I tend to buy high and sell low!!

Larry Behm · Post by **Larry Behm** » 31 Oct 2017 8:03 am

Anybody else seem to fall into this pit?

Richard Sinkler · Post by **Richard Sinkler** » 31 Oct 2017 8:05 am

Guilty.

Tony Prior · Post by **Tony Prior** » 31 Oct 2017 8:17 am

no ! sorry

Bill Sinclair · Post by **Bill Sinclair** » 31 Oct 2017 8:58 am

More of a break-even man, myself. My labor tends to be free though!

Skip Edwards · Post by **Skip Edwards** » 31 Oct 2017 10:11 am

Be glad you're not a keyboard player... At least you can sell a steel or related items.
I've got lots of keyboards/modules/etc that are either obsolete, have issues with their electronics/nobody wants them anymore/too heavy to ship/shall I go on?
How many ADATs would you like? They're great for propping doors open...that's about it.
If I could only sell them at all... low would be fine. Thinking about trashing the lot just for the purge high...

The only things that appreciate in value are my steels and Hammonds...

David Weisenthal · Post by **David Weisenthal** » 31 Oct 2017 10:13 am

Seems to be true with me too Larry. Guitars and tools. Oh, and the 62 galaxie I just had to get rid of... $:\$

David Weisenthal · Post by **David Weisenthal** » 31 Oct 2017 10:18 am

Skip, could you donate some to a school and write then off? "Purge high" made me laugh.

Dave Potter · Post by **Dave Potter** » 31 Oct 2017 4:28 pm

That's something all of us have to come to grips with, at some point in our lives. We all buy stuff, and inevitably, we end up selling some of our stuff.

But I think there's more involved than just reducing it to your "buy high, sell low" criterion - there are variables.

For example, how "high" were we willing to pay, in the first place? What's the motivation for selling - are we in a hurry to sell, meaning, we'll settle for a lower price, or, are we willing to hold out for more, waiting for someone willing to pay a higher price?

In my case, when I decide something needs to find a new home, I just want to get it done, and not make a career out of the transaction - squeezing the last penny out of it isn't my top priority. That means I'll be willing to sell for a price that makes the item attractive, and it also means I might be willing to take a loss on it. Those are all personal priorities - it's not a "one size fits all" propostion.

Don R Brown · Post by **Don R Brown** » 31 Oct 2017 5:07 pm

Maybe do your buying first, and THEN light up.........

Larry Lenhart · Post by **Larry Lenhart** » 31 Oct 2017 7:25 pm

Definately guilty ! I tend to think of it as "rent" I paid on the instrument while I owned it and try to forget what I "lost" Like someone mentioned, I like to make the price attractive and not make a long drawn out deal over it.

Bob Carlucci · Post by **Bob Carlucci** » 4 Nov 2017 7:20 am

Mostly, yes.. However i do run into some killer deals at garage sales, and will turn a modest profit here and there on low price stuff, that brings me a little closer to the break even point ...When it comes to other stuff like cars, boats, etc, I take huge losses always..

I do better on cheap stuff at garage sales.. say finding an interesting old MIJ guitar at a garage sale for $25, restring it , adjusting the truss, shimming the neck, cleaning it up, getting electronics working properly, and then selling it for $100.. However when I factor my time, I am probably still losing.... bob

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Steve Spitz · Post by **Steve Spitz** » 4 Nov 2017 7:30 am

Im like Larry. Its like rent.

I love gear. If I buy an expensive piece, use it, and enjoy it, then I sell for a bit less than I paid, I look at it as a small fee to fund my addiction.

Long story short, its not a big expense as long as you sell as well as buy.

I dont have any other expensive hobbies, and I make a little bit of cash playing steel.

recirculating the gear is a cheap thrill.

Tom Keller · Post by **Tom Keller** » 4 Nov 2017 8:23 am

I like to think I am one of the founding members of the buy high sell low club.

Tom Keller

Jim Norman · Post by **Jim Norman** » 14 Nov 2017 10:04 pm

What is this "selling" of which you speak?

Joe Ribaudo · Post by **Joe Ribaudo** » 15 Nov 2017 1:22 pm

I'd even settle for a write off.
"Pedals for Preteens?"

Len Ryder · Post by **Len Ryder** » 18 Nov 2017 2:53 pm

I had an outdated P.A. system a few years back. Donated it to a small local school where my Granddaughter was a student. It was much appreciated.

Henry Matthews · Post by **Henry Matthews** » 21 Nov 2017 9:09 am

Me too, as soon as I buy something, the market is flooded with it and it becomes totally useless. Whether it's steel guitars, guns or even vehicles, it happens to me. Bought a steel once on forum for $3500 and they were all selling for that or more and few months later, they were selling for around $2300. Bought a gun once because they were hard to get, paid $1300. Two months later they were $600. I can't win for losing.

Art Beard · Post by **Art Beard** » 28 Nov 2017 4:54 am

I am also guilty of this and have the same luck, price and low availability one moment and if I buy the price drops. at 71, I thought I was also one of the founding members. LOL Az Art

The Steel Guitar Forum

I tend to buy high and sell low!!

I tend to buy high and sell low!!

Buy high and sell low