THE GUITAR MARKET IS FLOODED
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- เผยแพร่เมื่อ 2 ก.ค. 2024
- Baxter and Johnny talk about the Flood of new and used guitars in the market right now. How we got here and why it could be good or bad depending on that side of the road you're staring on.
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My plan is to build an Ark for the great flood and make sure we save 2 of every guitar model ever made. This will ensure that we have guitars forever.
Hate to tell you, the next judgement is going to be fire and brimstone.
@@wikolib6821 Somehow I don't think you hate to tell me 😆🤣. Thanks for the heads up. I still think it's important to try, I am using fire resistant stainless steel. That thumbnail is legendary! God Bless.
@@wikolib6821 Haha, read the whole Revelations, there are No guitars in the New Heavens and Earth and No guitars in Hell also😂 (that's why I know Jeff, Chuck and Rand are probably bored down there - jk only✌).🤭........so might as well collect and enjoy them here on Earth while there still time.😁
Flooded should mean better prices for new gear, but prices aren't coming down much if at all. The best bet is the used market - cooler mojo too.
where are you looking? I can find fenders and gibsons for significant discounts all day.
I couldn't even get a nibble on a mint brand new condition Les Paul 60's listed at $1750 a couple months ago. It just sat, so I'm keeping it. Not desperate.
@@MiguelMakesMusic in general, new MIM even Indonesian fenders are going for substantially more than ever. Even some Squiers are going for 400-500 on the high side and they are supposed to the budget range. Yes, inflation but the market has to correct at some point. Also, sure there are sales now and again but I’m talking big picture.
@@cataclysmicconverter yeah, Les Pauls have been so overpriced for so long and the market is flooded with them. I bet if you bring it down to 1500, it will sell. I just sold a 2022 Gibson SG 61 for a nice price last week. Priced competitively too.
@@Smart-Alex i'm seeing Player strats at $620 all day, Squier had a massive blowout last year and some Classic Vibe strats were around $200.
The guitar market is flooded, and so is my guitar room😂
I bought a 01 s.g. black for 100.00 It's a epiphone but after I cleaned it up it's the four knobs nice clear knobs .
I suppose that I should go shopping.
I heard yesterday that, according to AAA, gasoline prices are going down due to decreased demand. People are not spending money on anything.
Dude... A guitar shop just encouraged me to go to reverb. Love these guys!
Its good for us today but also benefits them if we take all these guitars off the market for them. Its win win..
the most expensive place to buy an instrument
Rick Beato says that kids have pretty much stopped practicing guitar and other musical instruments. Computer Games and AI is the new thing -and learning a guitar seems like work to younger folks. The overall amount of people playing guitar has been falling for over a decade. The only bump was during Covid. It is now back to normal.
I see endless kids on youtube playing
@@supernothing77 Agreed. I constantly get reels of 10 year olds nailing complete Yngwie or EVH solos note for note on Instagram.
Beato is wrong. Theres a two page waiting list for lessons at the music shop I work at.
@@supernothing77Western kids are too lazy and attention-fried to learn, but kids in other parts of the world are more receptive to the arts and getting access to modern instruments for the first time in their peoples' history
@@VictorVectorMusicThat could be a function of local supply of teachers vs demand in the area. Your really limited anecdote doesn’t mean he’s wrong
If the guitar market is flooded then flood it, I will buy every nice guitar that will show up. Currently I have 16 guitars. (Fender, Gibson, Suhr, ESP, Ibanez, etc.) Call it whatever you like, but I like and buy every cool guitar that shows up. I know I can't play it all but I will still buy it especially when GAS strikes. It's hard to stop.🤭
11:46 is the same reason I collect guitars...." You go into that knowing that you'll going to lose money,...but it's part of the FUN".... I do it regularly for FUN, and the adventure. Very well said.👏 Guitar collecting is the best hobby.🤘
I’m good, I got my Tele. Done and done.
Exactly. I got my brad paisley MIM tele. And called it a day. Great guitar. I had too. It got way out of hand.
@@crazywisdom2 I have three teles. All are customized by me. One is sorts a ZZ Top belly and arm contour with custom pickups and wiring. The other is stock except for the pick guard and the other is a Khruangbin style copy with custom wiring and some dimarzio rails pickups. I’ve had lots of guitars and the Tele is the one to have and to hold 🖤 it would be hard to chose just one Tele though lol.
