More than ten years ago I had a very nice acoustic guitar made by TH Davis. No one in my area wanted to give me more than $500 and I knew it was way more valuable than that. I sent an email with pictures to Gruhn guitars having no idea who they were to inquire about their consignment sales policy. It was a fantastic experience. Mr Gruhn came down in the main shop to give me the history lesson on the guitar. They did charge a small fee for repair but I walked away with around $2300 and guitar is now in the hands of a professional blue grass picker.
I put down the pick after reading the Hubert Sumlin tell the story of trying out for Howlin Wolf and Wolf telling him to come back when he could play with his fingers. “...I started playing with a lot more soul. I never used a pick again - that was my secret to unlocking everything. My tone, my sound, everything happened right then.”
I’ve sold tons of guitars on my own and never considered consignment until the pandemic hit in March last year. I was selling some Gibson custom shop guitars and really needed the money at the time. I could not afford dealing with a picky customer, potential shipping damage, or a return. I let the shop deal with all of that, and I got my money. I paid 25% for piece of mind.
I worked at a 2nd-hand store for almost 16 years, where besides deliveries I was their guitar guy when people wanted to sell. While we didn't do consignments I ran into the same issues: -People that want waaaaay too much. -They think their guitar is something it's not, like rare or in good shape, and "Squire by Fender" is not a Fender. I'd have to politely remind them that: -No one was forcing them to sell it. If they can get more elsewhere, more power to them. but if they could they wouldn't be there talking with me. -We're not a charity. Yeah, we're going to sell it for way more than we bought if for. That $1 burger at McD's costs them $.30. Oh, the stories I could tell about the people trying to con us out of money...
On a related note. I made a COVID purchase of a Gibson 335 (2019) model for $2200. It's in MINT condition. I see them going for around $3000. Do I dump it on the market? I love the guitar, but it's one of those that I'm almost afraid to play so I don't play it as much. I don't want to mess it up. Thinking of going with a PRS CE 24 instead and keeping the cash. I know there is no right answer. Just looking to see if you had an opinion. I think that would be a great topic to discuss too! (Buy a cheaper guitar that you play more and aren't afraid to mess up or get the holy grail guitar but never take it out). Love listening to you guys. Best videos on TH-cam now.
I was at a movie theater, it was early and there were only a couple people there. This lady in front of me kept calling the concession stand the consignment stand. All I could think about was "are they selling someone elses popcorn?"
"40%-50%" ?! Consignment rates around my area are 20% while one is 15% but further away. Remember for the store: they have no cash investment tied up in the consigned guitar like they would ordering stock from the factory. Sellers: Look up 'actual sold' on ebay/reverb and price near the low end of that range so the consignments move, then the store % comes out of that number.
Consignment at 20-40% is for people who don't know anything about their items and are terrible with their money. I would hope anyone watching this is smart enough to never go that route. Then turning around and spending the money in the same guitar shop probably means you lost more money. Really good advice is that the Internet has equalized the seller market. Clean it up, tune it, take great pics and sell it yourself without letting anyone take a cut.
Great advice! Nothing against y'all but I usually do business with a small shop with a great luthier that mostly does consignment. This gave me the tools to help them get a fair price for a guitar I have that I haven't been loving on recently. So maybe we do a trade rather than strictly consignment. They have this cool tele...
Great advice guys. I have consigned a number of guitars. Key for the seller is to be realistic. I also found that the shop would come off their percentage to make the sale if they knew I would buy something else or the purchaser of my consigned guitar was going to want new strings, mods or a different setup. The consigner needs to take virtual mental partnership of the shop and help move the sale along.
Good advice. Especially, if you want to "invest" the sales proceeds into new gear being sold by the consignor. If not, I think Reverb can work. Recently, I needed to thin a collection that was taking up too much space and used Reverb. My guitars were vintage Martins and a "vintage" PRS. Reverb provided a fantastic service. The other issue is price. Most sellers overprice their guitars by a huge margin. But you guys are right... the delta between ask and sold is usually huge!
