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The Maestro

Do people want too much $$$ for used gear?

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Do you guys think people are somewhat delusional about how much they think their stuff is worth? I see people trying to sell 5-10 year old rods and reels for barely less than what they were worth when they were brand new.  I understand that quality gear will last a long time if it's been taken care of but I think part of it is that fishing gear has sentimental value to us that causes people to over value it.  I know I personally associate my stuff with great memories of great days on the water.  What do you all think?

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Generally people usually ask more than what they will actually accept.

A seller can always come down on a deal. 

Don't often here people selling items for more than they asked.

 

Personally i would make a terrible salesman. I am notorious for not asking enough for an item I have for sale.

by the time I am ready to sell something it no longer has much value to me.

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17 minutes ago, The Maestro said:

Do you guys think people are somewhat delusional about how much they think their stuff is worth? 

 

Yes

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Kind of like people saying i saw this for sale for x dollars....doesn't mean it sold for that much.  People can ask whatever they want and the market will dictate whether or not it is a viable price.  

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20 minutes ago, flyfisher said:

Kind of like people saying i saw this for sale for x dollars....doesn't mean it sold for that much.  People can ask whatever they want and the market will dictate whether or not it is a viable price.  

True.  I'd still be embarrassed to ask what some of these people do even if I wasn't firm on the price.  My experience has been that most people don't want to move much on the price and seem offended that you don't want to pay near retail prices for a 10 year old reel.

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i'd pay near retail price on a few different reels but those are few and far in between

 

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1 hour ago, The Maestro said:

Do you guys think people are somewhat delusional about how much they think their stuff is worth? I see people trying to sell 5-10 year old rods and reels for barely less than what they were worth when they were brand new.  I understand that quality gear will last a long time if it's been taken care of but I think part of it is that fishing gear has sentimental value to us that causes people to over value it.  I know I personally associate my stuff with great memories of great days on the water.  What do you all think?

Absolutely, and it's not just fishing gear. Most used sporting goods items are worth pennies on the dollar used. The market will find it's level. That being said, there are certain items that maintain their value (and in some cases even appreciate) due to elevated demand based on several factors. Just take a look at the items offered for sale here, "price drop, new price drop, bump, last price drop,... I guess I'll keep it". Now the pork rind on the other hand... :) 

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There's items list in this forum right now that are 100% of retail for used.........

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Just now, Dens228 said:

There's items list in this forum right now that are 100% of retail for used.........

I wasn't even referring to stuff for sale here. Tbh I didnt even know there was a for sale section on the site. Going to check it out if I can find it.

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It is all depend demand and supply, if used gear are in demand then seller might be able to sell at higher price. If you don’t like the price don’t buy it then eventually seller will come to realize he set the price too high. 

 

For example if you have Shimano Crucial casting rod Gen 2 6’11 Dropshot specific, I would gladly buy it from you for let’s say 100bucks. Another one, I sold my beat up Chornarch 50e for 160 a years ago, that is almost retail price. In the meantime I bought scorpion 1000xt (same as chronarch) for 175 last year go figure.

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9 minutes ago, JustJames said:

It is all depend demand and supply, if used gear are in demand then seller might be able to sell at higher price. If you don’t like the price don’t buy it then eventually seller will come to realize he set the price too high. 

 

For example if you have Shimano Crucial casting rod Gen 2 6’11 Dropshot specific, I would gladly buy it from you for let’s say 100bucks. Another one, I sold my beat up Chornarch 50e for 160 a years ago, that is almost retail price. In the meantime I bought scorpion 1000xt (same as chronarch) for 175 last year go figure.

I know what you mean especially when you're talking about those discontinued lines that hold a sort of "legendary" status.  Most people that own this stuff won't sell it so there's not much supply.  For me personally I would be willing to pay a pretty penny for a 7'7" heavy Cumara (the first gen black ones) just to keep it in storage in case the one I have ever breaks.  I haven't used another rod that's quite the same or as much fun to set hook with.  I guess I was talking about the more "typical" older equipment that has often been upgraded and improved upon being over priced.

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Used fishing gear is a buyers market. Just as a seller may have sentimental attachment to a particular, there are instances when a buyer is looking for an item for the same reasons.  My first low profile baitcaster was a Daiwa PMA10, a great little reel that got me hooked on low profile reels.  Fishing out of a tube, I lost it and the rod. I spent the better part of two days looking for it. Never found it.  15yrs. later I saw one in mint condition for 1&1/2 times what a new one sold for.  I didn't hesitate to pay that price.

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It depends on the what it is. Discontinued items can be highly sought after and this drives up price. Look at the old wiggle warts. They sold for 4-5 bucks brand new, no a NIP craw colored wart gets you 20-30 bucks, select colors even more. The E series Shimanos held their value really well too and for awhile you could sell them for more than original if they were in really good shape. 

 

It's like anything else, you'll find guys trying to sell their 30 year old cars for well above what they're worth because they have sentimental value, but that doesn't mean someone will pay that much. 

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I will buy all the Barely Legal Vixens you have for the full retail value of $13.99 if you want to get rid of them. Like everything some things appreciate while others depreciate. 