It’s not just that young people don’t want to learn how to play instruments as much as they did 40 years ago or whatever… today’s music is not guitar music. Why would teenagers want to learn how to play music from their parents generation? The used market is going to be nuts in another 10 years as boomers age out of guitar playing and want to sell everything.
That is true, but I've been amazed at all the young people out there on social media doing covers of Jimmy Page/Zeppelin, Yes, Jeff Beck, David Gilmour, etc. and digging deep in to the roots of older rock and blues. Having grown up with all the classic bands, I envy them hearing it for the first time after choking on autotune since birth. And not only the boomers aging out of playing, they'll be aging out of collecting. So it will be interesting to see THAT market with all the vintage and obscure stuff that's been hidden away so long see the light of day again.
@@cataclysmicconverter yep, sadly, high end vintage guitars usually last longer than people so they are all hitting the market at some point
A lot of Gen Z is actually really into 90’s alternative right now (the music of their parent’s generation). Hopefully that will encourage them to pick up the guitar. When I was a teenager the music of my parents generation (the 70’s) really inspired me to play.
Yes it is, and Im snagging them up cheap as dirt. Im picking up 2500+ guitars for $1200-$1500.. Im glad I waited for the AVRI’s.. I am lowballing, absolutely I am. You betcha!
Heard that! I recently scored a mint NOS condition American Original 50's Strat for $1400. If they accept a lowball, it's not your fault.
@@cataclysmicconverter Score! Absolutely, they are glad to get it sold, Im glad I got a great deal, and these guys are glad we are taking these off the market so they can get back to business as usual, its really a win win.
@@simonsmith2642 Thank you! Yeah, with the all lacquer finish and beefy neck, it's a slice of heaven and rings like a bell.
G'day Baxter & G'day Jonathon,
Baxter is right about the 2021 thing - it's even happening here in Australia. In the last 25 months, I have bought 3 new Fender guitars, from 3 different shops, at 3 different price ranges, in 3 different years, and every one of them is a 2021 model! I didn't even notice that the last one, which was bought 10 days ago, was a 2021 until I bought it home. I might have to go out shopping again in the next month or two... 😁
Thanks for the great video. Keep up the good work
Andrew
I do motorcycles for a living, and play guitars for a hobby. The motorcycle business is super similar. These are discretionary income items. Same thing happened...lots of new riders during, and following the pandemic.
Prices were up, inventory was down....now it's a slow flip.
Fun stuff, I'm in. 😁 Recently I bought a Sterling Majesty 7 with about a inch and a half finish damage by the tone knob for just over half the new price.
I'm a little envious of new players at this time with so much variety of amazing and affordable guitars, amps, and effects. To those that can afford a 2-5k guitar as their first instrument, well done! Its never to late to start a love affair with a great instrument and making music.
No kidding. The imports I grew up with were Teisco and others of the same quality from Christmas catalogs that were awful. My first "real" guitar was a used late 60's Tele for $325 and it took a lot of yard mowing to save that.
@@monstrok I had a harmony with two single coils that my parents got for $80 at a pawn shop for my first electric. I stuck with it and the next year I got a Peavey predator (made is USA) for $125 from the same shop. Traded that out for a T-30 and then landed on an Electra sg copy that I played well into my twenties. It got stolen and I got a real 82 lp in one of those once in a lifetime deals. Bought it playing pool for a bar league. Paid $450 with the original case and some random stuff dude just didn't use anymore. A Roland keyboard amp with an awesome clipping circuit... It was actually made like the newer little black stars etc... where instead of having one 6 or 8 in speaker it had 4 little tweeters. But yeah with all the gear I've had over the years I'm still amazed at the rig you could put together for $1000 or less these days.
We need to correct existing guitar supply to drive up prices so that Blues Lawyers like me can pay higher prices and feel better about buying a Wood Library Custom Gold-Plated PRS Silver Sky to hang in our offices.
I'm Blues Lawyer, and I approve this message.
Have you ever thought about investing in a time share startup, but not condos that’s so 80s and 90s but a yacht time share Blues Lawyer ? No quicker way to lose excess money than boats and timeshares why not combine the two. You could light your money on fire and throw it directly in the ocean from your yacht (on specific days of the year ((Tuesdays and Wednesdays)) during non peak seasons, Holidays are prohibited availability may be limited due to maintenance and or repair of the vessel.