I wish I had the type of problems that would require me calling Baxter, I think we would be great friends. Can we just skip the phone therapy session and be buddies, or is that creepy? Love the show guys, been thinking of selling a Gibson and this seems way better to me than having to deal with the interwebs alone. This seriously my “every morning drinking coffee in bed show”. Please never change the time slot.
A good topic, and one I was hoping that you’d touch on, is sellers understanding gear condition and the pricing expectations based on that. I’m seeing a lot of guitars in really rough shape (not relic’d) being sold as “great” or even excellent condition and asking top dollar. I think maybe people don’t understand how to properly rate the condition of their gear; guitars, pedals, amps and all. Used strings prices are the worst.
Reverb makes it so easy to sell that I am going to try it with my next guitar sale. I have used consignment sales quite a lot in the past, but I'm getting a little spend-thrifty in my old age!
I had this experience a long time ago (1998) when I took a '66 Riviera 12 string to 30th Street Guitars in NYC to sell on consignment...The shop owner pulled out the blue book (remember that?) and told me what the guitar was "worth"...I disagreed....We haggled a bit and then he said "I can do better for you if you trade it for something already in the store"...So I did...Gave him the Epi and 1K in cash and left with a mint '82 30th Anniversary Goldtop with Tim Shaws - one of the last Kalamazoo LPs ever built - that I still own and love 23 years later... Btw, as I recall the going rate on consignments back then was 10-15%...
Love your video’s as always.You guys make me laugh and when it’s frigid cold outside that’s a good thing haha Ok... what year is that tobacco burst Gibson Les Paul on the wall behind you. Ok i’ve been staring at it the whole video.I’m yelling out push over push over I can’t see it hahaha🤣🎸
I've never been a fan of the flat percentage fee for consignment. At 30%, selling a $300 guitar will net the store $90. Whereas selling a 3k guitar will net the store $900. I wouldn't bemoan a store making more on the more expensive piece but there certainly isn't $810 more in work that goes with selling the more expensive guitar.
In your opinion, is it cool to discuss the Golden Ticket scenario ahead of time with the shop when deciding on percentages? I have a nice acoustic piece that should get roughly $4k. I don’t need to sell it right away but definitely would (just not the right fit for me kind of thing) if I could turn the funds into a new purchase. My local shop usually has great inventory so I’d be comfortable committing to a purchase with them.
After not owning any musical instrument for over a decade I guess due to a shocking amount of money worth of gear had been stolen when they drove off with it in a U-Haul. Guitars a base drums, a DX7 and another synth recording equipment and a really nice PA system well a soul sucking amount of gear. No it wasn't insured. While living in Maryland I stumbled into Appalachian Blue Grass and they introduced me to Taylor guitars for the first time. I knew I wanted to replace my 12 string if nothing else. After several visits and playing several X55's the salesman handed me a 855 when I'd asked if he had a 755 which was really stretching my budget at the time. I'd played everything below the 7 by then. I told him it was really too much money. He by then knew what I was looking for in the sound and the way it played the tone etc. He said just play it. There I was in 1999 playing this Cannon that played mids and highs and wasn't too bassy they way I find Martins for what I play and write. He explained it was a 1995, and was owned by an airline pilot who wanted to upgrade. It looked like it had been kept in a closet since new. Taken out once a week dusted off and put back in the case then back in the closet. It was about 1/2 the money of what a new 855 would have been. It's upstairs in my studio now. No I take that back it's downstairs in the living room. I was showing off the ToneWoodAmp I recently installed. Those really are a lot of fun I really love that guitar and it was a great experience. And I found and got my soul back by walking out with it that day.
