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How do you price guitars when selling?

10K views 38 replies 29 participants last post by  zontar  
I have been getting unsolicited offers from vendors for guitars that I view on Reverb. They typically come on new guitars and the offers are usually at least 10% off the listed price on the guitar (which are easier to price than what you are describing). What that tells me is that the market has become softer than it was over the last couple years. The used market in my city is starting to settle down and I see pieces that are priced much lower than they were even last year.

I am often dealing in with the issue you are describing. Something unusual or off the beaten track gets no love where I am from and I typically end up selling online. There is no science to how I price what I am selling other than using my best guess and looking for a number that I am comfortable on receiving for the guitar. I don‘t buy and sell for money. I am not a big subscriber to the notion that “I saw this l listed on Reverb for X dollars so mine must be worth at least X as well”. Other variables play a role - how quickly do I need to sell for example.

Not sure if this helps but its a system that seems to work for me.