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Feb 14, 2020 - 3:18:50 PM
209 posts since 12/7/2017
Online Now

This should be made by Gretsch, but the price seems fair. Any opinion ?
ebay.com/itm/Ode-5-String-Banj...438.l2649

Feb 14, 2020 - 4:37:47 PM

tlong

USA

133 posts since 2/5/2009

Yes Gretch made Looks like new condition .I'd say that is quite reasonable

Feb 14, 2020 - 5:13:38 PM

10436 posts since 6/2/2008

quote:
Originally posted by pasdimo

Any opinion ?


Yes: At $1055 shipped this should have been snapped up as soon as it was posted!

You could buy it and flip it for a quick $500 profit.

Feb 14, 2020 - 5:38:25 PM

2044 posts since 12/31/2005
Online Now

Worth 1200-1300, so a good deal. Seller seems reputable and condition looks good. Grab it if you like Odes.

Feb 14, 2020 - 8:34:38 PM

beegee

USA

21467 posts since 7/6/2005

If I needed another banjo, I'd jump on this.

Edited by - beegee on 02/14/2020 20:34:50

Feb 15, 2020 - 5:21:21 AM
Players Union Member

wizofos

USA

5332 posts since 8/19/2012

quote:
Originally posted by beegee

If I needed another banjo, I'd jump on this.


Who doesn't need another banjo???smiley

Feb 15, 2020 - 7:42:33 AM

12523 posts since 10/30/2008

That's not the Buy It Now price, just the opening bid.

There are FINE banjos.

Feb 15, 2020 - 11:10:38 AM

10436 posts since 6/2/2008

quote:
Originally posted by The Old Timer

That's not the Buy It Now price, just the opening bid.


Pretty sure it WAS a Buy it Now.  Not opening bid.  The bid as of this moment is $700.  There's no reserve, which means there's a chance this could go for even less than the original Buy it Now, which has disappeared since bidding has begun.

Edited by - Old Hickory on 02/15/2020 11:10:55

Feb 15, 2020 - 11:16:01 AM

12523 posts since 10/30/2008

How/why would an eBay seller do that? Did he post the BIN price by accidentally hitting the wrong button? When I went to look at the ad, it was opening bid, not BIN.

Feb 15, 2020 - 8:39:55 PM
likes this

HarleyQ

USA

3077 posts since 1/31/2005

He was hoping someone would jump on the "buy it now". It goes away after the first bid.

Feb 16, 2020 - 6:18:18 AM

beegee

USA

21467 posts since 7/6/2005

quote:
Originally posted by wizofos
quote:
Originally posted by beegee

If I needed another banjo, I'd jump on this.


Who doesn't need another banjo???smiley


My wife is fond of saying,"Why do you need another banjo." So......

Feb 16, 2020 - 7:30:13 AM
Players Union Member

wizofos

USA

5332 posts since 8/19/2012

quote:
Originally posted by beegee
quote:
Originally posted by wizofos
quote:
Originally posted by beegee

If I needed another banjo, I'd jump on this.


Who doesn't need another banjo???smiley


My wife is fond of saying,"Why do you need another banjo." So......


My response would be something like 'Why do you need another pair of shoes?'  Athough that would only be in my mind, one way to stay married 48 years is to sometimes keep your mouth shut.

Feb 16, 2020 - 11:41:38 AM

10436 posts since 6/2/2008

quote:
Originally posted by The Old Timer

How/why would an eBay seller do that? Did he post the BIN price by accidentally hitting the wrong button? When I went to look at the ad, it was opening bid, not BIN.


Sellers can offer Buy it Now as an option on an otherwise standard auction.  Rather than expecting the market to drive the price of their item up to a level they can't predict, they announce a price they're willing to sell the item for right away -- Buy it Now.  

As two of us have said, Buy it Now goes away as soon as someone enters a bid that sets the auction in motion.

I think the seller did not understand the value of what he's selling. $1200 Buy it Now was more than reasonable on one of these.  I suppose the person who has bid $700 (and may well have a secret high bid below $1200) is hoping to get an even better deal.  But now that the listing is running as auction, there's a chance the bidding will go up beyond the $1200 at which the seller originally offered a Buy it Now.