Good subject. Thats how I do it. I can charge outrageous amounts for my custom bodied guitars and I never worry about if they will sell. Once a player plugs them in its all over but the fight with the wife. I figured out a long time ago that I can build my guitars and handle it like art through shop consignment. My guitars always create a stir and do draw in more business for my shop guys and we always walk away smiling. I have the record at over 10,000 views on Google's maps. Look up Jefferson County Music in Missouri. Look at the pics. I'm the Sustain King but it's just therapy for my Lex Luther brain. It ain't about money for me. I don't make no money but I do get to stick it to the man. 😃🤣😂😁⚡
Whenever I go to sell something, rare as it is, I always check eBay and Reverbs sold listings to see what they are actually bringing. Obviously I'd like to make some $ on it, but if I can break even after fees and shipping I'm usually good with that. Typically if I'm selling it means I'm eyeing another piece of gear to buy
japanese auctions have a feature that if you bid within the last five minutes the countdown resets to 5 minutes, so you can't snipe, you have to mentally destroy your opponent to win, different game entirely
My local store charges 20%, but they don't check the guitar. I have to be sure it is set up and clean, which I don't mind doing. They've treated me good. I'm a fan of local guitar stores.
Currently have a 2017 Gibson Sg Standard at a store on consignment. It's a rare white small guard version. I've had one bite on it so far but they wanted to negotiate but wouldn't entertain my counter. Dont really care. Itll sell for what I want or it wont. The shop will make their 30% but I'll still walk out of that shop with the money I want or my guitar. Either way is fine.
My wife started cuddling up to me last night, with obvious intentions. I said "Not today, honey. It's Lent." Her response: To who? And when will you get it back?
I'm gonna second the take store credit thing. There is a small shop locally here that I consigned a few guitars I wasn't playing anymore with. Everytime I went in there he had a LP custom that I would play even tho I wasn't buying it lol. After about two weeks after I left my guitars with him (I was looking at about $3200 if everything sold for what he thought it would) he calls me to come into the shop. I show up on a Saturday and.......my guitars are still on the wall. I figured it was a bad call and for some reason he was gonna tell me he couldn't sell them. When we start talking he hands me my favorite les LP custom that I'm never gonna buy and as we start talking as I'm sitting there noodling around unplugged he tells me he can go back to his office and cut me a check or I can take the LP home.....I was shocked! I think he wanted 4k for it and obviously I took him up on it so I would say take that store credit and see what you can take home. If you don't need the cash you can probably do much better with store credit.
I have a major problem with consignment stores! (please read my whole comment). There’s no way that a music store on a new instrument they make 30 to 40% but on the used market consignment you will charge your local person 30 to 40% to sell something, this is major wrong practice.
When I used to work in MI retail we made between 15-30% on guitars. On average it was probably was low 20's. You're right, it's absurd some stores enjoy higher magins on consignment pi.ces that they have nothing into. The new stuff they actually have to pay for and wait for it to sell. So I don't get it either.
Thanks for the interesting topic. I have a guitar that I toy with selling on and off. I have no idea what it’s worth and I don’t see a history for what it has sold for on Reverb. There are two listed; one seems too low and one seems WAY to high. I’d gladly accept 40% more than I bought it for but I know that’s not realistic.
@@allisonholmesmusic97 talk to bax send some photos. yeah be realestic you might not got that killer deal . you think you got. if ya don't like it cash out. look on e bay also. for prices . asking dosen't meen ya going to get it. a lot of dreamers on reverb. guitars sit & die on reverb .
You guys are just killing me, Wild Hair and The Beard....that just happened. #1 rule to get the money for your consignment, don’t be a smart @$$ by nicknaming your host.
BTW that red ES behind you guys has been distracting me for weeks. You guys really need to move that out of the frame ASAP or I'm gonna have some explaining to do at home.
Ahh Haaa Haa!! It's the old Actual Cash Value concept. This is why the insurance industry relies on tools like AutoSource that take the average of "Actual" sales to give a some what reliable value for cars that are totaled. Everyone for some reason thinks that their stuff is worth more than it is. I tend to buy stuff that I plan to keep. I'm only 24 electrics, and 12 acoustics so far... Plus, I am a finger picker. So that challenge is invalid!
30-40% consignment?!?!?!?!? I’ve never heard of such a thing. I’d say typical is 20% with a rare 15 and 25%. At 30-40 I’d never ever consider consignment.
