R8 Peach Deal

Twinfan · November 2018

I've posted it in the R9 thread previously - Dirty Lemon superflame top. In the middle in this pic:

roberty · November 2018

If you're into bling:

https://www.guitarguitar.co.uk/product/180319324509008-1329273--gibson-custom-shop-les-paul-custom-quilt-ocean-blue-gol

Chalky · November 2018

roberty said:

If you're into bling:

https://www.guitarguitar.co.uk/product/180319324509008-1329273--gibson-custom-shop-les-paul-custom-quilt-ocean-blue-gol

Looks like a Chibson

Chalky · November 2018

kelpbeds said:

danishbacon said:

Chalky said:

The story about "Ed and Henry" sounds daft but is irrelevant. They've just pumped "300 CS Reissues" into the market at £2.5k, which will depress the price from the previous higher price. It also means an extra 300 guitars moved into the secondhand market. The idea that their value will increase only holds if you believe in the economic equivalent of water running uphill.

They're only in the secondary market if they are actually in the secondary market. I'm sure that there are plenty that won't be sold on so soon.

A few pages back I think I made this point already. In 2015 Amazon dumped a bunch of Gibson's at cut rate prices. You know, the terrible ones with the ugly logo, spiritual LP hologram, robots, wide boards and brass nuts.

I paid £289 for a Les Paul Junior and regret not having bought 10. You can see more than a handful recent sold ones in the range of £400-500. Water does move uphill, it's called capillary action.

Considering that Gibson made 1000s of R's each year up to this point, 300 guitars is a drop in the bucket.

Totally agree with the above. This is short term as supply has increased. These R8s will settle with people, supply will drop (especially if Gibson change things at the CS) and prices will go up again.
If I had 20K lying about i'd buy a bunch of cheap R8s for sure and i'd make money.

You mean like if you were a shop and you'd stockpile them and sell at a higher price in the future and make loads of money and....

...why didn't Peach do that instead?

DrBob · November 2018

Chalky said:

kelpbeds said:

danishbacon said:

Chalky said:

The story about "Ed and Henry" sounds daft but is irrelevant. They've just pumped "300 CS Reissues" into the market at £2.5k, which will depress the price from the previous higher price. It also means an extra 300 guitars moved into the secondhand market. The idea that their value will increase only holds if you believe in the economic equivalent of water running uphill.

They're only in the secondary market if they are actually in the secondary market. I'm sure that there are plenty that won't be sold on so soon.

A few pages back I think I made this point already. In 2015 Amazon dumped a bunch of Gibson's at cut rate prices. You know, the terrible ones with the ugly logo, spiritual LP hologram, robots, wide boards and brass nuts.

I paid £289 for a Les Paul Junior and regret not having bought 10. You can see more than a handful recent sold ones in the range of £400-500. Water does move uphill, it's called capillary action.

Considering that Gibson made 1000s of R's each year up to this point, 300 guitars is a drop in the bucket.

Totally agree with the above. This is short term as supply has increased. These R8s will settle with people, supply will drop (especially if Gibson change things at the CS) and prices will go up again.
If I had 20K lying about i'd buy a bunch of cheap R8s for sure and i'd make money.

You mean like if you were a shop and you'd stockpile them and sell at a higher price in the future and make loads of money and....

...why didn't Peach do that instead?

Because they’re already making a profit (although possibly less so than usual) selling them at £2499 ?

stickyfiddle · November 2018

Also because running a business is about cashflow as well as profitability. Making £200 a time on 100+ £2499 guitars that sell as quickly as you can ship them is potentially much better than sitting on that asset and selling them slowly and making £500 profit per guitar but taking 2 years to sell them.

Chalky · November 2018

stickyfiddle said:

Also because running a business is about cashflow as well as profitability. Making £200 a time on 100+ £2499 guitars that sell as quickly as you can ship them is potentially much better than sitting on that asset and selling them slowly and making £500 profit per guitar but taking 2 years to sell them.

Ah right, so now your argument is that in 2 years time they will be selling new at £3k by Peach? If higher, then your £500 figure is wrong. So a £3k new price suggests £2k as the secondhand price. And in your example, the £3k is the maximum price, so prices could be lower, which would definitely put the secondhand price somewhere less than £2k.

stickyfiddle · November 2018

Chalky said:

stickyfiddle said:

Also because running a business is about cashflow as well as profitability. Making £200 a time on 100+ £2499 guitars that sell as quickly as you can ship them is potentially much better than sitting on that asset and selling them slowly and making £500 profit per guitar but taking 2 years to sell them.

Ah right, so now your argument is that in 2 years time they will be selling new at £3k by Peach? If higher, then your £500 figure is wrong. So a £3k new price suggests £2k as the secondhand price. And in your example, the £3k is the maximum price, so prices could be lower, which would definitely put the secondhand price somewhere less than £2k.