 

Allen

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It's like the xcalibur XR50 lipless when they announced they were going to quit making them. They were SELLING for $20-$30 a pop. Then when it was released that Booyah was basically taking over and releasing the same bait the demand went down. You can go to the auction site and people are still ASKING those prices, but they are not SELLING for those prices.

 

I had about 10 Chrome/black, 10 Chrome/blue and 25 Rayburn Red when all this happened. Should have sold them I guess LOL

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"price drop, new price drop, bump, last price drop,... I guess I'll keep it".

 

But honey, I told you I'd sell a lot of my gear and I tried, I really tried.   :)

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The only used fishing tackle I buy now are antique lures.

 

I have a nice collection and am always looking to pick up a bargain.

 

On Saturday, February 2nd, the Paralyzed Veterans of America has a Fishing Flea Market in Richmond and I plan to attend to see what old items are being offered.

 

It cost only $20 for a table and $2 admission fee so it should attract lots of guys and gals who want to sell their items.

 

Will let all know if I bought anything.

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7 hours ago, Bluebasser86 said:

It depends on the what it is. Discontinued items can be highly sought after and this drives up price. Look at the old wiggle warts. They sold for 4-5 bucks brand new, no a NIP craw colored wart gets you 20-30 bucks, select colors even more. The E series Shimanos held their value really well too and for awhile you could sell them for more than original if they were in really good shape. 

 

It's like anything else, you'll find guys trying to sell their 30 year old cars for well above what they're worth because they have sentimental value, but that doesn't mean someone will pay that much. 

Bingo

3 minutes ago, Sam said:

The only used fishing tackle I buy now are antique lures.

 

I have a nice collection and am always looking to pick up a bargain.

Fellow collector.

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8 hours ago, Bluebasser86 said:

The E series Shimanos held their value really well too and for awhile you could sell them for more than original if they were in really good shape. 

I bought one of them and would do it again!

 

 

 

 

Mike

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I love the people who sell "like new or only been used a couple of times" then they want to sell it a couple dollars off full price plus shipping.

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8 hours ago, Bluebasser86 said:

held their value really well too

This has always been a very interesting statement to me (and I use it sometimes myself) but it distinctly implies that we do not intend to keep the item we are referring to.  The market value of an item we already own makes no difference at all unless we are going to sell it or use it as collateral.  I think sometimes when we are buying something we really want and we talk about how well "they hold their value" we are, at least subconsciously, admitting that we probably aren't going to keep it forever.  I know that when I'm looking at an expensive toy like a Jeep or a Harley and I start talking about "how well they hold their value" my wife looks at me sideways because she can see I'm about to throw away a couple grand!  LOL 

 

I've grown to prefer to buy the things I'll keep forever.  I've had a few Harleys come and go, but I have one that bought in 2002 that I will eventually give to my son.  I've had more vehicles than I can count, but I've had my Mustang for 29 years.  I still waste some money on "stuff", but when you find just the right thing it can become something more than "stuff" and, at that point, market value doesn't matter.  One man's trash is another man's treasure!  

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16 hours ago, The Maestro said:

Do you guys think people are somewhat delusional about how much they think their stuff is worth? I see people trying to sell 5-10 year old rods and reels for barely less than what they were worth when they were brand new.  I understand that quality gear will last a long time if it's been taken care of but I think part of it is that fishing gear has sentimental value to us that causes people to over value it.  I know I personally associate my stuff with great memories of great days on the water.  What do you all think?

I've sold several items here at the Bass Resources Fishing Flea Market of various dollar values.

I 'price items to sell' meaning, I usually subtract 25-50% of whatever price I actually want to sell it at because I know my personal tendency is to 'ask' too much.  

If this gear doesn't sell, I'll continue to lower the price until it does.

Usually results in a sale - 

Whatever the item - it's worth exactly whatever it sells at - no more no less. 

My experiences doing this has revealed that some buyers are some what delusional expecting sellers to give away perfectly usable gear with free shipping.  

So it works both ways. 

A-Jay

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3 minutes ago, A-Jay said:

I've sold several items here at the Bass Resources Fishing Flea Market of various dollar values.

I 'price items to sell' meaning, I usually subtract 25-50% of whatever price I actually want to sell it at because I know my personal tendency is to 'ask' too much.  

If this gear doesn't sell, I'll continue to lower the price until it does.

Usually results in a sale - 

Whatever the item - it's worth exactly whatever it sells at - no more no less. 

My experiences doing this has revealed that some buyers are some what delusional expecting sellers to give away perfectly usable gear with free shipping.  

So it works both ways. 

A-Jay

I had a quick look at the flea market and it seems like there's a lot of fairly realistic/reasonably priced stuff compared to the "dreamers" I've seen on kijiji. And yes I'm sure some buyers can the delusional as well.  I make it a point not to over haggle.  If the person refuses my offer I just move on.

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Typically I'm not gonna buy used gear, I'd rather just pay more and have it new. It's crazy to watch these people online try to sell something used for $10 less than brand new then charge $8 for shipping lol 

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I think rods are difficult to resell, because packaging ends up being such a drain on your return as a seller.  I couldn't imagine trying to sell a rod besides locally.

 

When it comes to selling reels, or tackle, my experience is I often don't need to get rid of them.  So pricing can be closer to a make-me-move price, as opposed to a have to sell price.

 

 

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