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I have not sold a banjo of this type for quite a while. Could some of you check my ad and see if the price seems reasonable or if I need to modify it? I'm not sure if I may be high?
banjohangout.org/classified/115005
You may have issues because people will pay that kind of money for: (1) A brand name; or (2) a particularly good sound and feel. I would be hesitant to send $2,500 for a banjo I have not even heard. Can you post some quality sound samples?
In the end, all banjos are "parts banjos." But the market wants what it wants. And someone concerned about resale value will have to deal with the same issues. I have seen lots of parts banjos posted for probably less than the cost of the parts. And the sum of all good parts is not always a good banjo. So your price might be a bargain for someone who cares more about feel and sound than name brand. But he or she has nothing to go on at this point.
quote:
Originally posted by BoneDiggerThanks everyone for the replies. What would be a good asking price here I want someone to feel like they got a,good deal but I also don't want to just give it away?
While I agree you're asking top dollar for a home-built banjo, I'd say maybe give it a while before you lower the price. You might as well give the ad a chance to work.
That being said, my gut feel is non-factory, unknown maker, banjos are a tough sell over $2,000 no matter how good the parts, assembly, playability and sound. But I could be wrong, which is why I say wait at least a bit.
I'm sitting on a parts banjo that includes several genuine Gibson parts that I can't decide whether to sell as a whole banjo or part out. So I have more than a casual interest in how or whether your banjo sells.
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