What they all said. (I actually once took a university course on valuation; so long as
you're dealing with trackable demand on commodity goods, it's incredible... & pretty
much rubbish for anything else.) There was the time I bought a cheap necklace with an
amber plastic stone that turned out to be, well, amber -- not because I was looking for
profit, just that it was a good-looking antique trinket for my girlfriend.
month, a friend told me he had "a cheap old guitar" sitting unused in his closet for 30+
years. Long story short, it's a Hofner, probably early 1970s. We're in a remote region,
& I told him that, to get top dollar, he'd be best driving 350 miles to Minneapolis,
though perhaps he could find someone who both knows the coolness factor AND has enough
cash to pay properly.
Most valuation sources simply don't have access to data
that's thorough or recent -- with only a handful of data points per year, the market could
be saturated OR it could be arid. I rely on the various Fjested "Blue Book" publications,
though I'm reluctant to show people that their "pristine" instrument rates as 40%-60%. And
they're disappointed when I make an offer of only ~40% of THAT value, so I have a brief
speech on how I have to store a given guitar for months while I hunt down someone who'll
60% of the Blue Book value.
If you want to pay $14.95/month or
$4.95 for a single search:https://store.bluebookinc.com/InstantAccess/Default.aspx?id=2
Anyway, my friend has things going for him. Back in the 1960s in this region, many
mom-&-pop shops couldn't get (or maybe afford) a supply of Fender or Gibson, or even
Gretsch or Guild, but Hagstrom & Hofner could be had, & had an "old world" cachet
that sat well with the many third-generation immigrants (I'm only six in myself), so we
likely have a higher proportion of Hofner fans. He found a regional shop that's interested
in giving him at least $800 store credit.
Insurance is another matter entirely.
If you rely on one particular instrument for income, then it makes sense to insure it (at
a premium) for immediate full-value replacement; if you just want a similar one should
disaster or theft strike, then you could get by at a lower valuation.
consider Blue Book definitive, it's not the last word. A guitar that's "worth" $5,000 but
languishes with a $500 pricetag isn't even worth $500 in any practical sense. And there's
an emotional factor: if you get a price, but feel abused, then it was clearly worth more
TO YOU. On rare occasion, I feel guilty (briefly
I casually ask for an inflated price, & get it without argument.
I bought a 60% 2005 Standard Precision bass for $180, from a shop. Even at that price,
it'd hung on the wall for almost six months. Yet I could readily turn it on eBay for
$400+, or locally for maybe $350. And my Hofner-toting friend has been wanting a good used
Telecaster, so he's ecstatic about his own dealings.
An SG Standard, well...
looking at the Blue Book & other sources, guessing 60%, I'd put the top value at $475.
Barring variables (& IMO only), you'd be justified in hoping for store credit of
~$450, & local sale of ~$350 (maybe $400 if you're ready to flog it for months on
CraigsList or similar). If you find someone who adores that specific model & era, you
could get more.
resident troublemaker, http://forum.frugalguitarist.com/