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Please help me determine selling price for a guitar? (Gibson Les Paul Classic)

Posted on 3/16/16 at 2:30 pm
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66380 posts
Posted on 3/16/16 at 2:30 pm
Found a PRS that I've GOT to have, so I figured I'd move my baby.

Gibson Les Paul Classic

Parents bought it for me in 2005. Honey burst, stock everything. Two tuning knobs were damaged by some jackass backstage at a gig that I will replace, but other than that, everything is tip top. Almost no fretwear or dings

What should I sell this for? Some on EBay are going for 1600-1800, but I didn't think it'd be that high. What do y'all think?


Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89483 posts
Posted on 3/16/16 at 2:40 pm to
quote:

Some on EBay are going for 1600-1800, but I didn't think it'd be that high.


Yeah, seems high. Street price for a new one is going to be $2300 to $2500. I think, as you described it your starting price could be about $1500 or $1600, but I would take the first $1300 or $1400 that shows up - and that's with you making the knobs right first.

I only gave $1300 for a new American Deluxe Strat of about that vintage, FWIW.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66380 posts
Posted on 3/16/16 at 2:43 pm to
quote:

$1500 or $1600, but I would take the first $1300 or $1400 that shows up


exactly what i was thinking
Posted by MountainTiger
The foot of Mt. Belzoni
Member since Dec 2008
14661 posts
Posted on 3/16/16 at 2:45 pm to
The lower end of that range ($1600-1700) sounds about right to me. I also did a quick look on reverb and that's about what the asking price was for early 2000's Classics. Some were higher but they were not run of the mill Classics (gold arch tops, quilt maple and things like that).
Posted by link
Member since Feb 2009
19867 posts
Posted on 3/16/16 at 3:13 pm to
what's the PRS you want?
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66380 posts
Posted on 3/16/16 at 3:18 pm to
Custom 24
Posted by dnm3305
Member since Feb 2009
13552 posts
Posted on 3/16/16 at 3:22 pm to
quote:

Some on EBay are going for 1600-1800, but I didn't think it'd be that high


Id say that's a little optimistic. I'd think 1400-1500 range like Ace said. Nice guitar baw. Im a slut when it comes to guitars as Ive owned a few PRS guitars as well. Very fine instruments.
Posted by dnm3305
Member since Feb 2009
13552 posts
Posted on 3/16/16 at 3:23 pm to
quote:

Custom 24


Are you selling a kidney as well?
Posted by link
Member since Feb 2009
19867 posts
Posted on 3/16/16 at 3:28 pm to
does it have the HFS bridge humbucker? people seem to either love it or hate it.
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66380 posts
Posted on 3/16/16 at 3:37 pm to
quote:

does it have the HFS bridge humbucker?


think those are in the older ones

quote:

selling a kidney


no I should, though, to cover the difference
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66380 posts
Posted on 3/16/16 at 3:38 pm to
quote:

Ive owned a few PRS guitars as well. Very fine instruments.


good to hear

this is the one im eyeing

Posted by MountainTiger
The foot of Mt. Belzoni
Member since Dec 2008
14661 posts
Posted on 3/16/16 at 3:39 pm to
Gorgeous!
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66380 posts
Posted on 3/16/16 at 3:42 pm to
thanks dog. i mustve missed your post when i was catching up, i appreciate you taking time to dig a bit. Think ill ask for $1600 and take $1500
Posted by MountainTiger
The foot of Mt. Belzoni
Member since Dec 2008
14661 posts
Posted on 3/16/16 at 3:51 pm to
No worries. Is that considered tobacco burst on that PRS? I have a real weakness for tobacco burst guitars. It almost doesn't matter what the rest of the axe looks like, I'm like "Is that tobacco? I got to have that!"
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66380 posts
Posted on 3/16/16 at 3:53 pm to
black gold burst
Posted by FearlessFreep
Baja Alabama
Member since Nov 2009
17275 posts
Posted on 3/16/16 at 4:13 pm to
Rule of thumb when selling non-vintage or rare gear is that your high end is always going to max out at 50% street price for an identical new item.

So probably $1200-1300 tops.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89483 posts
Posted on 3/16/16 at 4:43 pm to
quote:

Rule of thumb when selling non-vintage or rare gear is that your high end is always going to max out at 50% street price for an identical new item.


And certainly no higher than 60% - I have to admit, guitars and guns hold their value about as well as anything you can move around.

Here's a kicker - going back to 1900 or so, and investing in Grand Pianos would have netted your heirs a better ROI than buying Coca Cola stock, IBM, etc, all at the ground floor - of course someone would have had to store and maintain those pianos and kept them in proper vintage condition, but that's still a wild statistic.
Posted by TheFretShack
Member since Oct 2015
1237 posts
Posted on 3/16/16 at 4:56 pm to
For a more accurate market gauge and for your planning purposes, search completed auctions on eBay versus what others are asking for their guitars in their auctions.

If you search the price guide at Reverb.com, they have a recent selling history that will show how much similar pieces went for in recent months.

Posted by CocoLoco
Member since Jan 2012
29108 posts
Posted on 3/16/16 at 5:04 pm to
You should easily be able to get $1300-$1500, if all that's wrong with it are the knobs.


Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
66380 posts
Posted on 3/16/16 at 5:46 pm to
quote:

I have to admit, guitars and guns hold their value about as well as anything you can move around.


i love that this is true, considering the two are my biggest hobbies

well guitar is probably 3rd after playing basketball, but still

quote:

Here's a kicker - going back to 1900 or so, and investing in Grand Pianos would have netted your heirs a better ROI than buying Coca Cola stock, IBM, etc, all at the ground floor - of course someone would have had to store and maintain those pianos and kept them in proper vintage condition, but that's still a wild statistic.


crazy
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