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Market Price vs. Personal Value

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Slipkid
Posted 2011-11-15 10:48 AM (#347148)
Subject: Market Price vs. Personal Value



Joined:
September 2003
Posts: 9301

Location: south east Michigan
Here's a little different twist.
Do you have an Ovation(s) that you personally value much more than the resale market would suggest?
My DiMeola, UTE, Breadwinner, and 40+ year old Balladeer wouldn't go even if the market went back to Pre Great Recession prices.
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stephent28
Posted 2011-11-15 10:56 AM (#347149 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value



Joined:
April 2004
Posts: 13303

Location: Latitude 39.56819, Longitude -105.080066
yeah....I feel that all my guitars are special and worth more to me than the general public.

Probably because I know I have gone through hundreds of guitars and consider those I have left the creme de la creme!

If somebody wants one and pays my price, then ultimately I think we will both be happy cause I have no "sacred" guitar that can't be replaced and the buyer will get an outstanding guitar for a proper price.

If nobody wants to pay the price, then I get to keep a world class guitar.
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SOBeach
Posted 2011-11-15 11:16 AM (#347150 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value


Joined:
April 2010
Posts: 823

Location: sitting at my computer
Originally posted by stephent28:
yeah....I feel that all my guitars are special and worth more to me than the general public
x2
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Mark in Boise
Posted 2011-11-15 11:27 AM (#347151 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value


Joined:
March 2005
Posts: 12759

Location: Boise, Idaho
Pretty much all of them, although some of the starting prices for the occasional 1713 or 1614 that I see on the market makes me think that mine are worth more than I paid. Maybe that's why I keep them.
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ProfessorBB
Posted 2011-11-15 12:10 PM (#347152 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value



Joined:
January 2006
Posts: 5881

Location: Colorado Rocky Mountains
All of my custom orders, the Legend Ltd which I purchased new in 1981, and the 1567 Legend SSB that I acquired from a member here and play more than any other guitar I own simply because I use it for all weekly band rehearsals. It just keeps doing its job very well, week after week.
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Darkbar
Posted 2011-11-15 2:51 PM (#347153 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value



Joined:
January 2009
Posts: 4535

Location: Flahdaw
Originally posted by stephent28:

If nobody wants to pay the price, then I get to keep a world class guitar.
Well, that explains why I couldn't pry that EF-75 out of your greedy little hands for $675
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Slipkid
Posted 2011-11-15 3:22 PM (#347154 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value



Joined:
September 2003
Posts: 9301

Location: south east Michigan
This trend might reflect an answer to the other thread asking why the "good ones" are becoming hard to find.
.
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mbedard
Posted 2011-11-15 3:35 PM (#347155 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value



Joined:
December 2005
Posts: 247

Location: Seacoast NH
The first O I bought is a pretty plain and basic Elite 6768 deep bowl. 18 years on and the thing still looks and sounds great. Probably only worth a few hundred on the market, but its priceless to me because of all the travels and memories I have with that thing as my wingman.

And in college, that Elite coupled with either "Brown Eyed Girl" or "Wish You Were Here" never failed to move female relations on in the right direction...NOT FOR SALE!
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Mr. Ovation
Posted 2011-11-15 4:13 PM (#347156 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value


Joined:
December 2001
Posts: 7229

Location: The Great Pacific Northwest
Originally posted by Slipkid:
Ovation(s) that you personally value much more than the resale market would suggest?
I think that pretty much describes ALL Ovations ever made. Think about it. The UltraGP is still selling in the $2500 range for the right buyer. If the reason is strictly the rarity and the level of fame of one guitar player who played it, than what should a Bluebird or a Deacon be worth? $5000 to $8000 at least. But there is no logic.

A stock 2080 should not be a penny under 3k when comparing it to what else is out there and how its made yet people are willing to sell them for a fraction of that.

