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June 2006
Posts: 7307
Location: South of most, North of few | First Blues' FD, now Jack's CEO.... is the economy starting to perk up? |
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Joined:
December 2006
Posts: 6268
Location: Florida Central Gulf Coast | Actually I think that the economy is forcing some very nice and desired guitars onto the market. I haven't seen such great guitars in these numbers since I got back into looking.
Sell one nice guitar to get a nicer one due to the availability and some bargain basement prices...
Just my  |
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Joined:
November 2007
Posts: 1486
Location: Cincinnati | Originally posted by 2ifbyC:
Actually I think that the economy is forcing some very nice and desired guitars onto the market. I haven't seen such great guitars in these numbers since I got back into looking.
Sell one nice guitar to get a nicer one due to the availability and some bargain basement prices...
Just my |
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Joined:
September 2006
Posts: 10777
Location: Keepin' It Weird in Portland, OR | Actually there are ALOT of guitars selling for ALOT less than they are worth.
It is a Buyers Market. I bought my 07C for $700, my K-1111 for $600.
A Red Flame GCXT just went for $440 with case and shipping.
A relatively good 1615 just sold for $172 with case and shipping.
While trying to sell my 1621 Artist I watched a bunch of perfectly good Ovations with Low prices in the $300 - $400 range just fade away without any bids.
I have watched a coupla dozen reasonably priced Adami fade into oblivion with no takers.
Yes, there are alot of good guitars being sold...
By people who swore they would NEVER sell that guitar! :mad:
The last four Ovations that I sold, I sold at a Loss.
Great time to be buying, crappy time to be selling. |
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Joined:
March 2007
Posts: 841
Location: CA | On eBay alone in the last 5 days:
1778T — $299
1869 custom Legend — $460
1617 Legend — $199
It's a wasteland out there if you're a seller. An Oasis in the wasteland if you're a buyer. |
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March 2005
Posts: 5563
Location: Blue Ridge Mountains | 3 out of 4 of mine sold: two here and one on the bay...averaged out I broke even w/what I had in all three... |
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June 2006
Posts: 7307
Location: South of most, North of few | Well, I'm doin my part. :D |
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January 2009
Posts: 4535
Location: Flahdaw | PEOPLE are selling guitars at very good prices, but I haven't noticed the retail stores doing much. Samash at 20% off purchases of $399 or more isn't going to do it. Musician's Friend isn't doing anything much either.
Lots of stuff at pawnshops. Craigslist and ebay are loaded. I've got cash, I just don't have much desire to buy anything.
Here's a question I can't find an answer to...when these smaller retail shops close around the country, what happens to their inventory. I don't see any big liquidation sites on the internet, but I don't see manufacturers taking back unsold merchandise either. |
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Joined:
August 2007
Posts: 494
Location: Location Location Location | Here's a question I can't find an answer to...when these smaller retail shops close around the country, what happens to their inventory. I don't see any big liquidation sites on the internet, but I don't see manufacturers taking back unsold merchandise either.
I was speaking to the owner of the South Austin Music Store and he mentioned that he had the opportunity to buy out the inventory of a mid west store that was going out of business, but that the majority of their inventory was Ovations, and that Ovation doesn't do well in Austin. (Wish I knew who it was)
I don't know if you could generalize that to what happens as a rule, but it is one scenario. |
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January 2009
Posts: 4535
Location: Flahdaw | Yeah, exactly.....so what's gonna happen to those Ovations? Are they gonna sell at 50% off. |
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October 2005
Posts: 5328
Location: Cicero, NY | They might sell at a discount (read: below the local GC) because of the good buy and to generate cash flow but you probably won't see anything like 50% off. Chances are they were probably Celeb's with an LX or two anyway. |
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January 2009
Posts: 4535
Location: Flahdaw | But what happens to the ones that don't sell before the store closes....where do they go? |
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Joined:
November 2006
Posts: 3969
| Originally posted by darkbarguitar:
But what happens to the ones that don't sell before the store closes....where do they go? I'd guess that whatever didn't sell at an inventory liquidation at the time of the store's closing would default to the owner(s). Not knowing the legal issues I'd speculate that such inventory might be transferred en masse to a liquidator to settle any outstanding debts. Barring that, they'd be the property of the owner(s) to dispose of as they saw fit.
A couple of years ago I saw an ad on Craigslist from a guy offering a number of guitars, his claim being that it was leftover unsold stock from his defunct music store. I imagine many of the guitars in those traveling road show/swap meets come from such inventory. |
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Joined:
January 2009
Posts: 4535
Location: Flahdaw | Ahhh, good answer. Leave it to g8r. That explains the stuff the shopowner "owned." But I would think a lot of the merchandise is leveraged.
Now, what would a said "liquidator" do with a stash of guitars he took to settle outstanding debt. I'm just asking because there should be a clearinghouse for this stuff, but I've googled it and can't find anything. You know that Ovation, or Fender, or Taylor, etc., don't want this stuff back. It's gotta go somehwere. |
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Joined:
August 2008
Posts: 90
Location: los angeles | I picked up my two USA acoustic Os at GC new on clearance at less than 50% off, which is how I could afford them. Basically at 1/3 of list. I have never seen better deals on any classifieds. Come to think of it, when I picked up my UKII at GC a couple of years ago, it was only 25% off the original very old MSRP and had some issues which the good folks here helped me successfully deal with. But that might be a collector's item if the economy improves and if people at large get hip to that axe.
Bob |
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Joined:
September 2006
Posts: 10777
Location: Keepin' It Weird in Portland, OR | As far as inventory liquidation goes (this is Not guitars) a store called Joe's (AKA G.I. Joe's) around here closed. The stores were turned-over to a 'inventory liquidation' company. During the "Sale" people went into the store looking for bargains and found that some of the prices had been RAISED! The Liquidation Companies bid on the opportunity to liquidate these stores, then they try to squeeze every penny they can get out of the store.
Now these same people may look at a the MSRP of a Celebrity CS257 at $829 and think $750 is a good deal.
Then in the end I guess they would end-up selling it bulk to some one else just to get a fast buck. Next, it ends-up on eBarf!
BTW- That 'Clearance' at Joe's didn't turn-out too good for bargain hunters.
I have no idea what they did with that inventory. |
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Joined:
February 2005
Posts: 11840
Location: closely held secret | They're still trying to sell it... |
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Guitars are selling again?