@@brandonjackson5865 Excellent idea! I approve of this message! You could more than make up your money by setting up and selling franchises in Boat Owner Associations (BOA) at every Marina. This is a winner!
My first guitar was not a $2,000 acoustic. It was a Hondo. My fingers still hurt (and I still have the guitar).
I really appreciate your pretty refreshing common sense observations and advice. Thanks!
Supply side economics, guitar acquisition syndrome, add inflation, higher rents and cost of living and next thing you know that extra guitar isn't as important as paying the bills, or having an emergency fund in reserve. So in New Guitars there is no longer the wait of just 2 years ago, most Vintage stuff is dropping, although Top Tier Guitars seem to be holding steady or rising. Good time to be a buyer. You guys helped me upgrade from my Goldtop Slash for a Warrior 54 Prototype that is Magical
For sellers, the only thing hot is the vintage market.
I check Reverb regularly but it’s seems like the used gear isn’t that much cheaper than buying new. Great video guys.
I tried selling a couple of my guitars a few weeks ago and the offers were so low, I decided to just keep them.
Great video!
"The light at the end of the tunnel "
"The silver lining"
As a lefty guitarist, I tend to frequent a website of a big guitar shop in the UK with a big lefty range. They say they are selling 300 lefty guitars, but in reality they have 200 in stock. Of those 200, over 100 are over two grand, and 50 of those are over three grand, with 20 of those over five grand. The real flood is in high end stuff, and there really isn’t much choice in the £1000-£1500 range that I would guess most people are looking for.
The problem is the industry wants to sell premium stuff, but the midrange market is being ignored.
Your right that I don't see amazing deals from the big sellers, in the UK, or in Europe. The second-hand market is where to look for midrange guitars. Especially I see some great deals on left-handed guitars. On Reverb etc. I got what I needed on Reverb this year, while the second-hand prices were good. Got a Fender Vintera Tele, Vintera Strat and a Gibson Les Paul Special. Like the guys said, I didn't feel these kinds of good second-hand deals on Fenders and Gibsons would last forever. Only other thing I'd like to buy is more niche: I'd like one of those cheaper Epiphone Firebirds for around £550. Which I might grab before they discontinue those cheaper vintage burst ones, so they can push those crazy priced for Epiphone, £1500+ ones. a Danelectro 12-string would be nice, but very much not essential.
Completely agree.
I just got a used magnatone super 15 for 1200... I'm enjoying this!! The price AND the amp head!!
Love ya guys!
I’m in Canada and prices still are high if looking online at store inventories here but I’m finding individual shops are quite willing to talk and give deals lately
Good to know. I'm in Canada too and inventory is hit and miss for models I'm interested in. I like to try it before I buy it. But all the major manufacturers have had various sales recently, not great deals, but some reduction. The best was PRS pre Christmas SE factory sale with 20% off so I bought the Swamp Ash SE on that sale.
I needed a backup acoustic to replace my pretty poorly built, newer PRS SE Angelus. Picked up a barely played Taylor 114 CE for $375 on Marketplace the other day. Great acoustic for $375.
The used market is a "Fire Sale" right now and I love it!!!!!
I'm always up for a new BASS LINE. ;)
I'm hoping the sales begin this Summer because I haven't seen much discounted as of yet.
The one part I can't wrap my head around is anyone who'd buy a vintage used guitar, sight unseen. At least with a new guitar. Especially if it's from a major manufacturer like Cortek. Your pretty much guaranteed, a very well engineered and economical product. That'll do everything it's supposed to do, right outta the box. Literally.
If I'm spending over $1000U.S. on ANY guitar. I'm gonna have to have some extra reassurance that I'm getting a guitar that will at least be playable. I mean, right now I can think of 5 major brands off the top of my head. That are selling guitars at around the $1k range, and even a little more. That are being shipped to buyers in completely unplayable condition. Action so high, it's stand up bass territory. Pickups, bridges and other various parts that have stripped screws or fasteners. Electronic parts that don't function properly, or at all. I've been sent guitars that the E string on one side or the other, depending on the issue. Is falling off the edge of the fretboard! This was a $1299 dollar guitar!
