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Re: re-sale value

Author: Brenda Siewert
Date: 2003-03-08 13:13

I've bought and sold both guitars and clarinets for the last few years. I've only lost money one time on a guitar and I can't even count the times I've lost money on clarinets. If I break even on one I consider it a triumph. I usually buy what I like, or because I really think the instrument is "sweet" and try to get a good deal on it then put it up for sale. Buffets are more likely to sell for close to what I pay for them--but don't buy a clarinet thinking you're going to get rich selling them. The online market fluctuates quite a bit. I've lost as much as I've made this past year. But, I don't do it to make a living--just because I love playing and enjoy finding good stuff for people. I would never consider buying clarinets a good investment--their market value will continue to go down as they age.

However, if you buy a vintage guitar--say a limited edition Martin, chances are good it will increase in value over the years. I have one at home right now that I would never sell that has increased in value about 30% since I bought it in 1992. I have also had success with PRS (Paul Reed Smith) guitars. I've never lost anything on them and have even made money when I've resold them. It's a different marketplace.

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