when you start to acquire a guitar collection, the guitars start to become part of your own fabric. every time I start to get drawn to a new guitar I always say, if I want to get a new one, I have to sell al old one, and then I never do. so my guitar collection just keeps growing. The few times I have let a guitar go, I have always opted for the easy way (consignment or trade-in). Probably leaving money on the table but my attention is usually so focused on the excitement of the new guitar, that I don't fret about getting a little less for the guitar I let go.
Important information to know when you are guitar shopping. When I started practicing law, I learned a phrase that stuck with me: the other guy has to eat. Not just the litigant - the lawyer too. So if I am buying, I need to make sure that the other guy gets to eat. How much is the shop in for for that guitar? If they bought for $500, that doesn't mean that they are only in for $500. They have rent, payroll, insurance, and electricity. Not to mention the fact that the shop probably wants to turn a profit. If it's a consignment piece, there is going to be a hard floor that they just can't go below. Because the owner is only getting about 75% of that price. If you keep in mind that the shop "has to eat," you can adjust your expectations accordingly.
I think it’s funny that Baxter has no frame of reference for what a Buccee’s is. Being from Texas I’ve seen way too many people traveling through that are like “what the hell is this place??” “Why is this place so big and have 120 gas pumps??”
I experienced one for the first time a few months ago. It’s not impressive because of what is available to buy at a gas station but because of how big it is! When gas isn’t a thing anymore future historians will be perplexed like we are about the pyramids
I am so old. As a kid, Shakey’s Pizza had a rinky tink pianist and banjo player. I still have a solid wood Silvertone acoustic with a painted on pick guard. It came via sleigh from the North Pole in ‘67! Still plays well, sounds decent, and holds tune fair.
Shakeys Pizza...I'm in Australia, we don't have Shakeys but I lived in Japan for 10+ years in the late 80s thru the 90s. Shakeys was our go to for Pizza joint....making me hungry just thinking about it:)
This reminds me of the wise words of Han Lue from Tokyo Drift. “10% of something is better than 100% of nothing.” But seriously, consignment has worked out great for me. Not dealing with the sale is amazing and everything I have consigned…consigned?…co-signed?…has sold within a couple days.
Our Buc-cees opens in Crossville TN this Monday, the 27th. I am ginna be there for the opening. There is nothing like a Buc-cees! Truly unique, and they take care of their employees as well
I was at Music Go Round in Minneapolis when it started. Their policy was you can have 100% of the sale IF, IF... you spent the money on gear in the store. That was a huge success and they out drew everybody in town (4 million pop). Including St. Paul & suburbs. And they grew. Then changed to 35%.
I've tried consigning a guitar in my local shop, but it was Steel National Resonator and it wasn't budging off the hook. Further the shop did not want to consider a trade for the very same reason that there was not much of a resonator fan base in this smallish mid-western town... Instead, I sent photos and description to Dave's Guitars, a national/global dealer 3 hours away from me... they cut a deal on either a trade or straight cash... I drove over and bought a new guitar on the trade and was delighted... I don't have the patience for consignment (unless it's a pedal) and generally go for the trade. I've never looked back...
If you’re looking for boxes to ship, make a guitar, check your local bike shops. They will usually have a lot of large cardboard boxes and tons of packing materials are trying to get rid of.
30%-40% seems about right considering that's what most dealers make off MAP on new equipment (give or take). A shop has no motivation (and with good reason) to make less money off an individual's guitar when they could sell a potential customer something that brings cash flow back into their business to get more inventory.
i tried consignment.my guitar was sold. i wasn't notified. when i went in the shop and saw my guitar gone. i got stories. it was sold for less than we agreed upon. left a bad taste in my mouth.
Yep, you only get bit by consignment once. Then you sell it yourself. BTW, the shop sold my guitar 🎸 and kept the money. Not everyone is as nice as casino, but 40% is a bit much.
Hey fellas, how ‘bout some fun topics? I know this may sound like a troll comment, I don’t mean it to be. I get enough doom and gloom literally everywhere else. I encourage y’all to have some fun. How bout next week do fun week? Ideas: my next dream guitar, favorite Yuri Shishkov monstrosity, coolest special Custom Shop build of all time (make it a top 5). Talk about the names of all the bands you’ve been in and funny stories about the bands. Love the channel! I watch every day.