I think any Ovation sold today (new or used) is truly a matter of "what can I get for it" without ANY regard to what its actually worth. For me, I define worth as "the sum of it's parts and the people to put it together." Market value or personal value (read sentimental) are factors we really can't control, so we settle for what we can get. I think only a small handful of Ovation guitars have sold for what they are worth, but that perceived value was driven by factors that were not directly related to them being an Ovation guitar.
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Slipkid
Posted 2011-11-15 4:33 PM (#347157 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value



Joined:
September 2003
Posts: 9301

Location: south east Michigan
I just did a little calculation.
You could have all of my Ovations for $7,700.
.
Yet I fiqure the current street price to be about $3600.
.
Yet again... I don't think I could even replace them, apples to apples, for $7,700.
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SOBeach
Posted 2011-11-15 4:48 PM (#347158 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value


Joined:
April 2010
Posts: 823

Location: sitting at my computer
Originally posted by Mr. Ovation:
I think only a small handful of Ovation guitars have sold for what they are worth, but that perceived value was driven by factors that were not directly related to them being an Ovation guitar.
Agreed - but then if Ovations were as highly appreciated and valued as they ought to be... I wouldn't have been able to afford the small collection I have. I'll except that trade-off! :D
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locorogue
Posted 2011-11-17 1:59 AM (#347159 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value


Joined:
November 2011
Posts: 19

Location: NOR*CAL
I know i'm a noob here, and my total Ovation collection is trivial, to perhaps most, but my Celebrity CC24 which had a few finish cracks, and the bridge(wings as i call them now) was lifting and warped is hard to part with now. I refurb'd the guitar myself and am proud to say i did a masterful job. I essentially reconstructed the bridge(original mod on Ovation i'm certain), re-centered the string locations, and refinished the top in a new modern Elite TX series type of finish(but it has zero glare or reflectivity, total subdued, dunno if i'll reveal my secret)...i don't know if i'll ever let this "axe" go now...

I also bought the "new" Celebrity CC29S-4C, which apparently was a flawed guitar from the very start of this series, as they 'pulled' the guitar from their website interestingly enough shortly after i emailed them with the issues of my "new" CC29". Being the do-it yourself guy, i fixed the problem of the soundhole being 3/8" off centered, and the strings obviously being off-centered, now i obviously have a one of a kind Ovation CC29S-4C. The mod is obvious, unique, the sound is stellar, and i don't think i'd part with this one now either.

It's probably obviously because i put extensive time into my two imperfect Ovations that made them essentially beyond perfect(and now one of a kinds, again, pics if requested) that makes me cherish them more than my factory "perfect" models...with respect.

Will supply pics if requested...
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twistedlim
Posted 2011-11-17 1:41 PM (#347160 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value


Joined:
November 2008
Posts: 1119

Location: Michigan
My 1767 would not go back on the market because it would never bring anywhere close to what it is worth (and it is a do it all guitar). The UTE is the UTE and there is really nothing that could pry it from my hands although I did offer it to my son in a straight up trade for his 1614 (to give him a better guitar) and he turned me down---likes the folklore too much :) . About the only one I could see getting rid of is my K1115 but only because I don't play it. I am sure I could get pretty close to what I paid so that is not really a big deal.

Brad I like the "new twist" perhaps I should change my screen name. Heck the ute would probably cost you 2500-3000 to replace new anyway.
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moody, p.i.
Posted 2011-11-17 4:35 PM (#347161 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value


Joined:
March 2002
Posts: 15673

Location: SoCal
Originally posted by Slipkid:
Here's a little different twist.
Do you have an Ovation(s) that you personally value much more than the resale market would suggest?
My DiMeola, UTE, Breadwinner, and 40+ year old Balladeer wouldn't go even if the market went back to Pre Great Recession prices.
1537, rebuilt A braced Legend, 1914 0018 Martin....
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Patch
Posted 2011-11-17 6:56 PM (#347162 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value



Joined:
May 2006
Posts: 4230

Location: Steeler Nation, Hudson Valley Contingent
Originally posted by Slipkid:
Here's a little different twist.
Do you have an Ovation(s) that you personally value much more than the resale market would suggest?
My DiMeola, UTE, Breadwinner, and 40+ year old Balladeer wouldn't go even if the market went back to Pre Great Recession prices.
How long a list would you like?
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TAFKAR
Posted 2011-11-17 9:35 PM (#347163 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value



Joined:
April 2008
Posts: 2985

Location: Sydney, Australia
For everyone on this forum I'd suggest it's pretty much those ones we keep. They're worth more to me than the money I could get, and I can't see I'd get a better guitar for the money.

My personal keepers: 08C, Adamas 1680, Adamas 1685. A really good offer might prise the last one out, but that would only be if it was enough to replace it with a 1688.
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FlySig
Posted 2011-11-18 10:15 AM (#347164 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value



Joined:
October 2005
Posts: 4063

Location: Utah
All of them right now. The 6778LX has gained a renewed place in my heart after not being able to sell it for any kind of reasonable price last year. Adamas 2080, I wouldn't part with that for the price of a new one. Patriot? Heck no won't sell!