I was in business for 40 years , lets look at some rough numbers, #1 building rent would be 5k-15k? employees- web shows 5 lets say 5k ea per month, now we got lights, heat all basic utilities say 2k, don't forget advertising that was my biggest #, that is just a small fraction of costs- so jut to be super cheap on the expense side let say 35k a month in costs.... now lets look at sales, custom shops are a small % most I would imagine are under 1k per guitar, so using 1500 average if the profit is 30% or 500$ a small shop based on these skewed #s would need to sell 70 guitars a month to break even - thats about 3 a day on a 6 day work week, and this is a VERY small shop compared to a Guitar center and in a small town. I don't know what you do for a living but in business I one heard, hey I was the cheapest guy in town before I went bankrupt...... you have to value your services ... sorry for the rant but they are worth it ...
@@tomeasley3538 I do understand your justification. I own a retail business too. But a dealer doesn't have to BUY a consigned guitar. It's like free inventory. Around my area the average is 20% and sometimes 15 for five figure guitars. If a owner wants to much the store politely declined to hang the guitar. If the price is fair the guitar will sell fast and it cost the dealer nothing but a few minutes to test and enter the thing into their system then they get money without any capital expense. I have a $15k slabboard strat hanging at my local shop. 20% fee and the retail price is fair. Dealer gets to make 3k with no outlay. Or he could buy 6-8 strats for $7k and have his money and hooks tied up until he sold them ALL to make the same money. If I was willing to give up five grand (33%) I could just drive to one of several shops and they would write me a check on the spot.
@@danwilson9530 Or put the money down. I only snipe items that I dont care about not winning. If I really really want it I put a ridiculous bid on it. Works every time. Ive never not won an auction that I absolutely had to have.
As I was listening to this I plugged in the serial number of my Fender strat and realized it was a Fender Deluxe Players model but without the cheesy gold hardware, pleasant surprise. Just sayin..🤘🏼
#nopicklentansacrifice is what you are going for if you're going to suck in us Catholics. Being a rock guy, that's a no go for me, sorry. I went with sugar in my coffee.
You guys are really good together..your show is always interesting..and the flow between you guys is natural..keep it up👍
More than ten years ago I had a very nice acoustic guitar made by TH Davis. No one in my area wanted to give me more than $500 and I knew it was way more valuable than that. I sent an email with pictures to Gruhn guitars having no idea who they were to inquire about their consignment sales policy. It was a fantastic experience. Mr Gruhn came down in the main shop to give me the history lesson on the guitar. They did charge a small fee for repair but I walked away with around $2300 and guitar is now in the hands of a professional blue grass picker.
I put down the pick after reading the Hubert Sumlin tell the story of trying out for Howlin Wolf and Wolf telling him to come back when he could play with his fingers. “...I started playing with a lot more soul. I never used a pick again - that was my secret to unlocking everything. My tone, my sound, everything happened right then.”
I’ve sold tons of guitars on my own and never considered consignment until the pandemic hit in March last year. I was selling some Gibson custom shop guitars and really needed the money at the time. I could not afford dealing with a picky customer, potential shipping damage, or a return. I let the shop deal with all of that, and I got my money. I paid 25% for piece of mind.
You guys have a great chemistry. Keep up the great work
I worked at a 2nd-hand store for almost 16 years, where besides deliveries I was their guitar guy when people wanted to sell. While we didn't do consignments I ran into the same issues:
-People that want waaaaay too much.
-They think their guitar is something it's not, like rare or in good shape, and "Squire by Fender" is not a Fender.
I'd have to politely remind them that:
-No one was forcing them to sell it. If they can get more elsewhere, more power to them. but if they could they wouldn't be there talking with me.
-We're not a charity. Yeah, we're going to sell it for way more than we bought if for. That $1 burger at McD's costs them $.30.
Oh, the stories I could tell about the people trying to con us out of money...
This channel needs way more subs. Sub and share these cats are creating great daily content.
On a related note. I made a COVID purchase of a Gibson 335 (2019) model for $2200. It's in MINT condition. I see them going for around $3000. Do I dump it on the market? I love the guitar, but it's one of those that I'm almost afraid to play so I don't play it as much. I don't want to mess it up. Thinking of going with a PRS CE 24 instead and keeping the cash. I know there is no right answer. Just looking to see if you had an opinion. I think that would be a great topic to discuss too! (Buy a cheaper guitar that you play more and aren't afraid to mess up or get the holy grail guitar but never take it out). Love listening to you guys. Best videos on TH-cam now.
