Skyrocketing gear prices...

[Iron1]

I was just talking about the 5150 prices going thru the roof:

[Budda]

YT channels dont help, I think

[Iron1]

YT channels dont help, I think

You're not wrong.

[Webdood]

It was kind of funny that Peavey combo took the huge price jump. I cant believe people are paying 800 bucks for new Klons when there are so many cheap Klones available.

[Ghost.]

I'm more pissed that the old Japanese Charvels and Jacksons are going for $1200-$1500.
They are in no way worth that kind of cash.

Not to mention the enormous amount of hit or miss prices with JP's. It's insane.

[scole]

I just missed out this weekend on a 1988 Model 6 red crackle that needed (doable) work for $200. Hate when I vacillate too long

[Ghost.]

I just missed out this weekend on a 1988 Model 6 red crackle that needed (doable) work for $200. Hate when I vacillate too long

This makes me sad.

[Briansol]

new flash: everything is up.

welcome to inflation.

[Iron1]

new flash: everything is up.

welcome to inflation.

If you're saying an amp that sold for $60 last year and now gets $800 is inflation, you need to retake economics 101...

[scole]

Yessir. I bought a kit back in August to convert one of my drum set’s rack toms to a floor tom for $162. Today that kit is $192

[Briansol]

5150's were not 60 bucks last year dude... lol

[Iron1]

5150's were not 60 bucks last year dude... lol

He's talking about the little Peavey, not the 5150... did you watch the video?

[Briansol]

no

[desertdweller]

It's been the pandemic. More people are at home with more time on their hands and they're cultivating new hobbies. I've heard total randoms talk on podcasts about their new guitars or entry level stuff like Postive Grid, and it works its way up from beginners to skilled players.

I look specifically at the prices of gear like a Mesa Mark IV. Two years ago I was close to buying one for $900 when the going rate for them was about $1200. Now they're nearly double the price. It's not inflation, it's not that a ton of Mark IVs have broken in the past few years leaving a bare market, it's that there are more guitar players right now than there were two years ago, including new players and people that have taken up playing again in their 30s, 40s, or 50s, that hadn't played since high school or college.

[Ghost.]

It's been the pandemic. More people are at home with more time on their hands and they're cultivating new hobbies. I've heard total randoms talk on podcasts about their new guitars or entry level stuff like Postive Grid, and it works its way up from beginners to skilled players.

I look specifically at the prices of gear like a Mesa Mark IV. Two years ago I was close to buying one for $900 when the going rate for them was about $1200. Now they're nearly double the price. It's not inflation, it's not that a ton of Mark IVs have broken in the past few years leaving a bare market, it's that there are more guitar players right now than there were two years ago, including new players and people that have taken up playing again in their 30s, 40s, or 50s, that hadn't played since high school or college.

So are you saying more people uneducated on used prices are buying products for ignorant prices?

[Iron1]

no

[desertdweller]

So are you saying more people uneducated on used prices are buying products for ignorant prices?

Econ 101 : Increased demand with no change to supply leads to higher prices.

[Iron1]

Econ 101 : Increased demand with no change to supply leads to higher prices.

And the added buying power of people in their 40s/50s on a nostalgia trip...

I was buying Bronze series Warlocks for $50 in 2019, fixing em up and reselling them for $150-200. Now I see people selling beaters for $2-400...

[Ghost.]

Econ 101 : Increased demand with no change to supply leads to higher prices.

I follow. Wasn't sure what you meant.

[Hulk Krogan]

Econ 101 : Increased demand with no change to supply leads to higher prices.

Honestly I think the supply has effectively been reduced on a lot of stuff, which of course drives prices up even more. A bunch of the 2021 model 7 strings I was looking at a couple months ago were basically impossible to get a hold of. Sweetwater, zzounds, etc had them up as backordered with an expected ship date of , or you could find them on reverb, being flipped for significantly above retail.

[desertdweller]

Honestly I think the supply has effectively been reduced on a lot of stuff, which of course drives prices up even here. A bunch of the 2021 model 7 strings I was looking at a couple months ago were basically impossible to get a hold of. Sweetwater, zzounds, etc had them up as backordered with an expected ship date of , or you could find them on reverb, being flipped for significantly above retail.

This is really fair on new items especially. The chip shortage and transformer problems that companies are going through are no joke.

[Ghost.]

I know this is slightly irrelevant.

But what's the deal with the boats not docking or whatever?
I can't find a good explanation online of what is going on.

Is it worker shortage or what?

EDIT:

Back to the video. If you look at Reverb Purchases there were at least several Peavey 5150's purchased for $2,100-$3000.
Insane.

[Budda]

Maybe I should buy some $1kCDN 5150s and flip them on reverb

From where I've seen, prices have dropped a little or remained constant. There's a PRS MC594 for $3k CAD on consignment right now, which is unheard of.

[scole]

I know this is slightly irrelevant.

But what's the deal with the boats not docking or whatever?
I can't find a good explanation online of what is going on.

Is it worker shortage or what?

EDIT:

Back to the video. If you look at Reverb Purchases there were at least several Peavey 5150's purchased for $2,100-$3000.
Insane.

Trucking shortage, I believe. If you can’t move the products from the docks, you can’t unload at the docks.

[Adam]

Also, all the people working from home are saving a ton of cash form commuting (at least here in the UK where travel is expensive) me and my partner have saved about $20,000 between us since march 2020 just on train fare alone. I've also saved about $3k on fuel where I don't drive my car out as much. Coupled with expensive lunches in the city, convenience foods, deliveries etc. We've saved a boatload of cash. So if I get in a bidding war for something on ebay, I can afford to go a but higher than I might have simply because that money is there.