Right now the market is flooded with all these rejects that are brand newish, but flawed somehow. If your a savvy tech, that can sort most issues without spending more money. Then, there's absolutely deals to be had right now. BUT! I'd be very picky with what you'll accept. Used vintage guitars are not my bag. Way to risky.
Same. I buy to play not to collect so vintage stuff is dangerous in my hands especially since I’m on the road so much with singers. I actually prefer parts casters or little locally built guitars. Because they come exactly how I like with the configs I like in my electronics which can be a bit strange at times. I mean heck I play a Variax on the road a lot so that should say what I mean enough. . Plus I want to be the one to give the guitars their scars and stories not the other way around. I bought exactly one "vintage" guitar. A 1988 MIJ Fender Strat (62 reissue) in a butterscotch finish. I really fell in love with it and the story was even cooler. The owner was the original owner and brought it from Osaka to the states with him for work and to eventually perminantly stay in Seattle. Passed away. Kept it in damn near mint condition and probably put a whole 10 hours of actual playing into it. He kept it in a display case in his office as a conversation starter. And took it to a shop every year to have it kept in basicaly tip top shape. When he passed his daughter sold it to that shop. 24 hours after it came in I was there for work on my birthday and decided you know what a present for myself. At the time I was in the market for something strat style with an HSS setup, but they didn’t have it. But the guy (Knowing I wanted something with as low of action as possible and something different. Something with an interesting story) goes let me grab something. Brings this thing out and sets me up with a really nice amp from a builder in Tacoma. Tells me give it a shot…. And it was the guitar for me. I felt so bad though because this thing was beautiful. It looked like it just came off the line and I was like man I feel terrible because I’m a player. I buy to play and its going to get scuffed up and I want to at least replace the bridge pickup minimum with a mini humbucker. The coolest part? The old man had left a note with the guitar and all it said was may the next owner of this beautiful instrument play it the way it deserves and the way I just never could. Guitars are made for playing and I hope you get a lot of experience with this one. Love from Japan. So I bought it. Brought it home and showed my tech in my city and his face just went slack like how did you find this in this condition? Told him the story and he just looked betrayed when I told him it was pickup swap out time. But we did it and when he played it with the mini humbucker in it he got it. Its probably the only vintage I’ll ever buy and that is because of the really interesting story behind it. All of my guitars have a name and my wife named this one the Monogatari (The story) in Japanese. Fun fact it technically has come full circle because my wife was also born and raised in Osaka Japan before coming here to the states and meeting this big dumb goofy idiot and deciding hey I kind of like him and I kind of like it here so maybe I’ll keep him for a bit.
A lot of people, even in large suburban areas, don't have a lot of options to go look and play at local guitar stores. I have one Guitar Center in my area that hasn't had anything much worth looking at in years, a couple small chain stores that only sell cheap learner models, and maybe a little boutique shop. Sure, you can always get new guitars from brands like Cort, but you know what? They're hit or miss too. My first brand-new electric (bought just before the covid boom) was a Strat built by Cort, and even though it was highly reviewed, I could never get it to the point where I enjoyed playing it. Since then, I've bought two used, out-of-production MiM Fenders sight unseen, and they both blow that Cort out of the water, for not much more $.
As for vintage, if you're talking *real* vintage (not like '90s-'00s), that's a whole different beast. If you're shopping for a '62 or whatever, then you definitely need to know what you're looking at. But then you're definitely not cross-shopping a modern import.
@@CHChris A "lot" of people? Don't you mean alot of people? Don't have alot of options? I value my Sweetwater connections more than ANY other I can think of? With the internet and the constant stream of new information available on guitars. I think anyone with even half a brain, can make fairly educated decisions on new guitar purchases. If they do some homework.
When it comes to used guitars that are still worth at least $1k. I'm not sure too many Cortek products make the cut? Sure there's some exceptions. But generally speaking, I'm not paying over $1000 for a used guitar unless it's something limited edition, or in very high demand.
Now, a vintage used guitar. That's a whole nother ball of wax. ANY, decent vintage used guitar, should fetch a minimum of $1000U.S. these days. If it doesn't? Why would you even bother?
