re: Just picked up a used Seagull dreadnought cutaway for 200 bucks,

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seems like they would command higher prices by now.

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Martin, Taylor and (Westerly) Guilds tend to hold their value quite well. Certain Gibson and Fender acoustics do, too, but that's highly year and model dependent.

You're right that Seagull is far more likely to depreciate like a Yamaha or even an Ovation (and I love Ovations) - and I can't explain it beyond quirky styling and just the impression of it as a value brand to begin with.