The Hamer Newport continues to blow me away every time I play it.

There are other guitars I'd like to have, but not at the expense of getting rid of any of the ones I have already.
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locorogue
Posted 2011-11-19 2:18 AM (#347165 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value


Joined:
November 2011
Posts: 19

Location: NOR*CAL
Originally posted by FlySig:
All of them right now. The 6778LX has gained a renewed place in my heart after not being able to sell it for any kind of reasonable price last year. Adamas 2080, I wouldn't part with that for the price of a new one. Patriot? Heck no won't sell!

The Hamer Newport continues to blow me away every time I play it.

There are other guitars I'd like to have, but not at the expense of getting rid of any of the ones I have already.
Right on, i would find it hard to part with the 2080(whoa). I have a deep feeling of loss when i think of having to unload a guitar, especially any of my Ovations. That being said, i am going to part with two more of my Ovations, but to upgrade to a 'better' Ovation. That being said, having just scored my 2078TX, and comparing it to my DS778TX, i want to check out the Custom Legend 1769-ADII...
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Old Man Arthur
Posted 2011-11-19 3:06 AM (#347166 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value



Joined:
September 2006
Posts: 10777

Location: Keepin' It Weird in Portland, OR
About 6778LX Elites...
I am always heartened to see people trying to sell them on d'Bay for up to $1,000+ :D link
And I really hope that they get it.

I have two of them...
I paid $300 for one and $410 for the other (with a case)
But I would not sell either of them for that much.
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FlySig
Posted 2011-11-19 10:26 AM (#347167 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value



Joined:
October 2005
Posts: 4063

Location: Utah
I paid about $650 for my used 6778LX about 4 or 5 years ago when that was the going price for a minty used 6778LX. Street pricing was about $800 or so at the time for a new one. I bought in right at the top of the market for used O's but don't regret it, as the guitar is still better than the price paid.

Mine is the Vintage Natural finish which was only made one year and in small numbers. In fact mine was the spokesmodel used in the publicity pictures for the VN finish.

Other than being very similar in appearance to the 2007 Collectors and only a single sided epaulet, it is a typical mid bowl LX. In 20 years these will still be prized as great guitars.
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DaveKell
Posted 2011-12-02 2:41 PM (#347168 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value


Joined:
November 2011
Posts: 741

Location: Fort Worth, TX
I won't make the mistake again of selling my O like I did with the Glen Campbell model 30 years ago. I often wonder if it being serial number 3 of the 40th anniversary reissue Balladeer has any significance as to what its value might be?
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stepchildusmc
Posted 2011-12-03 12:36 PM (#347169 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value


Joined:
September 2011
Posts: 108

Location: eastern united states
i have nothing special.... yet. i foolishly spent a TON of money on a couple of taylors after i got back into guitars. they are definitely not worth as much to me as my O's. now ones broken after only 2 weeks of ownership(waited 3 months for it) and the other sits untouched as the O's are much more enjoyable to play. impatience was my undoing. foolishly went for the ones with more popularity beliving the hype and not what was better for me. that'll change soon.
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moody, p.i.
Posted 2011-12-03 12:44 PM (#347170 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value


Joined:
March 2002
Posts: 15673

Location: SoCal
Originally posted by DaveKell:
I won't make the mistake again of selling my O like I did with the Glen Campbell model 30 years ago. I often wonder if it being serial number 3 of the 40th anniversary reissue Balladeer has any significance as to what its value might be?
I don't think the low serial number is going to have much significance on the value. What I'm certain of tho', is that the 40th reissue Balladeer is one of the very best guitars Ovation ever built. And as much as the market doesn't respect it, I'd play that guitar over ANY Tailor or any other guitar in the $2-$3000 range. I think they are that good....
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DaveKell
Posted 2011-12-03 5:51 PM (#347171 - in reply to #347148)
Subject: Re: Market Price vs. Personal Value


Joined:
November 2011
Posts: 741

Location: Fort Worth, TX
thanks moody - couldn't agree more, although the O Glen Campbell I had 30 years ago is my only frame of reference. I much prefer this to my former guitar - a Martin D28 custom.
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