Members Crisco Posted March 29, 2012 Members Share Posted March 29, 2012 My Gibson SG is worth $599 in trade. The guitar cost $1199 last year.I can't even seem to unload it locally for $850.This is a sick jokeI'm not laughing. Seems my Epiphone days are slowly coming backas I don't think I'm ever going to sink high dollars on a Gibson again. the big BS slapped me right in the face. UPDATE:Done cryin the blues. Thanks for your answers they are most helpful Link to comment Share on other sites More sharing options...
Members warriorpoet Posted March 29, 2012 Members Share Posted March 29, 2012 My Gibson SG is worth $599 in trade. The guitar cost $1199 last year. I can't even seem to unload it locally for $850. This is a sick joke I'm not laughing. Seems my Epiphone days are slowly coming back as I don't think I'm ever going to sink high dollars on a Gibson again. the big BS slapped me right in the face. 'swhy you buy used or keep it Link to comment Share on other sites More sharing options...
Members Crisco Posted March 29, 2012 Author Members Share Posted March 29, 2012 'swhy you buy used or keep it yea.. Link to comment Share on other sites More sharing options...
Members smorgdonkey Posted March 29, 2012 Members Share Posted March 29, 2012 I bought one new. Then I got about 8 used. That's the way. ...but, it isn't that it doesn't have value - it just so happens that the market is extremely depressed right now so that people don't have the money regardless of the value. Link to comment Share on other sites More sharing options...
Members jtr654 Posted March 30, 2012 Members Share Posted March 30, 2012 Most used gear is only worth 1/2 of it's cost. Is it a a SG Standard and custom color will add to the price . Link to comment Share on other sites More sharing options...
Members tlbonehead Posted March 30, 2012 Members Share Posted March 30, 2012 My Gibson SG is worth $599 in trade. The guitar cost $1199 last year.I can't even seem to unload it locally for $850.This is a sick jokeI'm not laughing.Seems my Epiphone days are slowly coming backas I don't think I'm ever going to sink high dollars on a Gibson again.the big BS slapped me right in the face.well sure, when it is that close to new you are gonna take a hit. Why buy a used guitar when you can get a new one of the same model for just a hair more. You lose a couple hundred the moment you walk out of the store with it. Link to comment Share on other sites More sharing options...
Members megawzrd Posted March 30, 2012 Members Share Posted March 30, 2012 Consider it a life lesson, new vs used and value. Don't trade it in though, you are bending over if you do. Thats why I buy used whenever I can, or catch sales/haggle. Link to comment Share on other sites More sharing options...
Members jhorne Posted March 30, 2012 Members Share Posted March 30, 2012 My Gibson SG is worth $599 in trade. The guitar cost $1199 last year.I can't even seem to unload it locally for $850.This is a sick jokeI'm not laughing.Seems my Epiphone days are slowly coming backas I don't think I'm ever going to sink high dollars on a Gibson again.the big BS slapped me right in the face. Are you talking about Standard with a MAP of $1199? If so, you paid too much. You should be able to get one for around 15-20% off of MAP ($960-1020) new. Even if you only got $800 for it used, that is better resale value than you'll get for most other brands. $599 trade value is irrelevant, you'll get raped on trade in no matter what the brand... Link to comment Share on other sites More sharing options...
Members Crisco Posted March 30, 2012 Author Members Share Posted March 30, 2012 Are you talking about Standard with a MAP of $1199? If so, you paid too much. You should be able to get one for around 15-20% off of MAP ($960-1020) new.Even if you only got $800 for it used, that is better resale value than you'll get for most other brands. $599 trade value is irrelevant, you'll get raped on trade in no matter what the brand... Well, I did fail to say that I got it on President's Day Weekend 2011 with a considerable discount...but not like I'm going to advertise that.Bought it for just over $1000 after taxes, but still.. it sells for $1199 new.I do understand what people are telling me here,makes total sense.I get the 'pawn shop' trade in thing..seems to be the norm now - about 50% the value in most cases.Just didn't know that would apply to a Gibson instrument ..I thought they were immune. Link to comment Share on other sites More sharing options...
Members jhorne Posted March 30, 2012 Members Share Posted March 30, 2012 Well, I did fail to say that I got it on President's Day Weekend 2011 with a considerable discount...but not like I'm going to advertise that.Bought it for just over $1000 after taxes, but still.. it sells for $1199 new.I do understand what people are telling me here,makes total sense.I get the 'pawn shop' trade in thing..seems to be the norm now - about 50% the value in most cases. Right, but it sells for a MAP of $1199 new, which can be haggled down. So the 'real' new price is closer to $1000 unless you find a buyer that is clueless. So in the end, if you only lose 15-20% off of your original purchase price, you're not doing bad. I don't think anyone thinks Gibson retains anywhere near 100% of MAP on resale, they just retain a lot more of their original price than many other brands. I've purchased numerous other brands (PRS, G&L, Ibanez, Jackson, ESP, etc.) at much more significant discounts (usually 35-40% off of MAP), and still lost considerably more than 20% of my purchase price when I sold. I've picked up a few new Gibsons at 35-40% off and have sold every one of those for a profit... Link to comment Share on other sites More sharing options...
