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How can I track the current market value of my used musical instruments?

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Answered by Roadie

Track recent sold prices for comparable instruments, then use current asking prices and weekly used-deal lists as supporting evidence. Keep a dated record so you can spot changes rather than relying on a single listing.

Use a used-gear marketplace with sold-listing filters, where available, and save searches for your exact model. Compare instruments with similar age, condition, originality and included accessories, preferably in your own region and currency. Completed sales are usually stronger evidence of market value than unsold asking prices.

Keep a simple spreadsheet recording the date, condition, sale price and delivery costs for each comparable instrument. Review it monthly, or weekly if you plan to sell soon, and look for a typical range rather than treating the highest or lowest result as representative.

Weekly curated lists such as Top 10 best-value used electric guitars and Best-value used synthesizers can help you monitor competitive asking prices. Treat these as deal snapshots, not valuations: your likely selling price will still depend on condition, local demand and selling costs.

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Sources

This answer is based on MyGear's own catalogue, price and list data on these pages:

  1. Check out this gear: Top 10 best-value used electric guitars
  2. Check out this gear: Best-value used synthesizers

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