Listen, the guitar market, and the guineas that are involved with it. Are a fickle bunch. Everyone thinks they're an expert. Yesterday Gibson featured Paul Stanley from the band K.I.S.S. in the archives the band has. Senior Stanley happens to be building another house right now, so ALL his gear is at the archive. It was very interesting to listen to how he approaches what he personally for him, considers a vintage collection. Every example is meticulously went over, and done properly for what HE wants. And THAT right there, is the secret to the whole game brother! ANY, guitar can be "the one". If you make it the one.
Re: Reverb, I wanted the new PRS SE NF3 so I watched ten offerings. I received two 10% discount offers from people selling similar offers (identical Metallic Orange NF3's) and thus got the discount I could not have gotten from a big box store who knows they are going to sell out at MSRP. As far as recovery, tons of Americans have maxed out their credit and due to inflation are forced to cut back to only necessities. Ordinary people are tapped out, but people who have money have more money than they've ever had. Thus mid-range non-essentials have cratered and low-range non-essentials have moderately dropped but high end is still thriving. I think it's more likely we go into a severe recession than things return to normal this year.
I have given away some of my less expensive guitars to my friends kids that have been learning. Though I did pick up a perfect 1985 Ibanez Roadstar II.
Same. Some coworkers have kids getting into guitars and I've given them the stuff that after shipping and ebay or Reverb fees, not worth the trouble to compete with everyone else purging their crap and frees up space in my house. Which is the goal.
It's been 50 years and counting and I have never bought a NEW guitar, (or amp). Bargains have always been out there.
Almost 100% the same here. And with Music Go Round stores I am in instrument heaven.
yeah, over the past 30 years and 100 guitars ive bought and sold, ive had like 2 new guitars, the rest have been used. i go to pawn shops and most of the time i find them in mint condition. and they are usually so cheap i even make a profit when i decide to sell
30 years ago I found a great guitar for $100 at a pawn shop. Strat body with a Guild 3x3 neck. Got rid of it when I moved to Vegas. regret that. Now I can buy a new guitar for less than what they want for used. Maybe it's just Vegas.
@@villageidiot9867 THAT was the time, man. Even around 1997 before pawn shops got internet savvy and ebay came along. I picked up a bone stock, clean '68 SG with orig. case for $650 out the door and shortly after a minty '79 LP Deluxe for $799. Even let me put them on lay-away. End of an era.
Damn 😖!
So the trade in value of my guitars plummets while the price of that 66 Jazzmaster stays the same…….😢
It's true. I decided to get what I wanted this year, while I could get a great deal on a second-hand Gibson Les Paul Special on Reverb this Spring. And similar with a Fender Vintera Vintage Modified Telecaster and a Fender Vintera 60s Strat, both in matching surf green. It's a shame the second-hand amp market isn't such good value. I think people are looking for too much for second-hand tube amps here in Europe. It was better when I lived in the UK, especially when it was collection in person only. Bass tube amps is even worse, rarely anything good / good value. But I suppose most bass players aren't using tube amps, and more guitar players have multiple guitars than multiple amps, and plenty using modelers. Like guitars, deals on recently built, but second-hand synthesizers have been pretty good too, because lots of studios have a bunch, and many people over-bought during the pandemic, driving demand and prices crazy.
$100 to take a family of 4 to the movies would be a dream. I took my kid to AMC to see Godzilla x Kong and it was $55 for just the two of us. Granted we saw it in either IMAX or Dolby Cinema, but still. We also got a Large Pop + Popcorn to share. That’s madness. There’s a reason Tuesdays are now the most popular day of the week to see a movie (a lot of theaters offer tickets for all movies for $5 on Tuesdays… pretty awesome).
But back to to guitars… you guys should get your hands on a Heritage H-150 and give us your thoughts.
Be lucky you have a theater around you. Last movie I saw in theater was finding Dory when we brought my young kid. That was probably 9 years ago now
imagine having a family of 4 and going to olive garden !!!!!!
Then it comes to be that the soothing light at the end of your tunnel was just a freight train coming your way.
It’s comin your wayyhayyyyyaahhhhhh!
There are loads of good used beginner guitars as well, like Squier Classic Vibe and decent Epiphones. I'm literally tracking 3-6 Squier Classic Vibe Telecasters right now. They've been sitting around for quite a while. Could probably scoop one up for around $250-275 in mint-excellent condition. There are always loads of guitars for sale. Musicians are always trading up for gear.