I tend to hang on to stuff, but I’m in agreement with Jon re avoiding hassle! Leave it to the pros. I’d sell privately if it was to someone I knew who’s been after one of my guitars- maybe. Seems everything needs to be bigger in Tx- good concept- $40 regular and that Tele please! Btw, don’t think Tyler is too dim- he’s involved with one of those Larkin Poe girls, also pretty and talented. Great video guys
I sell alot of pieces on ebay and reverb....Conan O'Brien bought a Daphne Blue ST-62 Fuji Gen Strat from me...I have had minimal problems and if you know how to package properly using right materials it's a good way to go.
There shop also gets exposure of having really cool gear.. i.e. inventory so more people might buy from them. They are also getting something from the consignment deal too.. if done right everybody wins. I love consignment. !!!
Dude. We used to have a Showbiz Pizza in Jax FL and one of my friends' dad used to work for the company that fixed the Mechanical Animals. Showbiz was way cooler than Chucky Cheese which was way cooler then than it is now.
A lot of folks say you get more money from reverb or just selling on your own. I'd rather have a shop do it for me especially if they take care of any packing for shipping and all that. I don't like the hassle of having to pack stuff up and ship it myself.
A view from the UK. Shops are there to make money, it pays the wages of the people who work there and it’s the reason they exist. . If you don’t like the rates then don’t use them. We all have the choice. My local store is at 30 %, seems fair to me.
i think the most important fee is that if the guitar is payed with card, the store has to pay the bank fees plus irs on the whole price of the guitar, while just taking profit on 30%
20% has been the average Lower end Rate for years, and reason to Sell, is Exposure to More Buyers, Ability to accept Credit Cards, No Customer Returns for you to worry about once paid, Someone that Markets to Audience you are looking for and that can Add Value in your instrument to Customer considering purchasing it and Lastly No Hassles, Rip Offs and a Faster Return instead of spending months on Craigslist, most times a Storefront can move that guitar a lot Faster. Plus a Storefront might tell you its under priced at your asking price
I consign my amps and guitars at 30%. The shop handles the shipping, insurance and any Buyer drama. It's a reasonable trade off and peace of mind for me.
The shop will only give you about 60% of expected sale value if they buy it from you, so you'll probably do a little better with consignment. But if they buy it from you, you can probably negotiate a discount on something new (essentially making it a trade in). Given how new prices are going up, the used market should stay strong, so I'd give selling it local via CL/FB/etc a shot first if you can handle the BS emails and whatnot. Local avoids shipping as well as buyers bitching that the condition doesn't match the description. I can't be bothered with online sales (reverb, ebay, etc.).
What if guitars became like old sofas, bicycles and laptops, meaning you will never sell it for 30% of what you paid, would you buy more guitars because it’s so cheap or less because of low resale?
For 30% of $2500, I dont mind taking a half dozen pics and throw the thing up on FB Marketplace. Ya just have to be sure you avoid the serial killers lurking on FBM....! I have both bought and sold off of Marketplace and it works pretty well as long as you keep it to stuff close-by....
It’s a weird dynamic because people who sell privately tend to grossly overvalue their stuff 90% of the time. But at the same time about 60% of guitar shops will pay pennies on the dollar for stuff you bring them. I just realized I sound like a huge hypocrite to myself because if I by something from a private seller or an estate sale, I won’t buy unless I get it for at least 40% less than what they cost new. Lol. Showbiz Pizza was a staple of my childhood, especially cause our local one had Teenage Mutant Ninja Turtles AND Simpsons the arcade games. I used to spend all my tickets as a kid on those cheap plastic spider rings and introduce myself as “The Spider King” to all the other kids
Ahhh, consignment! I did that once back in 1991 with my ‘69 Les Paul Deluxe gold top, because “I was done playing guitar”, lol. Anyway, it was naturally relic’ed, a little beat up , someone before me put a bridge full size humbucker with a split coil mini toggle, and it had a headstock repair, but still?…. Walked away with 400 bucks……ow…
I regret selling my 2017 Gibson SG standard in alpine white with a tear drop guard. After the consignment I got $1000 and the shop made $300. I told the shop if I don't get $1000 i won't consign it. Well I got it. I was just trying to free up funds for the 1961 les paul jr I had just gotten a loan for to just pay off as quickly as possible. This was of course before the guitar price hikes and shit so ypu know. I could probably get 2 grand for it now days. I keep all my guitar boxes and have shipped them before so thats easy. It's the guitar I let get away. Ps. I would never do a consignment again.
