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  #1  
Old 06-17-2018, 11:04 PM
vyacheslav vyacheslav is offline
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Default What's with the insane asking prices on Reverb?

I normally like Reverb.com and they always have lots of cool stuff on there. As we know, Reverb prices are skewed to the very high end as it is, but the prices have gotten completely out of control, to the point where it's almost becoming a joke.

I know that sellers can ask what ever they want. I also know that almost everything on Reverb has a "Make Offer" available on it. Thirdly, I know that just because the asking price is very high, doesn't mean it will ever sell at that price. But here's my question:

Why are sellers asking insane amounts for their items? One would think that if you are listing an item on a place like Reverb, your intention would be to sell it, otherwise why would you list it, right? I understand that you may not be desperate or in a hurry to sell, but when you are asking 4 times or more the "going rate" for something, why even bother at that point? Even if you want to haggle and expect someone to "talk you down", no one will EVER pay anywhere near these insane prices.

Case in point for exactly what I'm talking about:

https://reverb.com/item/12300175-tam...piece-mij-1994

Yes, I know it's a Canadian seller, but still. That's insane. Factoring in shipping, they are asking someone to pay over $1700 for a freaking Tama Rockstar kit. Unbelievable!!


What do you folks think the reasoning is behind these insane prices? Greed? Trying to fish for a naive buyer? Greed? They enjoy fleecing people? Greed? It certainly isn't honest and fair pricing. To me, no good can come from any of this. With the help of Google, this and similar forums, social media etc., buyers can do more research and be more informed than ever before about what, at the very least, similar items have sold for. Do sellers really think the "general public" is as dumb as they think they are?

Yes I know that no one will ever buy something at such an inflated price. It just brings me back to my point: Why waste everyone's time (including your own) by asking way more than any reasonable person would be willing to pay for that item? It's just very frustrating to look through Reverb and have to double check the prices to make sure I'm looking at it correctly. Regarding the Rockstar kit above, I don't think I'm being out of line when I say it's literally bordering on being a joke.

I don't know about you, but I've been way more frustrated than usual about the vintage drum market nowadays. It seems to me, more than ever, that the whole Greed/Capitalism concept is purveying the marketplace right now, more than it has in a long time.
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Last edited by vyacheslav; 06-17-2018 at 11:21 PM.
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  #2  
Old 06-18-2018, 06:05 AM
8upwithit 8upwithit is offline
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Default Re: What's with the insane asking prices on Reverb?

I saw that ad before, and you're right. It's insane. For one thing, they describe the finish as a burl, as if it were actual wood. It's not, it's just a wrap. I think sometimes people are just a bit too proud of what they're selling, which inflates the price.
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Old 06-18-2018, 08:44 AM
Mr.Toast Mr.Toast is online now
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Default Re: What's with the insane asking prices on Reverb?

We had a thread going last week that explored the dark side of this crazy priced listing phenomenon.

Essentially, I feel (and others agreed) that some of these crazy prices may be posted to purposely mislead anyone who might do a lazy cursory search. Effectively artificially inflating the perceived market value, at least for those who don't do thorough research. They find the crazy priced one(s) and then they think they are getting a steal when they find one for a more reasonable price. So it moves the market forward. The more rare the item, the more effective this scam could be.
I noticed it when I completed restoration on a somewhat rare North kit, I found only one North kit currently for sale on Reverb and none on eBay. It was not only priced at least double what it should be (IMHO), it was (I think) made to look extra shabby in the pics...mismatched heads etc. When I saw it and thought about it, it became obvious that the next North kit that goes up for sale, even at the high end of it's actual value, would be perceived as a home run when compared to that Reverb listing.
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Old 06-18-2018, 09:02 AM
wayne wayne is online now
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Default Re: What's with the insane asking prices on Reverb?

They ask stupid [bad] prices because for some reason, someone will pay it, eventually. Its a buyer beware situation, just like you,ve been taught since you were young, so I don't feel sorry for them.
Liars, cheaters, cons, scum bags, etc is where I get angry and pray that karma takes over.
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Old 06-18-2018, 09:35 AM
Hobbs Hobbs is online now
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Default Re: What's with the insane asking prices on Reverb?

There's a big difference between those who know the market and price high for very select pieces vs. those who don't know the market and do faulty research (or not) and base their price off those high-end pieces or other overpriced listings (to which their quality for their kit/drum ain't even close).

I've never bought off Reverb. I would if I found something I'm looking for - and notice most have OFFERS available (it's the only reason I ever look). The only thing I like REVERB for is copious photos (if the seller bothers to use them; which they often don't).

Many of the listings are from drummers/musicians who're hoping for you to buy their backwards lottery ticket.
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Last edited by Hobbs; 06-18-2018 at 09:37 AM.
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Old 06-18-2018, 01:33 PM
musiqman musiqman is offline
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Default Re: What's with the insane asking prices on Reverb?

I would still choose Reverb over eBay in a second.

If I want to know actually sold prices on reverb I search for the item and add:

&showsold=true

And I get all the actual sold prices to see if the seller has a point (or if i'm selling, if my price is proper according to the other sold prices)
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  #7  
Old 06-18-2018, 03:27 PM
Mr.Toast Mr.Toast is online now
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Default Re: What's with the insane asking prices on Reverb?

For what it's worth...I agree with musiqman.

I prefer Reverb for many reasons. Not the least of which is the lower fees.

Thanks for the search tip!
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Old 06-18-2018, 03:56 PM
Hobbs Hobbs is online now
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Default Re: What's with the insane asking prices on Reverb?

Quote:
Originally Posted by musiqman View Post
I would still choose Reverb over eBay in a second.

If I want to know actually sold prices on reverb I search for the item and add:

&showsold=true

And I get all the actual sold prices to see if the seller has a point (or if i'm selling, if my price is proper according to the other sold prices)
Why do you prefer it? Curious as I might be encouraged to buy there.

FWIW:

I find sold Reverb listings by googling item x and then looking at the PHOTO section that indicate Reverb and click through until I get to their site.
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Old 06-18-2018, 03:59 PM
Hobbs Hobbs is online now
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Default Re: What's with the insane asking prices on Reverb?

Quote:
Originally Posted by Mr.Toast View Post
For what it's worth...I agree with musiqman.

I prefer Reverb for many reasons. Not the least of which is the lower fees.

Thanks for the search tip!
Sounds like you're selling there - so if low fees are the least of it, what comes before that?
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Old 06-18-2018, 04:29 PM
OddBall OddBall is online now
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Default Re: What's with the insane asking prices on Reverb?

A Phonic stencil kit priced higher than the Phonics they pretend they are ? Insane fits.
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