The idea of asking the selling shop to give a discount if you spend your earnings from a consignment was a new one. Thanks!
I was at a movie theater, it was early and there were only a couple people there. This lady in front of me kept calling the concession stand the consignment stand. All I could think about was "are they selling someone elses popcorn?"
"40%-50%" ?! Consignment rates around my area are 20% while one is 15% but further away. Remember for the store: they have no cash investment tied up in the consigned guitar like they would ordering stock from the factory. Sellers: Look up 'actual sold' on ebay/reverb and price near the low end of that range so the consignments move, then the store % comes out of that number.
Consignment at 20-40% is for people who don't know anything about their items and are terrible with their money. I would hope anyone watching this is smart enough to never go that route. Then turning around and spending the money in the same guitar shop probably means you lost more money. Really good advice is that the Internet has equalized the seller market. Clean it up, tune it, take great pics and sell it yourself without letting anyone take a cut.
Love the channel. My shop back in Honolulu would spilt 80/20 for expensive guitars as long I bought another guitar with the proceeds.
Great advice! Nothing against y'all but I usually do business with a small shop with a great luthier that mostly does consignment. This gave me the tools to help them get a fair price for a guitar I have that I haven't been loving on recently. So maybe we do a trade rather than strictly consignment. They have this cool tele...
Dial up modem... funny stuff Baxter! 👍🎸
Great advice guys. I have consigned a number of guitars. Key for the seller is to be realistic. I also found that the shop would come off their percentage to make the sale if they knew I would buy something else or the purchaser of my consigned guitar was going to want new strings, mods or a different setup. The consigner needs to take virtual mental partnership of the shop and help move the sale along.
Good advice. Especially, if you want to "invest" the sales proceeds into new gear being sold by the consignor. If not, I think Reverb can work. Recently, I needed to thin a collection that was taking up too much space and used Reverb. My guitars were vintage Martins and a "vintage" PRS. Reverb provided a fantastic service. The other issue is price. Most sellers overprice their guitars by a huge margin. But you guys are right... the delta between ask and sold is usually huge!
0 degrees? That's like a heatwave up here in Canada! 😀
I wish I had the type of problems that would require me calling Baxter, I think we would be great friends. Can we just skip the phone therapy session and be buddies, or is that creepy? Love the show guys, been thinking of selling a Gibson and this seems way better to me than having to deal with the interwebs alone. This seriously my “every morning drinking coffee in bed show”. Please never change the time slot.
no pick challenge is on. Going to be tough for those of us in negative 20 temps as our fingers bleed daily from the cold and dryness but i'm in
A good topic, and one I was hoping that you’d touch on, is sellers understanding gear condition and the pricing expectations based on that.
I’m seeing a lot of guitars in really rough shape (not relic’d) being sold as “great” or even excellent condition and asking top dollar.
I think maybe people don’t understand how to properly rate the condition of their gear; guitars, pedals, amps and all.
Used strings prices are the worst.
I heard “no pick lint challenge” and it made me wonder how often I pull picks and lint out of my pocket. New brand name....Lint picks
I like "Friends of Lint"
First guitar course: Pint Licks
Such a cool channel
Reverb makes it so easy to sell that I am going to try it with my next guitar sale. I have used consignment sales quite a lot in the past, but I'm getting a little spend-thrifty in my old age!
I had this experience a long time ago (1998) when I took a '66 Riviera 12 string to 30th Street Guitars in NYC to sell on consignment...The shop owner pulled out the blue book (remember that?) and told me what the guitar was "worth"...I disagreed....We haggled a bit and then he said "I can do better for you if you trade it for something already in the store"...So I did...Gave him the Epi and 1K in cash and left with a mint '82 30th Anniversary Goldtop with Tim Shaws - one of the last Kalamazoo LPs ever built - that I still own and love 23 years later...
Btw, as I recall the going rate on consignments back then was 10-15%...
