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Market Value

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Wagonmaster
Posted 2009-02-06 5:18 AM (#429200)
Subject: Market Value
Joined:
August 2008
Posts: 121

Location: Maine
Like the Kelly Blue Book for automobiles, Is there anything that exists like that for Ovations? I know that this site has a list that shows the suggested retail when they were new, but I'm wondering about current fair market value for various models. I can't find anything like that.
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BT717
Posted 2009-02-06 6:05 AM (#429201 - in reply to #429200)
Subject: Re: Market Value


Joined:
October 2007
Posts: 2711

Location: Vernon CT
Yes there is:

https://store.bluebookinc.com/Guitars/Default.aspx
I actualy found one online and printed the Ovation pages a couple of years ago. You will have to research that.
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Old Man Arthur
Posted 2009-02-06 6:34 AM (#429202 - in reply to #429200)
Subject: Re: Market Value



Joined:
September 2006
Posts: 10777

Location: Keepin' It Weird in Portland, OR
Yeah... But isn't "Blue Book Value" very subjective, and varies with the weather?

Just look at some of the recent eBarf sales...
I recent saw a relatively nice Adamas W597 go for $625!
There's a guy who keeps relisting a Flame T and it just made it up to $510 (didn't make the reserve).
I just bought a K-1111 for $500 (plus shipping).
I paid more for my Used 1778T (with a gigbag) than I paid for my Brand-Spankin' New Sweetwater T.

Quoting Blue Book is like quoting MSRP... Nobody really pays that price.

(Just wanted to be annoying real late at night by stating the obvious. :p )
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Trader Jim
Posted 2009-02-06 6:52 AM (#429203 - in reply to #429200)
Subject: Re: Market Value


Joined:
June 2006
Posts: 7307

Location: South of most, North of few
We would expect nothing else from you OMA... :rolleyes: :D I have the latest edition of that book and never look at it. Usually the bay is the best indicator of actual market value, baring the occasional giveaway deals.
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Gallerinski
Posted 2009-02-06 8:07 AM (#429204 - in reply to #429200)
Subject: Re: Market Value
Joined:
May 2008
Posts: 4996

Location: Phoenix AZ
With some exceptions of course, I think Ovation and Adamas guitars today sell for pretty much the same price they did as when they were new, independent of age or model. ie, a late 70's Legend cost about $400 at the time and that's about what it's worth now. The more recent the guitar the less true that statement.
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2ifbyC
Posted 2009-02-06 11:30 AM (#429205 - in reply to #429200)
Subject: Re: Market Value
Joined:
December 2006
Posts: 6268

Location: Florida Central Gulf Coast
The only reason I use the Acoustic or Electric Guitar Blue Books is to ID/date guitars.
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Mr. Ovation
Posted 2009-02-06 1:49 PM (#429206 - in reply to #429200)
Subject: Re: Market Value


Joined:
December 2001
Posts: 7210

Location: The Great Pacific Northwest
In general what Gallerinski stated is correct on this. It's been my whole montra on why Ovation is such a good value.

Buy a guitar for xxx.xx, play it for 20 years taking relatively good care of it. Sell it for xxx.xx or maybe a little more depending on condition.

The best source or prices on just about anything today, is "SOLD" items on eBay. Looking at asking price is pointless unless the unit sold.

Are there exceptions of course, but in general, those who buy on eBay set the market.
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