2 ms·
Depreciation can be a real bitch, though. My favorite story along those lines was when I got paid $300 to own an exotic bass for a decade. The bass in questio
by TylerE 4y ago
Depreciation can be a real bitch, though.
My favorite story along those lines was when I got paid $300 to own an exotic bass for a decade.
The bass in question: An Alembic 6 string fretless. Original retail price in 1991: $6800 ($14.4k inflation adjusted).
My local small town music store took it in on trade...tagged it at around $2500 or so... it proceeded to sit on the wall for the next 3 or 4 years. Owner of the store was a quirky older dude who doesn't do internet sales at all.
So, finally, I catch the owner in a good mood one day and say look - I'm the only guy with weird enough tastes in this town to ever buy that...but I can't afford it at that price. I'll give $1000 in cash, today.
...and he took it.
That was, if memory serves, about 2003.
Had a bit of cash crunch when I was laid off for about 6 months circa 2012 or so, and put up a few of my instruments at a high end consignment shop (but in a big city, with an actual instrument market). Even aftger their cut I ended up with about $1,350.