Love your video’s as always.You guys make me laugh and when it’s frigid cold outside that’s a good thing haha
Ok... what year is that tobacco burst Gibson Les Paul on the wall behind you. Ok i’ve been staring at it the whole video.I’m yelling out push over push over I can’t see it hahaha🤣🎸
my local shop is 15% if you take the cash and 10% if you take store credit for the consignment fee.
I've never been a fan of the flat percentage fee for consignment. At 30%, selling a $300 guitar will net the store $90. Whereas selling a 3k guitar will net the store $900. I wouldn't bemoan a store making more on the more expensive piece but there certainly isn't $810 more in work that goes with selling the more expensive guitar.
In your opinion, is it cool to discuss the Golden Ticket scenario ahead of time with the shop when deciding on percentages? I have a nice acoustic piece that should get roughly $4k. I don’t need to sell it right away but definitely would (just not the right fit for me kind of thing) if I could turn the funds into a new purchase. My local shop usually has great inventory so I’d be comfortable committing to a purchase with them.
After not owning any musical instrument for over a decade I guess due to a shocking amount of money worth of gear had been stolen when they drove off with it in a U-Haul. Guitars a base drums, a DX7 and another synth recording equipment and a really nice PA system well a soul sucking amount of gear. No it wasn't insured. While living in Maryland I stumbled into Appalachian Blue Grass and they introduced me to Taylor guitars for the first time. I knew I wanted to replace my 12 string if nothing else. After several visits and playing several X55's the salesman handed me a 855 when I'd asked if he had a 755 which was really stretching my budget at the time. I'd played everything below the 7 by then. I told him it was really too much money. He by then knew what I was looking for in the sound and the way it played the tone etc. He said just play it.
There I was in 1999 playing this Cannon that played mids and highs and wasn't too bassy they way I find Martins for what I play and write. He explained it was a 1995, and was owned by an airline pilot who wanted to upgrade. It looked like it had been kept in a closet since new. Taken out once a week dusted off and put back in the case then back in the closet. It was about 1/2 the money of what a new 855 would have been. It's upstairs in my studio now. No I take that back it's downstairs in the living room. I was showing off the ToneWoodAmp I recently installed. Those really are a lot of fun I really love that guitar and it was a great experience. And I found and got my soul back by walking out with it that day.
Great stuff!
Is it worth it to put a PRS SE on consignment? Great vid!!! Thanks!
Good subject. Thats how I do it. I can charge outrageous amounts for my custom bodied guitars and I never worry about if they will sell. Once a player plugs them in its all over but the fight with the wife. I figured out a long time ago that I can build my guitars and handle it like art through shop consignment. My guitars always create a stir and do draw in more business for my shop guys and we always walk away smiling. I have the record at over 10,000 views on Google's maps. Look up Jefferson County Music in Missouri. Look at the pics. I'm the Sustain King but it's just therapy for my Lex Luther brain. It ain't about money for me. I don't make no money but I do get to stick it to the man. 😃🤣😂😁⚡
Whenever I go to sell something, rare as it is, I always check eBay and Reverbs sold listings to see what they are actually bringing. Obviously I'd like to make some $ on it, but if I can break even after fees and shipping I'm usually good with that. Typically if I'm selling it means I'm eyeing another piece of gear to buy
japanese auctions have a feature that if you bid within the last five minutes the countdown resets to 5 minutes, so you can't snipe, you have to mentally destroy your opponent to win, different game entirely
My local store charges 20%, but they don't check the guitar. I have to be sure it is set up and clean, which I don't mind doing. They've treated me good. I'm a fan of local guitar stores.
So-a Gibson Les Paul 2005 Studio in white with gold on the metal parts in excellent condition. $1100? Consignment or Reverb?
Reverb her!
Currently have a 2017 Gibson Sg Standard at a store on consignment. It's a rare white small guard version. I've had one bite on it so far but they wanted to negotiate but wouldn't entertain my counter. Dont really care. Itll sell for what I want or it wont. The shop will make their 30% but I'll still walk out of that shop with the money I want or my guitar. Either way is fine.