Feb 16, 2020 - 11:48:42 AM

16 posts since 1/26/2020
Online Now

When i looked at it on Friday the BIN price was $1000. He must have raised it to $1200.

Feb 16, 2020 - 12:59:16 PM

2408 posts since 4/16/2003

"Buy it now" disappears once an initial bid has been placed.

1 bid on it, currently $700.

Looks to be in extremely fine condition, almost near-mint.

Feb 16, 2020 - 2:10:59 PM

10436 posts since 6/2/2008

quote:
Originally posted by jgbrady13

When i looked at it on Friday the BIN price was $1000. He must have raised it to $1200.


OK.  Maybe he was revising the listing, which I think you can do until there's a bid. Maybe he raised the Buy it Now then  deleted it because he decided to take his chances with an open auction -- that I think will push the final sale beyond $1200, eve ifn only a little.   

Feb 16, 2020 - 7:16:38 PM

dmiller

USA

23740 posts since 7/22/2007

Concerning  Gretsch building Ode banjos - -  Baldwin bought the company one year after they bought Ode in 1966. 

"In 1967, Fred Gretsch, Jr. sold the Gretsch Company to Cincinnati OH based D. H. Baldwin and became a Baldwin Director.
(Fred Gretsch, Jr. died in 1980.)" . 


From the OME website  (BNL is Banjo Newsletter and CO is Chuck Ogsbury) - - - 

CO: After selling ODE, I ended up traveling for a while, wandering around the country, drifting. I’d
found a home for the ODE company, which was Baldwin. They were good folks to deal with, had a lot
of connections in Nashville. they tried their best to get me to work for them, which I did for six months,
to help with the transition so they knew how to do what we’d been doing. But I had been tied down for
too long, and I felt a need to change.

Baldwin kept the company in Boulder for two years. Then they moved it to DeQueen, Arkansas, in
1968. I tried to find out how many banjos Baldwin produced, but no luck. They made the Ode
between about 1966 and 1968 in Boulder, and then in Arkansas from 1968 till they quit, which was
somewhere possibly in the early 1980’s.

BNL: Didn’t they eventually sell the ODE to the Gretsch Company?

CO: Baldwin owned Gretsch then! Baldwin had been making only pianos and organs. Then they got
into this corporate mode of expansion. They bought Burns Guitar of the UK, Sho-Bud Pedal Steel, an
electronic harpsichord company, Gretsch and others. Their idea was to create a full-line music
business the quick way, by purchasing all these companies and then introducing them into their piano
and organ chain divisions. They were apparently quite successful. Baldwin was also heavily into
electronics. They got into military contracts, making guidance systems for Sidewinder missiles.
Finally, they got into banking, because in the piano and organ business, you sold things on time
payment plans. It became financing. First, financing pianos and organs, all the way into buying banks.


The folks making the mid to late 1970's (up until the 1980) Baldwin Ode banjos worked for Gretsch  (also owned by Baldwin),

 

Feb 17, 2020 - 10:19:02 AM

dmiller

USA

23740 posts since 7/22/2007

Some lucky person got one hell-uv-a deal.  The Ode sold for $740 bucks.

https://www.ebay.com/itm/293473038478?ul_noapp=true

Edited by - dmiller on 02/17/2020 10:20:56

Feb 17, 2020 - 10:44:42 AM
like this

chuckv97

Canada

46498 posts since 10/5/2013
Online Now

That’s a steal. I bought my 1978 Style C 5 years ago for $1500 and I thought I got a bargoon

Feb 17, 2020 - 10:50:10 AM

10436 posts since 6/2/2008

Seller took a chance and buyer won. $795 shipped. Best deal of the year!

Feb 18, 2020 - 3:05:42 PM

2408 posts since 4/16/2003

Ken wrote:
"$795 shipped. Best deal of the year!"

That's roughly around what they sold for new, back when they were made.
Of course, dollars are "cheaper" now than back then!

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