Honestly, I have no idea, but I wasn't making any argument about the used market either now or in the long term - that's way too subjective. It's clear that the current used value for a plain top R8 is clearly lower right now than it was at the start of the year, and that's probably anywhere between 1700-ish and 2300-ish depending on the appetite of both buyer and seller.

That will change again once the new Gibson management announces its future plans for the Historic line, and with time I'm sure the going rate for a plain topped R8 will be plenty over 2k again, in the same way that when there was a run of Thinline 72 Teles and AV65 Jags a few years ago you could get one of either for about 850, but now even a used one is back nearer to 1k.

hhawkins · November 2018

I think it’s only the gloss finishes that are on offer as opposed to the VOS finishes.

dbphoto · November 2018

Back on track, here is a photo of my R8 again:

I will of course be interested to see if there is a feeding frenzy for the new batch of gloss ones from Peach when they arrive, and the heated discussions when buyers want to sell them on.

JerkMoans · November 2018

PSA: just spotted in my Facebook feed - a used R8 just appears to have gone for £1650 on FleaBay

https://www.ebay.co.uk/itm/Gibson-Les-Paul-Standard-Custom-Shop-R8-1958-Reissue/153280918222

terada · November 2018

JerkMoans said:

PSA: just spotted in my Facebook feed - a used R8 just appears to have gone for £1650 on FleaBay

https://www.ebay.co.uk/itm/Gibson-Les-Paul-Standard-Custom-Shop-R8-1958-Reissue/153280918222

Bizarre, the description says it’s never been plugged into an amp. Hmmm

Ossyrocks · November 2018

JerkMoans said:

PSA: just spotted in my Facebook feed - a used R8 just appears to have gone for £1650 on FleaBay

https://www.ebay.co.uk/itm/Gibson-Les-Paul-Standard-Custom-Shop-R8-1958-Reissue/153280918222

2014 model too. Bargain!

DrBob · November 2018

terada said:

JerkMoans said:

PSA: just spotted in my Facebook feed - a used R8 just appears to have gone for £1650 on FleaBay

https://www.ebay.co.uk/itm/Gibson-Les-Paul-Standard-Custom-Shop-R8-1958-Reissue/153280918222

Bizarre, the description says it’s never been plugged into an amp. Hmmm

“Don’t even look at it”..

prlgmnr · November 2018

Finding their level, as I sagely predicted a few pages ago.

hyperben · November 2018

Wow. Glad I shifted mine when I did.

Hattigol · November 2018

Sold within 5 mins, by the looks of it.

That won't stop the dreamers saying that £1650 is all they're now worth.....yawn.

Whitecat · November 2018

You may say I’m a dreamer but I’m not the only one...

hyperben · November 2018

It also won’t stop the dreamers saying they’re worth £2400

Jonathanthomas83 · November 2018

FFS, this fucking forum.

dbphoto · November 2018

Couple of month old R0 listed at £2900 here:

https://www.gumtree.com/p/guitar-instrument/gibson-custom-shop-les-paul-standard-1960-figured-top-faded-tobacco-vos-/1315203906

Rabs · November 2018

Jonathanthomas83 said:

FFS, this fucking forum.

Not just this forum.. All guitar forums are like this, most are worse.

Twinfan · November 2018

dbphoto said:

Couple of month old R0 listed at £2900 here:

https://www.gumtree.com/p/guitar-instrument/gibson-custom-shop-les-paul-standard-1960-figured-top-faded-tobacco-vos-/1315203906

That's a shit top for an R9.

dbphoto · November 2018

Aye, it’s also a shit top for an R0 ;-)

Jonathanthomas83 · November 2018

Twinfan said:

dbphoto said:

Couple of month old R0 listed at £2900 here:

https://www.gumtree.com/p/guitar-instrument/gibson-custom-shop-les-paul-standard-1960-figured-top-faded-tobacco-vos-/1315203906

That's a shit top for an R9.

Looks glorious to me!

sweepy · November 2018

Not a huge fan of tobacco burst tbh, always looks a bit cheap and nasty

terada · November 2018

Frankly these prices seem completely normal. There's just been hundreds of historics dumped on the market, it would be weird if prices didn't drop.

For me todays prices are irrelevant, its all about how much they'll be in 5 years time.

hyperben · November 2018

That R0 top is pants

Jonathanthomas83 · November 2018

Plainer the better, IMO, there's too much figuring if anything. Don't even care if it wouldn't be historically accurate.

hyperben · November 2018

Yeh but you pay for the figuring on an R9/R0 so that guitar is a bit of a waste of money. It’s not really that there’s anything wrong with the top per se, only that for the R9/R0 price point it’s a pants flame top. That’s more like a typical subtle R8 flame top.

Howdy, Stranger!

Categories

In this Discussion

Become a Subscriber!

R8 Peach Deal

Comments