My wife started cuddling up to me last night, with obvious intentions. I said "Not today, honey. It's Lent."
Her response: To who? And when will you get it back?
Bah dum tiss...
What is the single cutaway 2-pickup gold top on the wall between you? I don’t see it on your reverb page?
There's a PRS in consignment in Austin that has been there a while. I wonder how much negotiating leeway I'd have on price.
I'm gonna second the take store credit thing. There is a small shop locally here that I consigned a few guitars I wasn't playing anymore with. Everytime I went in there he had a LP custom that I would play even tho I wasn't buying it lol. After about two weeks after I left my guitars with him (I was looking at about $3200 if everything sold for what he thought it would) he calls me to come into the shop. I show up on a Saturday and.......my guitars are still on the wall. I figured it was a bad call and for some reason he was gonna tell me he couldn't sell them. When we start talking he hands me my favorite les LP custom that I'm never gonna buy and as we start talking as I'm sitting there noodling around unplugged he tells me he can go back to his office and cut me a check or I can take the LP home.....I was shocked! I think he wanted 4k for it and obviously I took him up on it so I would say take that store credit and see what you can take home. If you don't need the cash you can probably do much better with store credit.
Jared James Nichols already won the " #NoPickChallenge ". Chris Buck was close, but then he forgot and flipped his pick in there for a rip.
...what about Jeff Beck?
I have a major problem with consignment stores! (please read my whole comment). There’s no way that a music store on a new instrument they make 30 to 40% but on the used market consignment you will charge your local person 30 to 40% to sell something, this is major wrong practice.
When I used to work in MI retail we made between 15-30% on guitars. On average it was probably was low 20's. You're right, it's absurd some stores enjoy higher magins on consignment pi.ces that they have nothing into. The new stuff they actually have to pay for and wait for it to sell. So I don't get it either.
List a guitar for $10k = wife/gf said you had to "sell" it 😄
They still do that thing on ebay I've seen it a lot on marshall
one local shop sells consignment cases out from under the guitars! Dude most of my Fretbuzz jams are no pick!
I need that pink tele in the back... :-D
I'm a bassist, I never use a pick
@Joshua McDaniel I need to pay my water bill, voice reveal at 9 million subs...
Jonathan should consign that shirt.
If consignment cost is 30-40%, is that in line with markup on Gibson and Fender USA/ custom shop guitars?
50-100% for those ...
Thanks for the interesting topic. I have a guitar that I toy with selling on and off. I have no idea what it’s worth and I don’t see a history for what it has sold for on Reverb. There are two listed; one seems too low and one seems WAY to high. I’d gladly accept 40% more than I bought it for but I know that’s not realistic.
What guitar is it?
@@charlesbolton8471 Gibson ES335 Studio
@@allisonholmesmusic97 talk to bax send some photos. yeah be realestic you might not got that killer deal . you think you got. if ya don't like it cash out. look on e bay also. for prices . asking dosen't meen ya going to get it. a lot of dreamers on reverb. guitars sit & die on reverb .
year makes a big diffrence cus some years gibson was spiting out garbage.
year makes a big diffrence cus some years gibson was spiting out garbage.
unless in big bucks forget consignent . that's the facts bax. rock jhon & bax
I'm giving up broccoli for lent. 🥦
Not all heroes wear capes🙏
You guys are just killing me, Wild Hair and The Beard....that just happened. #1 rule to get the money for your consignment, don’t be a smart @$$ by nicknaming your host.
I'm not giving up the Dorian mode, you can have mixolydian
@@rikkousa If you can get me the locrian today and the mixolydian by the end of next week, we can swing a trade.
giving up giving up things for lent
BTW that red ES behind you guys has been distracting me for weeks. You guys really need to move that out of the frame ASAP or I'm gonna have some explaining to do at home.
Good flick boys!!
And I'm giving up buying guitars for Lent!
As an independent reseller working out of my apartment I have been doing consignments at 25%. Maybe I should bump that up 5-10%. 🤔
I’m in a Canadian city with a big music heritage. Guitar shops here are charging 20% for consignments. I guess that’s a good deal!
