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I watch reverb and Feebay for interesting gits regularly.
What is disturbing is seeing a very fairly priced git not sell or, worse still get relisted with a price drop or OBO, and still go unsold. Clearly it's a buyer market.
Are there just more gits out there in a saturated market than buying players, is this a barometer of the economy, or are players expecting spectacular or unreasonably low priced deals?
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01-03-2017 07:08 AM
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I would assume things might go back to normal in a couple of weeks after people bounce back from the Xmas spend.
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I've wondered that myself, but this has gone on for several months well before the holiday season.
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It's a buyers market. Demand is simply too great to get high prices.
Solution is simply not to buy new guitars and enjoy the used market
But I don't see it as a new thing, it's been like that for long imho.
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How would high demand prevent high prices? Or did you mean low demand?
Originally Posted by Lobomov
It's a buyers market. Demand is simply too great to get high prices.
Solution is simply not to buy new guitars and enjoy the used market
But I don't see it as a new thing, it's been like that for long imho.
John
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Meanwhile, the manufacturer's keep pumping them out...
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I meant supply is too high .. not demand Originally Posted by John A.
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Originally Posted by AlsoRan
Which seems to be fine as GAS drives us to buy that extra telecaster in metallic shell pink that will complement our Collection
... but once that metallic shell pink tele hits the used market .. oh uh?
Last edited by Lobomov; 01-03-2017 at 08:50 AM.
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There are simply countless American strats and the like on the market. People are going to buy the cheap ones.
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Fewer kids have been interested in learning to play instrumental music for some time now. Thus there are now fewer adult buyers.
Last edited by Woody Sound; 01-03-2017 at 11:28 AM.
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The current down market is due to many factors, some already mentioned here. But another major factor is the glut of very inexpensive, high quality new guitars available today. Add that to the huge number of used guitars of all types on the market and its no wonder prices are falling on used guitars, and those for sale simply sit for long periods of time.
Take a look at Ebay 'SOLD' listings and Reverb 'Price Guide' (their sales graphs are very telling!) and you'll get a glimpse of true market trends...Disturbing if you are a seller...Fantastic if you are a potential buyer.
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It's not a barometer of the economy. It's a barometer of the health of the music industry . Guitar is rarely making an appearance in pop music today and when it does, it's in heavy metal (not to be confused with '80s heavy metal)
Young players today care nothing about music and particularly about guitar solos so it's not surprising that the guitar market is tanking.
Originally Posted by GNAPPI
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Woody, I think you're spot on. My own son was raised in the Guitar Hero generation of an illusion that they could accomplish something without actually working on a skill that takes time.
All good points are made above but the glut of gits has to go somewhere and folks like me have more instruments than ever before probably due to very low prices.
I feel like if I list something for sale I would have to start paying someone to take it off my hands :-)
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Really? That strikes me as a very odd statement. Originally Posted by agentsmith
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Originally Posted by Lobomov
It's a buyers market. Demand is simply too great to get high prices.
Solution is simply not to buy new guitars and enjoy the used market
But I don't see it as a new thing, it's been like that for long imho.
I agree, it's a flat economy too for many who would like to buy. I found and purchased many guitars, in particular the recent flood in late December of very high end vintage Alvarez Yairi guitars that normally are not for sale and when they are demand 1-2k more than I paid, I didn't make anyone a best offer, I paid their full asking price, glad to score these (to me) Holy Grails. If you can it's a great time to hunt for your dream guitar.
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I don't know the situation in the North America but in Germany and in Europe I would still say that guitar is often a key-element in music. Perhaps not by electronic-music porducers (minimal-techno, house etc) but I don't think they represent a majority. Sometimes we jazz-musicians aren't that well in touch with pop and rock music, so we may not always be aware of what is really going on. Younger people seems to be more open to more than just one genre and while they might listen to electronic music one night, they may listen to folk music the next day. Big media like the big radio station are perhaps not the best indicators for what is popular by young people, because they are just interested to keep listeners and they won't risk anything with their music choice since if the listener switches the channel they may not get them back. ( At least for this day)
Last edited by hans halmackenreuter; 01-03-2017 at 12:20 PM.
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I think the average person (in the US at least) expects a bit of turmoil in in the economy in the coming months. I'm not sure this is a good time to buy. That said, I bought two guitars recently and would have bought a third had it not sold (or gone off market, anyway) a few days before I was ready to buy it.
I'll echo Mike in saying it's a great time to buy if you are looking for something specific and have the means, and not a particularly great time to get value for the guitars you are selling.
I would be happy to help you out and take something off your hands free of charge! Originally Posted by GNAPPI
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You can't stop the inevitable. Get used to it, electric guitarists will be looked upon as oddballs in the not-too-distant future. In fact my 'post-Millennial generation' kids already look at me as if I'm this guy...
I briefly clicked through a random sampling of this video list of 100 top 2016 songs and did not hear a single electric accordion...or guitar for that matter.
Last edited by icr; 01-03-2017 at 01:28 PM.
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Considering the HUGE popularity of silly things like guitar hero, and from what I hear from git teachers complaining about dwindling student population I don't think it's odd. Originally Posted by Jim Soloway
Anyone else wanna weigh in on the issue?
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In a world with Antoine Boyer and Jacob Collier I'm pretty confident that there are at least some young musicians who take music incredibly seriously. One need only take a cursory glance at YouTube to find a plethora of really fine young players on almost any instrument. Originally Posted by GNAPPI
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There are so many cheap guitars being churned out of Asian factories that the guitar market is pretty soft.
That said, saying that the guitar is on a permanent downward trend is premature. The future of guitar sales is impossible to predict.
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I keep buying amazing guitars at what I think are great prices, only to take a beating on them when I sell them..
That's why I am done buying Guitars.
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The wife got me a copy of STRAT IN THE ATTIC:THRILLING STORIES OF GUITAR ARCHEAOLOGY. The premise of the book is that "vintage" instruments are worth their weight in gold as current production instruments are junk. The scarcity consciousness in the book goes so far as to explain that there is no good wood left.
While the book is an enjoyable read, the writer has it wrong as this thread demonstrates. Current production guitars are pretty good and if you are willing to look, excellent guitars can be found in new inventory.
As far as student guitars, this is the Golden Age. A decent playable guitar for a couple hundred bucks are as common as dirt.
Production is high, thanks in no small part to China. Demand is down as teenagers focus on EDM rather than guitars. All of these drive down pricess.
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That strikes me as an exaggeration, but I agree that interest in instruments has been declining for the last couple of generations. OTOH, I have an 11 yo kid; he and his peers all love music. They sing songs, find stuff online; their school has a good music program so all of them are learning instruments; they're starting to talk about making their own bands, etc. So don't count music out yet, but it is competing for their attention with gaming, and video-making, which is huge among tween-agers who want to do something creative. Originally Posted by agentsmith
John
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Thank goodness for google... otherwise I would have had to embarrass myself by asking all y'all here what EDM means. Haha! No... you're going to have to google it yourselves!
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