This discussion stems from FloridaGull posting the Seagull Artist Cameo on Craigslist for $1299, and Peter Pauer’s confusion that the listed price was about full normal retail.
Given all the comments throughout The Acoustic Guitars Community about used axes, I thought it would be beneficial to hear what experienced guitar buyers/sellers feel would be a fair price for used.
I know there are lots of criteria that go into deciding on a used guitar, so perhaps we could start with opinions about this one;
1- a used Seagull, Norman, or S&P in mint/like-new condition,
2- less than one year old,
3- retails for $500 (not MSRP), was purchased for $425 (5% discount at store level),
4- no case, capo, humidifier, strap, picks, cords or new strings.
Presuming the seller tells you he/she paid $425 (or has the original receipt), what would a reasonable percentage discount be for used?
If this issue has already been bandied about, I apologize for the duplication but I would appreciate directions to the relevant discussions/information.
In my local area, Seagull S-6 models a year or so old that sold new for $399 routinely are priced at $300 on Craigslist in my area.
At that price, they seem to sit a long time unsold, so apparently that's the high-end.
I recently sold my mint Seagull S-6 Original w/ embroidered gig bag (paid $440 + tax) for $275 and was happy to get it.
Just to clarify, that Seagull Artist is new - or at least new-old-stock (NOS) - at a dealer in my town...they just happened to put it up on Craigslist with nice pics...
I do have a barely-used lefty S6 for sale, however... ;-)
A 25th Anniversary (2008) Mahogany back and sides/spuce top on craigslist yesterday.....$400. In 2008 new was listed a little over $800.
Not a problem.....it was still a great prompt for my question.....and a great guitar!
This 20th Anniversary Seagull is still listed on my local Craigslist in Vero Beach:
Had been asking $800 - now $500...
There's a used S6 at the guitar Center in West Palm Beach (where the Taylor Road show is tomorrow) - http://www.guitarcenter.com/In-Store-Used-USED-SEAGULL-S6-ORIGINAL-... - they are asking $230...
I'm bringing the S6 Left down in an attempt to trade evenly for the S6...wish me luck! ;-)
my rule of thumb is used price should be about 50% of new street price if it's in decent condition. if it's in really good shape i'll usually be willing to go a little higher. the key is to stick to your budget, know what you want and what it's worth.
i guess a lot depends on how bad someone wants it and how many are floatin around out there .. supply and demand and all that sorta thing .. if you want to know what anything is really worth do a search on ebay and it will get you in the ballpark .. you can read all the guitar bluebooks you want but the real litmus test is whats it sellin on ebay for .. because if you have a a genuine les paul custom from 1968 ( the first year they started makin em again ) and its in very good condition there's no way if you start the auction out at 100 dollars that anybodies gonna let you get it for 100 bucks .. but then thats a really popular guitar .. seagulls not quite as much .. i think toms rule of thumb of 50% is probably pretty close for a seagull .. for other brands it may differ .. and always remember nothin is ever written in stone .. your mileage may vary .. but a good used guitar is always a good deal if its in good playable condition .. a couple of dings and scratches ?? so what .. you'll put a few in em too if you play it enough ..
I believe 50% of MSRP (rather than street price) is pretty widely used for buying and selling used acoustic guitars. Just determine the MSRP and halve it and make your offer. However, judging from what I've found on Craigs List (used S-6 Gulls @ $300-$325) most people think their guitars are worth at least 60% of MSRP ... so you'll probably have to negotiate.
Yes, many people seem to believe their guitar is worth more than 50%/MSRP. I guess it's the attachment factor one develops with the instrument. Although, I have seen several on Kijiji (Canada's version of Craigslist) recently that are at, or just below, 50%/MSRP. Then there's the condition issue and the 'fall-in-love-with-it' factor that Tom and Frenchy both mentioned which have to be considered......but some starting prices for used are not even in the ballpark. I guess they will remain unsold!