Selling Guitars on Reverb vs. eBay Auctions

  • Thread starter Thread starter BDuncan
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BDuncan

BDuncan

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I've tried to sell a couple of guitars on Reverb, but it seems others on there are highballing their prices. I based my price on the current selling prices and didn't get a serious offer. I wonder if it's probably better to do an auction on Ebay and start it at 200 less than my asking price. What do you think?
 
People probably assume it's a scam if it's that much lower.
 
I've tried to sell a couple of guitars on Reverb, but it seems others on there are highballing their prices. I based my price on the current selling prices and didn't get a serious offer. I wonder if it's probably better to do an auction on Ebay and start it at 200 less than my asking price. What do you think?
Dude, there are guys manipulating prices on reverb. I’ve watched the same guy do it multiple times. He will have something like a Friedman amp that’s been modded by Dave. If the going rate is around $3500, he will list his at 7k. Other guys selling the same thing or similar take notice and raise their prices to around 5k. When this happens the price manipulator then drops his price to the new norm that he manufactured over the past couple weeks.

As for eBay, I stopped selling there many years ago. So much shady behavior and actors on there.
 
I sold a project guitar that needed repairs for much more than I thought on ebay. I have no complaints there. Reverb seems very shady. In the first couple days I've had two messages from scammers.
 
I price things to move. Period. I don't really follow trends, they're pretty unreliable.

Using prices other idiots are using really isn't a guide. It just makes you just as delusional, and me personally, if I see something I want listed at a delusional price, I avoid the seller like the plague. Especially people that list used gear at new prices. They figure, "Oh, they're going to haggle". I have better luck haggling on new gear, and many times have bought things new, cheaper than many are asking for used.
 
Reverb has been rough the last 6 months or so. In the previous 10+ years, I don't think I saw a scammer or scam listing for more than 5 minutes before it was already cleaned up - now I get scam posts ALL THE TIME asking me to email them separately etc, usually buyers with some kind of story ("my uncle had one of these and I want to get it for his birthday") type things. The story alone isn't a red flag itself, but there's other signs.

It's hard for people who are just breaking into the market, or take stuff in trade etc, to know what to price stuff at. I seriously cannot believe how many posts I see on the Kramer guitar facebook group (that's my main collection focus, so I'd argue I'm an expert there) where someone picks up a Kramer in some kind of trade or local deal and has no idea what it is, what the value of it is, etc. and they are asking for help so they can flip it. I don't understand why you would buy anything without knowing its value in advance, but at the same time I feel for them, a quick search for something like that might show you prices anywhere from $500 to $5000, depending on rarity or other bits that make it desirable.

As for posting high prices, it's hard not to especially after the covid inflation surge - I expect to get 15-25% less than my asking price and people seriously WANT to make an offer and get it that way. Let me give an example:
I post two identical guitars for sale. Guitar 1 is listed for $800, no offers. Guitar 2 is $1000, but allows offers. Which one do you think will get nearly triple the views and interest? Yeah, I have to knock back a couple of low ballers, but I'll get $800, maybe even $850 for the same guitar just because I allowed offers on it and chat with a few people.

Some people take that logic to the extreme of course, listing something for double or triple value, especially something used that is still even available new. The only excuse I can make for them is, maybe they have to "list it" to make the wife/girlfriend/partner/family happy, but they don't really want to sell it (I'll admit, I've done this once or twice too).

But yeah, if I had it my way, I'd just cut out all the BS and give the straight price I'm willing to accept for it. Problem is the average buyer straight up does NOT want that - blame the algorithm or whatever - they actually want to do all the BS haggling and offers and tire kicking etc
 
Others on Reverb are trying to sell similar guitars for hundreds more. I'm not delusional or greedy.
 
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