend who had an old truck he kept telling his wife he was gonna sell but he had it priced so high no one bought it. He figured he was safe. He and some of his fishing buddies took off on a week long fishing trip. She put her own add up asking about half what he was. It sold in two days. He comes back from the trip and she gave him half of what she sold it for. Kept the rest as her share of the sales price. Smart only works if you're wife isn't smarter than you are. :ROFLMAO:
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This story reminds me of a joke I heard on Facebook from that couple Mike and Joelle.

Husband; What you do if I won the lottery?

Wife; I take my half and leave you.

Husband; Ok, I just won $12. Here's your half. Be sure to stay in touch.
 
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