Peace
@@cherrypickerguitars thanks for the info! I’m in Texas. I’m pretty most of the shops here are charging more. Play lots of guitar this weekend!
I am giving up quitting for Lent.
Ahh Haaa Haa!! It's the old Actual Cash Value concept. This is why the insurance industry relies on tools like AutoSource that take the average of "Actual" sales to give a some what reliable value for cars that are totaled. Everyone for some reason thinks that their stuff is worth more than it is.
I tend to buy stuff that I plan to keep. I'm only 24 electrics, and 12 acoustics so far...
Plus, I am a finger picker. So that challenge is invalid!
30-40% consignment?!?!?!?!? I’ve never heard of such a thing. I’d say typical is 20% with a rare 15 and 25%. At 30-40 I’d never ever consider consignment.
I was in business for 40 years , lets look at some rough numbers, #1 building rent would be 5k-15k? employees- web shows 5 lets say 5k ea per month, now we got lights, heat all basic utilities say 2k, don't forget advertising that was my biggest #, that is just a small fraction of costs- so jut to be super cheap on the expense side let say 35k a month in costs.... now lets look at sales, custom shops are a small % most I would imagine are under 1k per guitar, so using 1500 average if the profit is 30% or 500$ a small shop based on these skewed #s would need to sell 70 guitars a month to break even - thats about 3 a day on a 6 day work week, and this is a VERY small shop compared to a Guitar center and in a small town. I don't know what you do for a living but in business I one heard, hey I was the cheapest guy in town before I went bankrupt...... you have to value your services ... sorry for the rant but they are worth it ...
@@tomeasley3538 I do understand your justification. I own a retail business too. But a dealer doesn't have to BUY a consigned guitar. It's like free inventory. Around my area the average is 20% and sometimes 15 for five figure guitars. If a owner wants to much the store politely declined to hang the guitar. If the price is fair the guitar will sell fast and it cost the dealer nothing but a few minutes to test and enter the thing into their system then they get money without any capital expense. I have a $15k slabboard strat hanging at my local shop. 20% fee and the retail price is fair. Dealer gets to make 3k with no outlay. Or he could buy 6-8 strats for $7k and have his money and hooks tied up until he sold them ALL to make the same money. If I was willing to give up five grand (33%) I could just drive to one of several shops and they would write me a check on the spot.
Cheque? What’s a cheque?
“It’s a 1968 Gibson SG, mint condish... no that’s a mistake, Hendrix played this guitar! Hello?”
My wife is gonna kill me if I call her "My hairless little Dolphin Friend". (but I might just do it!)
giving up the Dorian scale for lent..lmao!
No pick for lent. Not religious. But let’s do it!
Im an ebay sniper. I love doing it
If you really want something you pretty much need to snipe it.
@@danwilson9530 Or put the money down. I only snipe items that I dont care about not winning. If I really really want it I put a ridiculous bid on it. Works every time. Ive never not won an auction that I absolutely had to have.
ohhh custom shop
Prefer shiny new guitars - with the new guitar case aroma.
As I was listening to this I plugged in the serial number of my Fender strat and realized it was a Fender Deluxe Players model but without the cheesy gold hardware, pleasant surprise. Just sayin..🤘🏼
It's also a good idea to replace the 5 year old strings with new ones...🙄
And set it up. Hard to sell a guitar that’s hard to play.
unless ya got a big dollar gear conignement is waste of time. that's the facts jack. lol
#NoPickLent #HairlessDolphin
never sell anything!
Haha all I hear is " No Pick Lint challenge"....... Seriously what is up with all the lint that collects with picks in the tiny pocket on jeans??
Who said anything about pocket lint? They were talking about navel lint!
Oh yes, for Lent. I gave up crappy quality guitars made in China.
Some great advice, gentlemen. However, I don't trust either one of you with advice on dating, marriage, or women in general.
I give up Catholicism for Lent...
#nopicklentansacrifice is what you are going for if you're going to suck in us Catholics. Being a rock guy, that's a no go for me, sorry. I went with sugar in my coffee.