50%?? You might as well just sell it wholesale to the shop. That's a standard "sell to" price for the chains, MGR, GC etc. GC will give you 60% of the value on the trade
Guys I have the original Taylor box and the big box that the Taylor box goes inside. Plus the guitar is in the nice hard case from Taylor. Should be protected right? Like it’s all ready to go so the shilling should be ok right? I have a 324ce brand new almost maybe a slight mRk in the luck guard but no scratches on the guitar anywhere or imperfections. It’s six months old and all. I am to nervous to do it in person now because there’s just sooooo many scammers on FB and Craig’s list. Is reverb my best bet? Even sweetwater has their own but sell shop. Thanks!! Ryan :)
In Canada we had Pizza Chief. 1 location. They played silent movies and had a creepy player piano underneath the screen. Maybe I dreamed it but there might have been a live piano player sometimes. And your pizza was kept warm by a single tea light candle. Lineups out the door every night.
Now that’s funny- 50% and no fees for you…..and what happens if it gets damaged? Ugh, well, we’ll call you to come pick it up because we can’t sell it in that condition….LOL….and if we get scammed and your guitar is not insured by you to make up the difference of our mistake and settlement to you….then you’ll take what we originally offered you. 1/2 of what the guitar is worth… LOL….
If I am paying you a 50% cosign I expect you to not get scammed and if you do I still expect my agreed upon price. I would not negotiate. Otherwise what is the 50% for? Isn't that supposed to cover your cost of doing this business and covering these type of instances.
I guess its workin for you guys , but im just an old boomer and cant deal with such rehash as you put out. Jonathon is cool but under bad influence of that a d d person with the funny hair. I can see that ive stumbled onto foreign territory ; have fun guys, enjoy your g i joes and hot wheels. Goofballs.
![АЛАУДИНОВ у Скабеевой: эти их ВСУ нас НЕ ДОГОНЯТ 😁 [Пародия]](http://i.ytimg.com/vi/an0anqU4WGQ/mqdefault.jpg)
when you start to acquire a guitar collection, the guitars start to become part of your own fabric. every time I start to get drawn to a new guitar I always say, if I want to get a new one, I have to sell al old one, and then I never do. so my guitar collection just keeps growing. The few times I have let a guitar go, I have always opted for the easy way (consignment or trade-in). Probably leaving money on the table but my attention is usually so focused on the excitement of the new guitar, that I don't fret about getting a little less for the guitar I let go.
Huge problem for me. I always wanna sell but when it comes down to it I just love all this stuff and never end up selling
Same here brother
I have given away a number of guitars but I have only sold one and then I turned around and bought it back. It’s a problem!🥹🎸❤️
Every time I sell a guitar I never look back in anger ;)
Yep-you will take a hit usually.
Important information to know when you are guitar shopping.
When I started practicing law, I learned a phrase that stuck with me: the other guy has to eat. Not just the litigant - the lawyer too.
So if I am buying, I need to make sure that the other guy gets to eat. How much is the shop in for for that guitar? If they bought for $500, that doesn't mean that they are only in for $500. They have rent, payroll, insurance, and electricity. Not to mention the fact that the shop probably wants to turn a profit.
If it's a consignment piece, there is going to be a hard floor that they just can't go below. Because the owner is only getting about 75% of that price.
If you keep in mind that the shop "has to eat," you can adjust your expectations accordingly.
I think it’s funny that Baxter has no frame of reference for what a Buccee’s is. Being from Texas I’ve seen way too many people traveling through that are like “what the hell is this place??” “Why is this place so big and have 120 gas pumps??”
