Monday, July 5, 2021

Price watch (18)

Trawled the after-market last weekend to see price trends. If you own the LP faded or any other carved top LPs with dot inlays, be informed that these are less desirable compared to the trapezium inlay version. The Gibson camp is more forgiving to dot inlays on flat top Les Pauls; the reason LP Specials & JRs maintain a good resale value in addition to the nostalgia. If there's an $800 offer for yours, please pay attention to that interest. If you can clear yours for $1K then the buyer is a willing individual. FYI, the LP Faded was $1,349 new on its final year of production. Do all Gibson guitars appreciate in value over time? It's a demand-supply situation more often than not unless we are dealing with models on special / limited run which will have a more commanding asking price.

Edit: The current / revised asking price of this guitar is $1,300 & includes a deluxe Gibson bag.

Ditto this LP Tribute but this one has a hard case factored into the price. The afore-mentioned faded will have a tough time going against this one in terms of value-for-money. The other thing about LPs - the non-gloss finish is also second fiddle to the glossed out counterparts. We note the tribute & faded are such examples.

Disclaimer: I'm not here to devalue your instruments, it's my fair assessment of market forces which are dynamic over time. You are free to disagree on all accounts. 

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