Vintage PRS - value down?

Discussion in 'General Discussion' started by TMeury, Jan 11, 2020.

  1. TMeury

    TMeury New Member

    Joined:
    May 2, 2012
    Messages:
    34
    Likes Received:
    89
    It is just me or is the used guitar (especially vintage) market down? With this ‘booming’ economy I thought the used guitar market would be back up.

    I’ve got a couple of my 87s on Reverb that I thought would sell quick but, it’s crickets out there.

    I’ve toyed with putting my 85/86 up as a feeler to try to get a temperature of the market.

    What do you all think?
     
  2. vchizzle

    vchizzle Zomb!e Nine, DFZ

    Joined:
    Apr 28, 2012
    Messages:
    7,131
    Likes Received:
    4,291
    Yeah, I see a lot guitars sitting that would’ve sold in a heartbeat 10 years ago. Not sure why. Cycles?
    I had 1 of my Archon’s up for sale so I could try to buy back an old amp I sold several years back and could hardly get a sniff. I eventually just gave up. You probably have an old standard or 2 I wish I was in the position to grab.
     
    Alnus Rubra and sergiodeblanc like this.
  3. sergiodeblanc

    sergiodeblanc Zombie Eight, DFZ

    Joined:
    Apr 26, 2012
    Messages:
    20,893
    Likes Received:
    32,393
    Yeah, it’s been kinda slow and low for the old pieces for awhile. Bad time to sell, great time to buy.
     
    Lister, Alnus Rubra and danktat like this.
  4. bodia

    bodia Authorities said.....best leave it.....unsolved

    Joined:
    Jan 21, 2015
    Messages:
    19,706
    Likes Received:
    28,258
    Sure is!
     
    Alnus Rubra and veinbuster like this.
  5. CandidPicker

    CandidPicker Open - Eared

    Joined:
    Jan 26, 2019
    Messages:
    2,118
    Likes Received:
    1,992
    Consider the post-Xmas buying slump. People spent their cash on the holidays and are celebrating when others are hosting. Better to wait until the end of the month, or after the Feb/Mar tax season.

    The uptick is that some working musicians may see your sale as an opportunity for a tax season write-off for their business/career, and may buy your gear.

    I usually don't post on seller's sites until mid or end of the month, when bi-weekly paychecks go out.
     
  6. dogrocketp

    dogrocketp I drank the PRS kool aid, and it was tasty!

    Joined:
    Apr 28, 2013
    Messages:
    2,474
    Likes Received:
    2,553
    The very top of the market is booming. Are you and your friends doing substantially better?
     
  7. danktat

    danktat Award winning tattoo artist ... Amateur guitarist

    Joined:
    Nov 5, 2018
    Messages:
    647
    Likes Received:
    2,220
    Indeed. I am considering buying another while the market is how it is. I may have more money later, but they may cost more money later. So, if I see the right instrument, for the right price, I may have to pull the trigger.
     
    Alnus Rubra and sergiodeblanc like this.
  8. TMeury

    TMeury New Member

    Joined:
    May 2, 2012
    Messages:
    34
    Likes Received:
    89
    Ha! No. Hence the quotations. Not doing much different than 4 years ago.
     
  9. Tone-y

    Tone-y New Member

    Joined:
    Jan 22, 2018
    Messages:
    608
    Likes Received:
    952
    It could also be that over the last 10 years or so, PRS has been making so many desirable guitars with top pickups all starting from when the 57/08s were introduced. Honestly, to me I have no interest in paying a premium for a PRS prior to this period when I'd rather have one from after.
     
    Mozzi, Casi1, bodia and 1 other person like this.
  10. ]-[@n$0Ma☩!©

    ]-[@n$0Ma☩!© Fungi Monkey

    Joined:
    Aug 1, 1985
    Messages:
    6,312
    Likes Received:
    4,144
    Ok, ya lost me. I'm only aware one one market. Are you referring to the 16 different exchanges or is this just political commentary in the sub-text?

    Much. And job opportunities everywhere.

    Me too, brother. I listed my Fire Red 1990 on TGP last week. Not even a nibble at $2k. Asked for offers and got crickets. That really surprised me.
     
    #10 ]-[@n$0Ma☩!©, Jan 12, 2020
    Last edited: Jan 12, 2020
    sergiodeblanc likes this.
  11. Casi1

    Casi1 New Member

    Joined:
    Jun 19, 2017
    Messages:
    1,086
    Likes Received:
    2,750
    Yeah, a buddy of mine listed an early 90s really nice condition PRS for $2K and got zero offers. Several lookers made comments like ‘why would I pay $2k for that when I can buy a new SS for damn near same money’. Basically, the old PRS would need to be either unique or have the specific finish they want or something, otherwise why not buy a new PRS.

    My local shop recently had to mark down a gorgeous Custom 24 (late 90s/early 2000s) to $1200 just to move it along.
     