I recently got a new JV Modified 50s Strat. Paid full price. Couldn't be happier!!
He’s going around to dealers trying to trade a newer Les Paul straight across for something vintage. So, of course he’s not getting any joy. That tells you two things: the vintage market and used market are not the same thing, and sell your used guitar yourself, don’t trade it in.
Tried to sell my reverend roundhouse to my local shop. They were full of guitars with names people actually know. So they couldn't afford to take the chance
The market is flooded with new gear and used gear. All new fenders and Gibsons I’ve tried have been heavy. I’d move some guitars for an 8lb or less 335 with a thick neck, but I can’t find one.
As I’ve gotten older, I’ve learned that every ounce counts. The lower the weight I can get (within a type of guitar I’m considering), the better. 8.2 lb Les Paul? Yes, please!
I was on the waitlist for the Gibson Greeny (the $3100 version), but I didn’t pull the trigger. Fast forward a year, and they’re all over Reverb for $2500 (just click the heart on the listing and most shops instantly drop the price). Prices are falling on the mid/upper priced guitars for sure.
I was thinking part deux, like “HotShots. “
Over the last few years I've bought pretty much all the gear I want. Picked up 4 guitars over the last 2 months including my holy grail. I'm pretty much done. I've got a little of everything now. I don't see me buying much else but every time I see a great deal I'm tempted.
The bargains are out there, to take advantage of them you need to buy 2nd hand not new for a start and also go for a brand that is good quality (there are so many inexpensive well made guitars (by CNC machines) out there, Harley Benton, JHS Vintage etc for example) but which doesnt have much brand history. In the case of High end guitars there is a huge drop off in value due to diminishing returns. Spend a bit of money upgrading a well made cheap guitar (especially on the appointments) and you will have a guitar that can compete with something far more expensive.
I want to add fakes to the mix. I've personally seen hundreds, possibly thousands come into the US in the past four years. Bridge pickup to bridge spacing and incorrectly stamped SNs are the best ways to spot fake Gibson guitars but there are Fenders, Gretsch and a dozen other brands being imported. The used market is in for a doozie.
I can't comment on the new guitar market but the used market is awash with all the would be
players disposing of the ones bought and never played.
I have just sold the ones that i bought and never played and they sold for peanuts.
Only the Fenders and Squires returned close to what i paid long before 2021
I often wonder how many buy new guitars only to never play them ?
My local store told me that for every 10 they sell only one or two become players.
No wonder that the market is flooded.
I paid only 1350 for my used LP Standard
Just paid two fiddy for a casino worn. Olive drab so ugly but it’s fun! Temu hard case $64! 😊
The thrill is gone, the thrill has gone away. I've been loathe to even look at any of my guitars for the past month for various reasons I won't get into. Maybe I'll plug in and sound the biggest electronic primal scream I can conjure. That being said, I'm thinking about buying a new guitar.
🤣
The guitologist just did a video on this. 🤔
No one wanted that brand new boxed Les Paul he was hawking around.....
It's the silver light at the end of the rainbow tunnel, cloud
They definitely overshot expectations not realizing that the pandemic drove those sales increases, and that as soon as it would be over, so would the demand. Now not only do they have more stock than needed, but they also have to compete with the used market which features all of those pandemic guitars that people are selling off. Bad time for salespeople, good time for buyers.
@@pandaman1968 Sounds like a major win.
Is this the golden era for Gibson... They feel and sound best I've ever experienced. What do you guys think?
If you don't mind aesthetics. There are 182 factory seconds/flawed in their Reverb Demo Shop as of this posting. Which speaks volumes about their QC. Or lack thereof.
I’ve been wondering for decades when the Guitar Center conceit that everyone should play guitar was going to crash and burn. Just scroll through TH-cam to see all the content aimed at people who needed help tuning the thing they just got in the mail. I’m not sure why, but it bugs me.
If the market is flooded, does that slow production? If so, how does that adversely effect employment and the workers/craftsman making guitars?
Great questions- but the answers aren’t good.
Ya if skilled workers move back to cabinet making...@@ironsave3201
Yes
Any hardtail stratocasters? New or used in stock?