I experienced one for the first time a few months ago. It’s not impressive because of what is available to buy at a gas station but because of how big it is! When gas isn’t a thing anymore future historians will be perplexed like we are about the pyramids
They have the best bathrooms as well…. If there were guitars to go with the beef jerky…I’d never leave 😂
I am so old. As a kid, Shakey’s Pizza had a rinky tink pianist and banjo player. I still have a solid wood Silvertone acoustic with a painted on pick guard. It came via sleigh from the North Pole in ‘67! Still plays well, sounds decent, and holds tune fair.
Shakeys Pizza...I'm in Australia, we don't have Shakeys but I lived in Japan for 10+ years in the late 80s thru the 90s. Shakeys was our go to for Pizza joint....making me hungry just thinking about it:)
My local shop charges 15% and if you take store credit they charge 10%. They also let you chose if you want cash or credit once they sell the unit.
This reminds me of the wise words of Han Lue from Tokyo Drift.
“10% of something is better than 100% of nothing.”
But seriously, consignment has worked out great for me. Not dealing with the sale is amazing and everything I have consigned…consigned?…co-signed?…has sold within a couple days.
Our Buc-cees opens in Crossville TN this Monday, the 27th. I am ginna be there for the opening. There is nothing like a Buc-cees! Truly unique, and they take care of their employees as well
I was at Music Go Round in Minneapolis when it started. Their policy was you can have 100% of the sale IF, IF... you spent the money on gear in the store. That was a huge success and they out drew everybody in town (4 million pop). Including St. Paul & suburbs. And they grew. Then changed to 35%.
Thanks for your take on this. It was informative.
The thing I especially love about your videos is your focus on the topic at hand! Never ANY digression whatsoever......
They do digress but that’s what I love about these guys. They’re really good people.
I've tried consigning a guitar in my local shop, but it was Steel National Resonator and it wasn't budging off the hook. Further the shop did not want to consider a trade for the very same reason that there was not much of a resonator fan base in this smallish mid-western town... Instead, I sent photos and description to Dave's Guitars, a national/global dealer 3 hours away from me... they cut a deal on either a trade or straight cash... I drove over and bought a new guitar on the trade and was delighted... I don't have the patience for consignment (unless it's a pedal) and generally go for the trade. I've never looked back...
6:14 The highlight of these videos is always the Johnathan closeups.
If you’re looking for boxes to ship, make a guitar, check your local bike shops. They will usually have a lot of large cardboard boxes and tons of packing materials are trying to get rid of.
30%-40% seems about right considering that's what most dealers make off MAP on new equipment (give or take). A shop has no motivation (and with good reason) to make less money off an individual's guitar when they could sell a potential customer something that brings cash flow back into their business to get more inventory.
i tried consignment.my guitar was sold. i wasn't notified. when i went in the shop and saw my guitar gone. i got stories. it was sold for less than we agreed upon. left a bad taste in my mouth.
but buccee's cured that because they have cinnamon bears.
Yep, you only get bit by consignment once. Then you sell it yourself. BTW, the shop sold my guitar 🎸 and kept the money. Not everyone is as nice as casino, but 40% is a bit much.
When i seen AC/DC Tyler Bryant and the Shakedown opened up for them. Tyler and his band kicks all the ass
Hey fellas, how ‘bout some fun topics? I know this may sound like a troll comment, I don’t mean it to be. I get enough doom and gloom literally everywhere else. I encourage y’all to have some fun. How bout next week do fun week? Ideas: my next dream guitar, favorite Yuri Shishkov monstrosity, coolest special Custom Shop build of all time (make it a top 5). Talk about the names of all the bands you’ve been in and funny stories about the bands. Love the channel! I watch every day.
Thats so much. I could just drop it to 20% below market value and still be ahead.
If I chose consignment though, I'd go with Casino.
Best.
Tangents.
Ever.
Love you guys. 😎💕🎸🍻
Greetings from NZ
showbiz!! I kinda remember that! 👍👍
I tend to hang on to stuff, but I’m in agreement with Jon re avoiding hassle! Leave it to the pros. I’d sell privately if it was to someone I knew who’s been after one of my guitars- maybe. Seems everything needs to be bigger in Tx- good concept- $40 regular and that Tele please! Btw, don’t think Tyler is too dim- he’s involved with one of those Larkin Poe girls, also pretty and talented. Great video guys
Another great video. Love the content.