    Mozzi, veinbuster, Tone-y and 2 others like this.
  12. Tone-y

    Tone-y New Member

    Joined:
    Jan 22, 2018
    Messages:
    608
    Likes Received:
    952
    ..... That's the downside of continuously improving and innovating. The old stuff doesn't hold its value. If there was a perceived time in the past when PRS made it's best instruments of the like that you just could not buy anymore there would be demand, but unfortunately (or fortunately depending on your point of view) there isn't
     
    Black Plaid, Mozzi, AP515 and 2 others like this.
  13. sergiodeblanc

    sergiodeblanc Zombie Eight, DFZ

    Joined:
    Apr 26, 2012
    Messages:
    20,893
    Likes Received:
    32,393
    And there’s very little, or no collectors out there disputing or combating that perception too. The culture just isn’t there like it used to be.

    I personally believe there are some desirable attributes to some of the old ones but, since there’s still a few I’d like to eventually purchase.... it doesn’t pain me to see people passing on them.
     
  14. Tone-y

    Tone-y New Member

    Joined:
    Jan 22, 2018
    Messages:
    608
    Likes Received:
    952
    Desirable, sure, but it's whether it's enough to pay a premium purely because the guitar is now 'vintage'.
     
    Mozzi, AP515, Casi1 and 1 other person like this.
  15. sergiodeblanc

    sergiodeblanc Zombie Eight, DFZ

    Joined:
    Apr 26, 2012
    Messages:
    20,893
    Likes Received:
    32,393
    Agreed, but the point I believe this thread is making is that folks aren’t buying the guitars for a premium because they’re ’vintage’.

    If people are instead buying (and they are) new CE’s for the same price as @]-[@n$0Ma☩!© 1990 Standard with a Brazilian board and a Milcom trem... then there’s something going on with the perception of the old guitars.
     
    bodia, AP515 and Casi1 like this.
  16. veinbuster

    veinbuster Zombie Three, DFZ

    Joined:
    Apr 26, 2012
    Messages:
    10,629
    Likes Received:
    13,577
    PRS old guitars are in a bit of a no man’s land.

    They aren’t old enough to be mythical. Heck, they didn’t even exist when the baby boomers with good investment portfolios were lusting after sh!t they couldn’t afford when they were kids.

    Unlike some manufacturers, the quality never went backwards, so there is no golden era in the past when they were noticeably better. Basically the old ones are just older. Who would buy a two day old loaf of bread for the same price as a fresh loaf.
     
    #16 veinbuster, Jan 13, 2020
    Last edited: Jan 13, 2020
    Alnus Rubra, bodia, Tone-y and 2 others like this.
  17. Ovibos

    Ovibos Unsure why all necks aren't rosewood

    Joined:
    Jan 9, 2015
    Messages:
    1,724
    Likes Received:
    2,739
    Give it time. People now pay thru the nose for CBS-era guitars that we all thought were trash in the '80s.

    PRS just hasn't had its "oh maybe 3-bolt necks are actually good" moment yet.
     
  18. jxe

    jxe babe en der wood

    Joined:
    Apr 12, 2018
    Messages:
    1,702
    Likes Received:
    2,647
    ‘old loafs’!
     
  19. Mozzi

    Mozzi https://imgur.com/user/BAMozzy

    Joined:
    Jun 2, 2018
    Messages:
    1,630
    Likes Received:
    2,426
    There are 1 or 2 people I know that like 'old' guitars as they feel played in and/or have accumulated 'mojo'. However most I know wouldn't pay a premium just because its old or pre-new factory unless its something really special like the first Dragon's or one of the first 100 to come off the production line - looking for a potential collectors piece for the future.

    The majority of players want the newer models with newer Pick-ups and don't want rotary switches either. They can get that for reasonable money so not going to pay the same or more for older models. The quality hasn't dropped or some 'undesirable' changes made so that the 'older' guitars are somehow better (or even perceived as better) and people know that PRS are a company that is always looking at ways to improve any aspect. As such, the general perception is that the newer guitars are fundamentally 'better' - even if its just the pick-ups or just changing to a blade switch. The fact that we also have Gen III Trem and Phase III locking tuners also indicates that they are a generation above what came before.

    Unless it really appeals to collectors, an out of production model or has something uniquely special, its just an old guitar where the modern ones are [perceived] as better. Its a 'niche' market that will pay more just because its old and I think most would rather spend $2k on a much newer PRS. As such, you are relying on those niche buyers unless you drop the price and make it affordable to those that can't afford the newer models. It depends on whether you want to sell quickly or happy to wait. I know someone that only looks at pre-91 PRS's because he only likes guitars that are ~30yrs+ old but he is certainly the exception amongst the guitarists I know.
     
    Tone-y likes this.
  20. Alnus Rubra

    Alnus Rubra Loving nature’s wonders

    Joined:
    Oct 17, 2017
    Messages:
    10,126
    Likes Received:
    17,420
    You could make toast;)
     

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice