You’ve decided that the time has come to sell your guitar collection. Where do you start? It’s not as complicated as you may initially think it is!
Follow these four tips for selling your guitar collection:
Know The Condition Of The Collection
Before you can sell your guitar collection, you must assess its condition. The condition of a guitar is a considerable part of its value, and typically, the better the condition, the better the value. For example, a newer model guitar in good condition will be higher in value than that same guitar in poor condition. But that’s not always the case! Older, rare guitars tend to hold their value for collectors—especially if they belonged to a famous musician.
Get Them Appraised By A Professional
There are many ways you can get your guitar collection appraised, like through an online database such as Reverb. This is a great place to start to get an idea of how much your collection may be worth, but you will want to get it appraised by a professional.
Even when you have an idea of the guitar’s value, you must remain realistic about how much you may get for it. Yes, you may find a buyer who is willing to pay that fair market value, but more often than not, you may have to sell for less. This is normal and why you should always consider the condition of the collection and what exactly you are selling.
Have An Excellent Listing
Will you be selling the pieces individually or as a collection? Answer this question early on as it could affect the difficulty of the sale. More often than not, buyers are browsing collections to see if they spot that guitar they have been searching for all of these years and aren’t interested in the collection as a whole.
If you decide to sell your collection online, know what you have to make an excellent listing to attract buyers.
Stay Local When You Sell
Staying local when you sell your guitar collection has many benefits, from no shipping costs and fees and supporting local musicians. It’s also a great way to get a great deal on your guitar collection. Selling locally at a music shop like Music Go Round also means that you can create your own discounts and get great deals on upgrades.