58 Gibson’s are currently listed on the Hangout classifieds. I have not seen a number so low since the very early days of the Hangout.
Is the market really that tight, or have other sites and the summer and all that’s going on really hav
e had that much of an effect on the supply of instruments?
Edited by - Alvin Conder on 07/06/2022 10:30:54
There has indeed been a feeding frenzy going on in the used instrument market for quite a few months.
Several of the vintage instrument stores have been selling stuff as fast as they can last them.
There are always exceptions. Right now, the exceptions are the highest end banjos and mandolins; or stuff in poor condition, or stuff that is ridiculously overpriced.
A few stores having been pushing listed prices to unprecedented levels. They are testing the water. Right now, the stuff that is priced 50% or more above last year's market value is not moving.
There are signs that the feeding frenzy might be moderating. But check back three months from now.
Edited by - rcc56 on 07/06/2022 10:50:08
The prices have dropped, so many People are just hanging on to them hoping the prices will rise.
I recently sold some gear, variety of stuff. In all cases, I listed it for what I paid (as I bought too much stuff during lockdown) and with the exception of one bass, everything sold within hours. The stuff I listed was all priced fairly - not the top of the market, but not the bottom.
Only thing that didn’t move was a bass that I’m not super upset that I’m going to end up hanging onto.
It appears that Reissue Gibsons are starting to be gobbled up as collectors and players finally realize there will never be anymore. Prices seem to be rising almost daily on these. Gibson banjos second golden age from the late 80's to the late 90's are really good banjos. I recently tried out a few and have to admit they are really great banjos when setup properly. The years have been kind to most of them. You don't need to pay 10's of thousands of dollars to get a nice re-issue Gibson (yet) and many are arguably as good as their prewar ancestors. Supply and demand.
Edited by - banjoez on 07/07/2022 15:41:14
'Jerry Douglas in Boothbay' 47 min
'New Red Sox' 53 min
'Lemon L3-1 Banjo' 1 hr
'Tenor Lovers 11" Heads' 2 hrs
'Paradise City' 2 hrs