Love you guys!
I love your videos! one day I'd love to visit Casino Guitars, but I live in Europe... All the best guys
I sell alot of pieces on ebay and reverb....Conan O'Brien bought a Daphne Blue ST-62 Fuji Gen Strat from me...I have had minimal problems and if you know how to package properly using right materials it's a good way to go.
Bucees is awesome. In addition to all the food and stuff, they also have the cleanest bathrooms in America
There shop also gets exposure of having really cool gear.. i.e. inventory so more people might buy from them. They are also getting something from the consignment deal too.. if done right everybody wins. I love consignment. !!!
What is this "selling a guitar" you speak of?
I buy and sell guitars all the time, but when it came time to move my Fender Custom Shop that had an eye watering price…Ive consigned with Wildwood.
I stopped at a Buc-ee's in Kentucky on my way home from your store. 😁
⚓️ Thanks Casino 😎
Dude. We used to have a Showbiz Pizza in Jax FL and one of my friends' dad used to work for the company that fixed the Mechanical Animals. Showbiz was way cooler than Chucky Cheese which was way cooler then than it is now.
Buckees is awesome!
A lot of folks say you get more money from reverb or just selling on your own. I'd rather have a shop do it for me especially if they take care of any packing for shipping and all that. I don't like the hassle of having to pack stuff up and ship it myself.
A view from the UK. Shops are there to make money, it pays the wages of the people who work there and it’s the reason they exist. . If you don’t like the rates then don’t use them. We all have the choice. My local store is at 30 %, seems fair to me.
Hehe. About my question, forget it was half way when I asked
i think the most important fee is that if the guitar is payed with card, the store has to pay the bank fees plus irs on the whole price of the guitar, while just taking profit on 30%
The Buccee’s in Dallas is as big as a shopping mall!
Yeah, yeah, yeah, I'm going to draw heat for this, but Phil X is a total Bad-ass.
20% has been the average Lower end Rate for years, and reason to Sell, is Exposure to More Buyers, Ability to accept Credit Cards, No Customer Returns for you to worry about once paid, Someone that Markets to Audience you are looking for and that can Add Value in your instrument to Customer considering purchasing it and Lastly No Hassles, Rip Offs and a Faster Return instead of spending months on Craigslist, most times a Storefront can move that guitar a lot Faster. Plus a Storefront might tell you its under priced at your asking price
What?! I’m supposed to be selling my guitars? Is that even a thing?
I consign my amps and guitars at 30%. The shop handles the shipping, insurance and any Buyer drama. It's a reasonable trade off and peace of mind for me.
You are becoming Robert Smith. Lipstick up and your there ! This is a good thing.
The shop will only give you about 60% of expected sale value if they buy it from you, so you'll probably do a little better with consignment. But if they buy it from you, you can probably negotiate a discount on something new (essentially making it a trade in). Given how new prices are going up, the used market should stay strong, so I'd give selling it local via CL/FB/etc a shot first if you can handle the BS emails and whatnot. Local avoids shipping as well as buyers bitching that the condition doesn't match the description. I can't be bothered with online sales (reverb, ebay, etc.).
Speaking of Skynet be cool to have y’all rundown a top 10/20 movies, doesn’t matter the category.
What if guitars became like old sofas, bicycles and laptops, meaning you will never sell it for 30% of what you paid, would you buy more guitars because it’s so cheap or less because of low resale?
For 30% of $2500, I dont mind taking a half dozen pics and throw the thing up on FB Marketplace. Ya just have to be sure you avoid the serial killers lurking on FBM....! I have both bought and sold off of Marketplace and it works pretty well as long as you keep it to stuff close-by....
Just strap up when you go to do the deal...if you live in a RED state, that is.
It’s a weird dynamic because people who sell privately tend to grossly overvalue their stuff 90% of the time. But at the same time about 60% of guitar shops will pay pennies on the dollar for stuff you bring them. I just realized I sound like a huge hypocrite to myself because if I by something from a private seller or an estate sale, I won’t buy unless I get it for at least 40% less than what they cost new. Lol. Showbiz Pizza was a staple of my childhood, especially cause our local one had Teenage Mutant Ninja Turtles AND Simpsons the arcade games. I used to spend all my tickets as a kid on those cheap plastic spider rings and introduce myself as “The Spider King” to all the other kids
It won't take too many private deals before you meet sketchy characters. I've wound up some strange places looking at used gear
Consignments should be 80% return, trade-ins should be 60% return, selling to the shop should be a 50% return.
