How to Buy and Sell Musical Instruments

Musical instruments are some of the most valuable personal possessions that many people own, besides larger investments like cars and properties. A quality musical instrument can be worth a lot of money, whether it's a guitar, horn, piano or other type of instrument. Musical instruments also have their particular markets, and if you are looking to buy and sell musical instruments, use these basic steps to help you get a better chance of success.

Set a price for your instrument. Before you start trying to sell an instrument, or before you start looking for one, it's good to have an estimated price in mind. This helps you to make sure that you have knowledge of the general market and don't just accept any price that someone else gives you, whether you are buying or selling.

  • Look at market prices for a specific kind of musical instrument. When it comes to buying and selling, one instrument is not really like another. Each different type of musical instrument has its own specialized market, a community of individuals buying and selling these sound-making items. When you know what someone is generally willing to pay, you can use this information to your benefit.
  • Identify collectible values for older musical instruments. If your instrument has collectible value as a vintage model that is no longer being made, this will impact the price that you use to sell it. Likewise, if you're looking to buy a collectible, you would generally pay more. Use industry periodicals or any other means to find out about common pricing for collectibles.
  • Assess the condition of your musical instrument. Anything that takes away from the condition of the instrument will affect price. In general, musicians are willing to pay nearly top price for an instrument that still has full functionality. But some cosmetic issues may lower the value of almost any instrument. Missing pieces or other lack of function will make the instrument even less valuable.
  • Contact individual buyers. If you are trying to sell an instrument, get names of buyers and contact them individually. By going over the exact conditions of your instrument, you are often more likely to make a sale.

Find interested buyers for a musical instrument. Find places where others look to buy instruments and advertise yours for sale, or join in the crowd of people looking to get their hands on a certain music making piece.

Find sellers. Sellers for musical instruments can help you, whether you have an instrument to sell or you want to buy one. Finding qualified sellers is an essential part of marketing for a musical instrument purchase.

  • Utilize services like eBay to sell instruments. New online services will help you to sell musical instruments to buyers, or if you're looking to buy, will help you locate available models. These online matchmaking services are critical for musical instruments and other items that have somewhat subjective values.
  • Use a consignment shop. Another way for both buyers and sellers to be successful in transactions with musical instrument markets is to use a consignment shop. The shop displays the seller's instrument prominently in the store and takes a commission on the sale.


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