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4001 prices

Posted: Thu Mar 29, 2007 3:42 am
by captsandwich
Is it just me, or are the asking prices for 4001's going a little bit silly? 3 music stores in town have 4001's in varying conditions. All are in the $2400-2500 (Canadian) range. A month or two ago I thought anything over 1800-2000 was really reaching. Why the sudden explosion? Is it local or do you guys see the same thing?

Posted: Thu Mar 29, 2007 4:52 am
by 8mileshigh
I see the same - not just with 4001's - but all Rics. There are very few bargains out there now. A year ago I could find rare stuff at good prices..........those days are gone for good, I feel. Even the regular models are going up and up in price.

Posted: Thu Mar 29, 2007 5:12 am
by jwilli
Graham, thats because you bought them all. :-)

Posted: Thu Mar 29, 2007 5:15 am
by 8mileshigh
LOL!! Image

Posted: Thu Mar 29, 2007 5:58 am
by bitzerguy
Greg, the three I had seen in and around Montreal shops were tagged at $2800 to $3100. And they have all sold. A 1973 JG was listed here privately for $5000 or trade for an early 60's LP. Not sure if he sold it, the listing is gone though.

...Dean

Posted: Thu Mar 29, 2007 6:04 am
by elysrand
Dean, I too think that those prices are a bit high, even given the bump in prices recently. But the early 70s basses, particularly 4001 with CB and FW inlays, were actually underpriced during the last three years IMHO, and the prices are now catching up.

I am certain that, despite the high prices that I have seen in buying select guitars and basses recently, the prices right now are not the peak of a bubble, and they will continue to increase and stay high for these years from now on.

Posted: Thu Mar 29, 2007 6:35 am
by captsandwich
Elys,
Dean is from Quebec, so normal rules do not apply. All guitars there seem to be inflated 15-20% minimum from what I've seen. They think they're European, so they charge European prices. ;)
The thing is, of the 3 guitars I listed, I know 2 of them are pretty bad cosmetically (although 1 of them does play nicely). I thought I overpaid for my 330 last year when I spent $1199 for a mint guitar. Looks like I did OK.

Posted: Thu Mar 29, 2007 6:57 am
by 8mileshigh
So what's the going rate on an October '73 with high gain, not full width inlays - but checkered binding - in JG ?

Posted: Thu Mar 29, 2007 7:09 am
by jsm610
I'd guess $2,500ish give or take $500.
Image

Posted: Thu Mar 29, 2007 7:17 am
by 8mileshigh
So if I see one for $1600 - I should buy it? Image

Posted: Thu Mar 29, 2007 7:22 am
by jsm610
No, pass on it.

Better yet, offer them $1500.

Image

Posted: Thu Mar 29, 2007 7:23 am
by 8mileshigh
Ahhh....... you know me too well Image

Posted: Thu Mar 29, 2007 7:48 am
by elysrand
Graham, I found a July 1973 JG for $1225 a couple of months ago:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=290075052254

Posted: Thu Mar 29, 2007 9:49 am
by 8mileshigh
Thanks Elys.......the one I saw was in a similar condition.

Posted: Thu Mar 29, 2007 12:29 pm
by winston
I bought my 4001 for $700.00 CDN a few months ago. I realise that I got one heck of a deal.

I have noticed a few on ebay since, that sold for 3 to 4 times what I bought mine for. What on earth is driving their value up so high?