Nope! Already sold them all to buy crack rocks
Come to Japan! The shops are full of great brand new guitars and the yen is cheap. The used shops are also full of great guitars (the vast majority are in excellent condition). I have a guitar so I take a look every now and then when I go to get picks and strings. But, I don’t have GAS, one and done.
@@mattjackson7859 yes I was just there. New, Made in Pennsylvania Martins were actually cheaper than you can get them in the States at current exchange rates. I’m not sure how that’s possible as shipping to Tokyo ain’t free.
@@seniorp9444 The Japanese guitar market is a little different than the American market. So the price that a Martin can be sold at in a shop here might be a little lower than in America even when taking the currency exchange rate into consideration. It may be higher for other brands, but I don’t pay much attention to it since I like to play not shop.
I'm seeing American Stratocasters on the used market going for under $1,000 - with a hard case.
Silver Panel prices are starting to come down too, scoop up those '68-'70 Fender Amps.
@@pandaman1968 I'm starting to see them drop down around 2k, people were listing them for close to $3500 which is absolutely insane. Of course it's no pre-covid price. I recently scored a '69 Princeton for $1000, like the guys are saying, if it sits long enough you make a reasonable offer. Good luck!
2:46 is the key to life
Music stores are only going to offer half of what they can get out of it themselves. It's like buying new motorcycles and cars. If you drive it off the lot and around the block then bring it back, you will not get near what you paid. It's used.
Secondary market prices are holding, IMO. Like you suggest, I’m watcher…a chronic watcher…used gear from private sellers is sitting. It’s just plain bad salesmanship; sorry folks-you gonna need to eat it unless you plan on keeping it. Have fun with you albatross!!
I bought a new squire Jaguar on sale. They're practically giving them away.
Got a Sire S3 & Gretsch 5421, all I want is a resonator 😅
All clouds have a silver light lining at the end of the tunnel.
Definitely an interesting time to buy and sell. I bought a brand new 59 reissue LP Murphy lab from a smallish shop (online purchase) and for 20% off, no tax, and free shipping. I have also seen the phenomenon that was mentioned about reverb sellers consistently sending offers that are pretty good. I did sell a couple of LP standards that I bought new I lost some money but not too much. I bought a slash LP in 2020 for 2500 and I sold it on reverb last year for 2100. I see guys trying to sell used guitars on reverb for like 300 less than new which is absurd. If I’m going to buy a used guitar that I have never played with no return policy, that discount is going to have to me like 1/3 off.
@CasinoGuitars4 no way !
@CasinoGuitars4 ohh, I see this is not really casino guitars. Let me guess. You just want my credit card number.
It's flooded because nobody will buy anything for fair to good price. Everyone wants you to give everything away. I have had the worst time on market place for the past year. I have steadily sold/ traded on facebook, crsigslist, and reverb for many years. People just message anything except buying the guitar. When and if you ever talk about selling, they want to give you 500$ for something worth 2k. Or 100$ for something worth 600$. Heck, even in trades. If they have something worth 1200$, they want a custom shop for it. People have become delusional. Nobody's ever gave me a damn thing in life. I've worked hard for everything I have. Go to work, save, and break out the wallet like I do.
Fender's goal was 500 guitars a day not too long ago. I can't image there's that many people in the world playing guitar.
Not really seeing the smoking hot deals on the premium segment (PRS private stock, Gibson Custom, etc)
Because the wealthy are still getting bank.
@@pandaman1968 Yeah, I hammered and hammered on Wild West Guitar on a $15999 MSRP PRS Private Stock and after a lot of effort and a week.. I got them down to $13000 delivered to my door... but that's no 50% off ... more like 20... which I've had on guitar's many times over the years... I also tried to get a Gibson Custom 5A 1 piece top directly from Gibson, they're asking $10199... and they won't go down a cent.. just offered me "Free overnight" shipping.
Manufacturers made too many guitars and it shows in the poor quality, especially the covid years production. That includes Fender and Gibson. I can't be the only one who noticed this.
@@pandaman1968 When a company hires a ton of people and rushes their training it definitely has an impact on quality. And that definitely happened.
I also suspect more guitars were being made before the wood was properly seasoned, but that's obviously just my limited personal experience.
@@tom.m Absolutely
Better prices will bring more folks to the stores. Support your local music shops!
I’m calling a little BS here as far as prices goes. I’ve not seen _price_ reductions on much of _any_ new guitars or amps. On the contrary, fender has jacked up amp prices to the moon.
