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Martin D35 for $59.99 Facebook LOL
Posted on 3/5/23 at 11:21 am
Posted on 3/5/23 at 11:21 am
Been a while since I’ve seen one of these things. “My dream guitar store has to go out of business” here’s all the stock for 60 bucks a piece.
What ACTUALLY happens when a shop IRL goes out of business? Bank seizes the guitars? The Taylors and Gibson both take their stock back at a slashed price?
What ACTUALLY happens when a shop IRL goes out of business? Bank seizes the guitars? The Taylors and Gibson both take their stock back at a slashed price?
Posted on 3/5/23 at 2:46 pm to LSU alum wannabe
You don't see those too often anymore because going out of business blowouts to the extreme you describe are scams 99 percent of the time.
No major manufacturer will buy stock back, even at a considerable discount, because they already sold it at their asking price (dealer cost) to the dealer and made their money on each piece. There is zero net in any manufacturer buying their guitars, amps, strings, accessories, whatever, back and reselling them as "like new." They simply have smarter things to do with their resources, their manpower and facilities.
If asset seizure or forfeiture is part of a music retail closure, guitars are no more or less valuable than office furnishings or equipment for example. I'd argue the latter is easier to sell due to the larger market. Lenders/courts liquidates however they see fit to satisfy debts. Usually via auction or an advertised bankruptcy or repo sale. Get ready to read a LOT of classified ads and legal notices on a HUGE scale and be ready to travel if you want to seek out guitar deals that way.
Usually music shops going out of business hold a sale or two or three saying just than. 20 percent off, 30 percent off, 40 percent off, up to 50 or 60 percent off. What survives the blowout sales is then sold in a giant lot to another retailer in one bulk liquidation sum. Pennies on the dollar because that's how it's worth to consumers - remember how many slashed price sales it survived?
No major manufacturer will buy stock back, even at a considerable discount, because they already sold it at their asking price (dealer cost) to the dealer and made their money on each piece. There is zero net in any manufacturer buying their guitars, amps, strings, accessories, whatever, back and reselling them as "like new." They simply have smarter things to do with their resources, their manpower and facilities.
If asset seizure or forfeiture is part of a music retail closure, guitars are no more or less valuable than office furnishings or equipment for example. I'd argue the latter is easier to sell due to the larger market. Lenders/courts liquidates however they see fit to satisfy debts. Usually via auction or an advertised bankruptcy or repo sale. Get ready to read a LOT of classified ads and legal notices on a HUGE scale and be ready to travel if you want to seek out guitar deals that way.
Usually music shops going out of business hold a sale or two or three saying just than. 20 percent off, 30 percent off, 40 percent off, up to 50 or 60 percent off. What survives the blowout sales is then sold in a giant lot to another retailer in one bulk liquidation sum. Pennies on the dollar because that's how it's worth to consumers - remember how many slashed price sales it survived?
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