Originally Posted by Joe-Bob
I recommend you never go back to that vintage guitar store.
Well, I don't know if I agree with that one. IF this ES-335 measures to be the narrow nut, then the guy's offer was maybe $1,500-2000 below what most of us would call 'fair' wholesale price, right? IF the guitar is the wide nut, that offer was say $7-8.5K low???
With that in mind, I wouldn't mind walking in there on a nice pleasant day and offering them the same reduced price swing on their vintage stock and see what they say. Maybe they sell as cheaply as they buy??? LOL I doubt it, but it could be an interesting exchange of ideas if they were made to understand that they were being offered the same type of price that they offered to Stefan's dad.
I surely would not go in there and offer a guitar on a blank slate again. Buyer beware has a brother named seller beware. IN this day and age, it is easy to find some info.
I alos would not be averse to walking in with this same guitar and offering it for sale. When they asked what the price was, I would price it commensurate with the market...considering of course that this would be at best a top of wholesale, bottom of retail type of price. Who knows, you might get what you want for it. Cash has a way of talking....
But I agree that $1K was WAY low.....if I had been offering and heard that 'out of the blue' offer, I would not have hesitated to make a counter....say, $9.5K for a wide nut, $4K for the narrow. There might have ensued an exchange of offers that could have gotten the guitar sold. They might have worked out a consignment deal that would have netted the seller a bit more and the store would have made a bit of money with minimum outlay. This happens.
When I have someone come in selling and they won't name a price, I push them to do so. I hate to name a price. When I am 'forced' to 'open the dialogue', I admit that I am apt to start in the middle of wholesale. Sometimes this is after I say something like...'well, I would snap up a deal for X amount....both the 'seller' and I know that this is not a serious offer. I am just setting some ground workd. I like to be as fair as a struggling business owner can be.
Most of the time, this method results in a deal being set at some price that gives them money and gives me a chance to make a profit. I am not getting rich at this, co maybe I am doing something incorrectly????
The following is not related to STefan's situation...I am just thinking of 'buy and sell' situation....
IF someone came in with that guitar and OFFERED it for $1K, I would also look at the deal sideways.....is something wrong? IS it stolen? So many aspects...... IT would be hard to turn down, but I would CMA by demanding ID, signatures and thumbprint. YEah, thumbprints....I have recovered a few stolen guitars in my store. The police and I are on good terms, and they provide buy'n'sell merchants with ID forms.