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Originally Posted by YamahaGuy
Anyone else experiencing the same?
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Yep, same here in the Pacific Northwest, stuff sells but very slowly and only if at very reasonable prices. Tons of gear on the market.
Quote:
Originally Posted by Talk2Me
Good luck selling....it's a buyer's market now. Which will turn again....someday.
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Someday, I'd say in ten to twenty years. It's going to take a long, long time for the wave of baby boomer gear to work its way through.
Quote:
Originally Posted by Silly Moustache
It's us baby boomers!
We are now of an age when many are thinking about "liquidating our stock."
I'm not convinced that the Gen X and millennials are so interested in high quality, vintage and boutique stuff.
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I'm not sure it's that they're not interested, but rather that they can't afford it. There is a big wealth gap: at the same ages, every generation after the boomers is poorer than the last.
That is, at age 30 a gen-Z person has less wealth than a millenial did at age 30, who had less wealth at age 30 than a Gen Z had at age 30.
Here are a couple fun graphs:
https://i.imgur.com/MNZgy2d.png
https://i.imgur.com/6fsCpK7.jpeg
For millenials like me, who can afford nice guitars, there just aren't many of us and we are out of space! I already have 20 guitars and frankly when my millenial friends come over, they think I'm crazy, a show-off, or both. I've even been called a "boomer", jokingly, by a guitar-playing friend for having all these guitars. So, besides the cash thing, I think there's also a stigma thing about "conspicuous consumption."
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Originally Posted by J Patrick
I’ve sold two guitars in recent weeks, one here on AGF….a Kopp…and a Santa Cruz on Reverb….in both cases I offered them for significantly less than current market comps…..if I had priced them at current comps I probably wouldn’t have had more than a glancing look…..it’s the current reality….even when you have a very desireable instrument….
My guess is that this trend is going to continue….
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Completely agree. Comps are backward-looking. Buyers are looking forward, sellers are looking backward.