Members Mister Crow Posted March 30, 2012 Members Share Posted March 30, 2012 It's retaining it's value just fine. That is it's value. Used merchandise of any kind loses value, usually to a rather high degree. For some reason, this lesson seems to be lost on many musicians (see your local CraigsList for numerous examples.) Link to comment Share on other sites More sharing options...
Members kayd_mon Posted March 30, 2012 Members Share Posted March 30, 2012 I was unemployed for a while and almost sold my Gibson Les Paul Classic. Resale value wasn't huge locally, and I ended up keeping it. Good thing, too, because it's one of my favorite guitars. Link to comment Share on other sites More sharing options...
Members Steadfastly Posted March 30, 2012 Members Share Posted March 30, 2012 My Gibson SG is worth $599 in trade. The guitar cost $1199 last year.I can't even seem to unload it locally for $850.This is a sick jokeI'm not laughing.Seems my Epiphone days are slowly coming backas I don't think I'm ever going to sink high dollars on a Gibson again.the big BS slapped me right in the face. Likely because it's an SG to start with; not one of the more popular style guitars compared to Tele's, LP's and hollow bodies. Perhaps it was overpriced to begin with? Link to comment Share on other sites More sharing options...
Members elsupermanny14 Posted March 30, 2012 Members Share Posted March 30, 2012 How in the hell is it worth $599? I have NEVER seen an SG Standard go for less than $750 where I live in the SF Bay Area. Either you live in the middle of bum-f*ck nowhere, or someone is straight up trying to rip you off. I'm going to assume that is the "trade-in" value that a pawn shop offers you to rape you or because they assume your desperate. Honestly, depending on your market, if you want to sell it locally, offer it at $750. That's the minimum they go for here in the Bay Area, and keep in mind we have a highly saturated market of used high-quality instruments here. Just to give you an Idea:Am. Standard Strats sell for as low as $550 here andGibson LP Studios for as low as $600 Link to comment Share on other sites More sharing options...
Members Ratbatblues Posted March 30, 2012 Members Share Posted March 30, 2012 There also seems to be an awful lot of Gibson's for sale these days. More then i have seen in some time. Thus...lower market price. Link to comment Share on other sites More sharing options...
Members mhuxtable Posted March 30, 2012 Members Share Posted March 30, 2012 That's why you always buy USED. Let some other sucker take the hit. Link to comment Share on other sites More sharing options...
Members bsman Posted March 30, 2012 Members Share Posted March 30, 2012 I'm wondering if the used market hasn't been depressed by all the MIC fakes? I haven't seen a corresponding drop in the price of Fenders -- a late model MIA standard will still generally net you at least $750 on CL... Link to comment Share on other sites More sharing options...
Members Angry Tele Posted March 30, 2012 Members Share Posted March 30, 2012 those sell for $800-900 by me and I live maybe 6 hours from the OP. Link to comment Share on other sites More sharing options...
Members Bbreaker Posted March 30, 2012 Members Share Posted March 30, 2012 Hold onto it for 20 years and then sell it. Link to comment Share on other sites More sharing options...
Members frankthomson Posted March 30, 2012 Members Share Posted March 30, 2012 SGs NEVER hold their resale value imo, they charge waaaaay too much for them..............esp the 61ri's.........now, what, $1700 kwaizy Link to comment Share on other sites More sharing options...
Members fretmonster Posted March 30, 2012 Members Share Posted March 30, 2012 My Gibson SG is worth $599 in trade. The guitar cost $1199 last year.I can't even seem to unload it locally for $850.This is a sick jokeI'm not laughing.Seems my Epiphone days are slowly coming backas I don't think I'm ever going to sink high dollars on a Gibson again.the big BS slapped me right in the face.UPDATE:Done cryin the blues. Thanks for your answers they are most helpful Good luck with that. Judging by an X friend's Epiphone collection, I'd not want to go backwards. Link to comment Share on other sites More sharing options...
Members Crisco Posted March 30, 2012 Author Members Share Posted March 30, 2012 The SG Standard sold for as much as $1499 at one point a few years agoand I never thought I could own onebut when they got as low as $1199 I never hesitated.If Gibson bumped the price back up then the value would rise as well.Gonna hold on and see what the future brings. Link to comment Share on other sites More sharing options...
Members Bbreaker Posted March 30, 2012 Members Share Posted March 30, 2012 SGs NEVER hold their resale value imo, they charge waaaaay too much for them..............esp the 61ri's.........now, what, $1700 kwaizy Yeah, never. Link to comment Share on other sites More sharing options...
Members theManfromAlabam Posted March 30, 2012 Members Share Posted March 30, 2012 I just sold my 50's Tribute Studio LP via eBay, I took a $175 hit:facepalm: Link to comment Share on other sites More sharing options...
Members billybilly Posted March 30, 2012 Members Share Posted March 30, 2012 Throw it on ebay Australia and someone will buy it. Link to comment Share on other sites More sharing options...
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