Ahhh, consignment! I did that once back in 1991 with my ‘69 Les Paul Deluxe gold top, because “I was done playing guitar”, lol.
Anyway, it was naturally relic’ed, a little beat up , someone before me put a bridge full size humbucker with a split coil mini toggle, and it had a headstock repair, but still?…. Walked away with 400 bucks……ow…
I take it that you were in fact, not 'done' and still play today?
For a 40 to 50% consignment fee why not just sell it to a pawn shop, or guitar center?
I regret selling my 2017 Gibson SG standard in alpine white with a tear drop guard. After the consignment I got $1000 and the shop made $300. I told the shop if I don't get $1000 i won't consign it. Well I got it. I was just trying to free up funds for the 1961 les paul jr I had just gotten a loan for to just pay off as quickly as possible. This was of course before the guitar price hikes and shit so ypu know. I could probably get 2 grand for it now days. I keep all my guitar boxes and have shipped them before so thats easy. It's the guitar I let get away. Ps. I would never do a consignment again.
Buc-ees, where the beaver 🦫 never sleeps...
Who's Zack? I'm new
Buckee's!! I hope Jonathan got some beaver nuggets and brisket taco man
Consign it , Baby !
Come for the advice, stay for the beavers.
Always sell privately, Facebook marketplace or Craigslist, and meet all buyers at mutually convenient police stations
50%?? You might as well just sell it wholesale to the shop. That's a standard "sell to" price for the chains, MGR, GC etc. GC will give you 60% of the value on the trade
Guys I have the original Taylor box and the big box that the Taylor box goes inside. Plus the guitar is in the nice hard case from Taylor. Should be protected right? Like it’s all ready to go so the shilling should be ok right? I have a 324ce brand new almost maybe a slight mRk in the luck guard but no scratches on the guitar anywhere or imperfections. It’s six months old and all. I am to nervous to do it in person now because there’s just sooooo many scammers on FB and Craig’s list. Is reverb my best bet? Even sweetwater has their own but sell shop. Thanks!!
Ryan :)
Oh is it just as cheap to sell it somewhere on consignment as it would be on reverb? After all said and done and prices going up on reverb etc?
Shakey’s pizza ! They played old silent films and had a band of bears playing.
In Canada we had Pizza Chief. 1 location. They played silent movies and had a creepy player piano underneath the screen. Maybe I dreamed it but there might have been a live piano player sometimes. And your pizza was kept warm by a single tea light candle. Lineups out the door every night.
I'm going to refer to cameras as "photography machines" from now on!
If you’re not in a crunch do it yourself
Bought an amp in the parking lot of a burger joint
Sell it myself
Facebook marketplace for the win 😬
Now that’s funny- 50% and no fees for you…..and what happens if it gets damaged? Ugh, well, we’ll call you to come pick it up because we can’t sell it in that condition….LOL….and if we get scammed and your guitar is not insured by you to make up the difference of our mistake and settlement to you….then you’ll take what we originally offered you. 1/2 of what the guitar is worth… LOL….
If I am paying you a 50% cosign I expect you to not get scammed and if you do I still expect my agreed upon price. I would not negotiate. Otherwise what is the 50% for? Isn't that supposed to cover your cost of doing this business and covering these type of instances.
I can go to a pawn shop and hawk my shit for 60 cents on the dollar...
So... at least we had a subject today. I was starting to lose faith in you two. (just a little) lol
I guess its workin for you guys , but im just an old boomer and cant deal with such rehash as you put out. Jonathon is cool but under bad influence of that a d d person with the funny hair. I can see that ive stumbled onto foreign territory ; have fun guys, enjoy your g i joes and hot wheels. Goofballs.
It’s so easy to sell yourself locally. Yes you are going to deal with jerks.
First...lol
More than likely toilet break
Morning gentlemen.