Bass
Oh no, say it ain't so. You're telling me that all that unprecedented purchasing of guitars while everyone was locked away for a year and a half was onto temporary? I don't believe it. 🙄
The market Is flooded with people asking ridiculous prices for gear. It’s not that great of a time to be a buyer …yet.
Call me first if you ever run across a basically new Les Paul Standard that you can sell me at $1500. I've been in the market for a long time for that guitar but nobody ever seems to be willing to come off that $2000 price tag, and in my opinion (and budget), that's just not a thing I can convince the wifey is a good deal.
Here in phoenix I'm seeing tons of mint les Paul's on craigslist for 2200, 2300... and they ain't moving for months. So I think 1800 is about right if you want to move one.
So basically in order for this to happen, someone would have to pay $3000-ish for a new Les Paul Standard, baby it for however long so it still looks brand new, take it in to Casino Guitars to trade it in, Casino Guitars decides for some reason to make an insulting offer of $900-ish so they can sell it at $1500, and the guy would somehow accept that offer. And then it would somehow have to not sell for long enough for them to call you for you to try to see if they could knock a couple hundred off and then take a couple days to convince your wife. Do you see how ridiculous this is starting to sound?
Get yourself a nice Tokai for 1500 that’ll probably be built better than the Gibson standard anyway and if you must upgrade the pickups and hardware, you can find some pretty nice Tokai Love Rock (that’s what they call their LPs) for around 1500 you can even find MIJ Tokai around that 1500 dollar mark.
@@brandonjackson5865 actually now that you mention it the Eastman LP’s are damn near Gibson Custom Shop level guitars and those can be had used for around $1500-ish. They blow the typical Les Paul Standard out of the water.
@@Plexi417Stranger things have happened 🛸
If the market is flooded, why is the Reverend I want sold out?😢
I gotta sj-200 custom shop for 1400 off. Still cost 5k but still!
@@pandaman1968 uh nah man the ending cost was like 5200 once u add in shipping and tax after this discount. TLDR: gear prices still insane
Esteban is the only way to go. Never goes up in value and hardly goes down in value. That is because it is already low end. If you can make one sing you can probably play any other guitar very well.
I don’t know what you guys are getting at, I’m in the market for a 335, the prices are crazy ridiculous high on reverb , went to two GC’s nothing is on sale for 4th, it’s NOT a buyers market at all.
Fender and Rockenbacker need to ship product out a little faster.
So much BS - market will drop till it reaches the new normal. There’s no ‚time window’. Just wait till shops will bleed their own money, then the sells will begin.
I agree. But it's not the shop's fault - the manufacturer sets the price and sales can't start until their prices come down.
Then, on the other side, you've got the 5-10K relic and custom shop market out there. Those will never drop in price.
i'm on a quest for my ultimate R9
Until I can pick up a used MIM Strat or Tele for $300ish I am holding out.
Get the boat
Same as trucks but look at their prices.
I think we remember the greed of these companies and now the non guitar players are dropping out flooding the used market. There's 10 to 20 used pieces for every new guitar. This is your doing. Haha.
Two very different videos lately-I’ve only bought one brand new. Old guitars are my thing…or were my scenes.
aim low , words to live by ...
I Stranberged my flying v 😮
I have some glue you can use
Flooded market yes but on some other channels I'm seeing the prices increase 2K over the prices a year ago.
Not much of a deal especially when Harley benton, Donner and some others have increased their quality enough to make you think of buying their products.
True. And the younger generation doesn't care about tradition, collecting or where things are made as long it does the job. Asian factories have some of the highest tech tooling to make that happen for a fraction.
THE GUITAR MARKET IS FLOODED"
Doesn't stop companies like Ibanez over charging for what they deliver. I love their guitars, but for the money you can get better from other companies like Schecter. I'm in Australia, Ibanez will charge you $1500-1800 for a guitar and STILL give you a plastic nut - WTF Ibanez?
You say beginning guitar players arent into $200 guitars, they get$2000 guitars?!? Earlier in the video you day you van get a gibson for$1500. Make this make sense because it doesnt add up.
Would be great if they weren't asking new prices for used guitars😂
$3501 Bob.
Hey I need to sell a guitar. 😂