Guitar Lessons by Chip McDonald - chip@chipmcdonald.com: Craigslist Music Gear Prices are Insane!

Wednesday, January 19, 2022

Craigslist Music Gear Prices are Insane!

  

 A curious phenomenon has occurred slowly over the past few years.

 Prices on Craigslist are almost wholly unrealistic to the point of being comical.   

 "Back in the day" you expected 20-30% off list price for a new piece of music gear.  Likewise if you *really* wanted to sell it afterwards, it had to be close to 50% list price, or lower.  

 Because...


 THAT MADE SENSE.


 But now, there is this mindset I've heard echoed by a number of people:

 "I'm selling my Something or Other, for (GC price) since it's almost brand new/great condition/similar to when I bought it".

  It's ... peculiar.  Would you have wanted to buy your used gear for basically the same price you paid for it new?  Of course not.  But effectively all of the listings on Craigslist ARE nearly the same price as brand new from GC.  10% off what you paid for it isn't what it's actually worth.

 So there must be piles of used music gear accumulating on the planet!  It doesn't evaporate.  The $100 beginners guitar in the closet that, for some reason, didn't sell on Craigslist for $90 isn't turning into air.  

 I know that there are people that somehow are actually buying used gear for these prices. They're of what used to be the Casual Vintage Guitar Wheeler-Dealer persona.  But it's ridiculous seeing things on Craigslist (or Reverb.com) for weeks, months, that are going to end up in a closet, because "it's in mint condition!".   

 Possibly in turn this could be a panacea for music stores.  People look at these prices, and think "well, I can just order that online and have it here brand new in a few days for basically that price".  The Music Retailer thinks "business is good", and doesn't want to budge from MAP, and then the Music Manufacturer thinks "look at our orders; we need to raise prices!". 

 Craigslist seller can wait a few years, and then his price becomes "acceptable"?  Auto-vintage?  Inflated prices doesn't mean everything is going to sell for what you paid for it.  



 

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