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What's with the insane asking prices on Reverb? Last viewed: 7 hours ago

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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-tama-rockstar-rm-5-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.

Posted on 6 years ago
#1
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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.

Posted on 6 years ago
#2
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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.

Stop stringing and tuning your instrument, make music now.
-fortune cookie

Vintage Drums:
1970ish Ludwig Standard Avocado Strata downbeat
1970ish Star Acrylic 22,12,13,16
1950’s Gretsch tympani 26.5
19?? Sonor roto-tympani 13x12
70’s Ludwig Standard alum 14x5 snare
90’s Arbiter Adv. Tuning 12x5 snare
90’s Ludwig blackrolite 14x5 snare

Modern Drums:
Erie Drums 1-ply sycamore shell kit 18,10,13
Erie 1-ply maple 14x5 snare
Tama S.L.P. Acrylic 14x6.5 snare
Posted on 6 years ago
#3
Posts: 2433 Threads: 483
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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.

Hit like you mean it!!
Posted on 6 years ago
#4
Posts: 977 Threads: 124
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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.

Posted on 6 years ago
#5
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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)

www.musiqoundsproductions.com
Posted on 6 years ago
#6
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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!

Stop stringing and tuning your instrument, make music now.
-fortune cookie

Vintage Drums:
1970ish Ludwig Standard Avocado Strata downbeat
1970ish Star Acrylic 22,12,13,16
1950’s Gretsch tympani 26.5
19?? Sonor roto-tympani 13x12
70’s Ludwig Standard alum 14x5 snare
90’s Arbiter Adv. Tuning 12x5 snare
90’s Ludwig blackrolite 14x5 snare

Modern Drums:
Erie Drums 1-ply sycamore shell kit 18,10,13
Erie 1-ply maple 14x5 snare
Tama S.L.P. Acrylic 14x6.5 snare
Posted on 6 years ago
#7
Posts: 977 Threads: 124
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From musiqman

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=trueAnd 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.

Posted on 6 years ago
#8
Posts: 977 Threads: 124
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From Mr.Toast

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?

Posted on 6 years ago
#9
Posts: 6524 Threads: 37
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A Phonic stencil kit priced higher than the Phonics they pretend they are ? Insane fits.

It`s a drum,.....Hit It !!

.....76/#XK9207 Phonic Sound Machine D454/D-505 snares !i
Posted on 6 years ago
#10
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