Question for Ric Collectors

groucho · #1 03-05-2013, 08:43 PM

I have a 2006 Midnight Blue 4003, and now I am lusting after a
2008 Blue burst 4003 fretless (it's been on and off ebay a few times from the same seller - seems deals fell through and he relisted?)

The prices seems high but then I do not know the "collectors market" as it were.. Is a mint 2008 fretless 4003 in Blue Burst
worth $2700 ?

I know some will say "if it is to you " but I am asking about it
as a general objective thing. A good friend and owner of several Rics told me you can see all sorts of crazy prices asked for on ebay - doesn't mean they ever get that!

I offered him 2100 and got turned down, so I know he is
not itching to sell fast.

Does a rare color add that much to the value?

Jeff Scott · #2 03-05-2013, 09:26 PM

I don't think it's worth half that asking price (well, maybe a little more than half, anyway). Just because it is a COY and fretless does not make it a high dollar collectible instrument. Unless, you think so.

Zentner · #3 03-05-2013, 11:11 PM

I agree. There are very few rics from the last 10 years worth over $2500 IMO. Blueburst was a rare color, but not the most desirable of the rare colors, and certainly not a good investment at $2700 if you ask me.

groucho · #4 03-05-2013, 11:14 PM

Thanks dudes!
I heard from an old friend today whom I emailed - he runs the guitar section of a major store in the area and he told me the blue book value is only 1800 and not to pay more than 2100. Pretty much confirms what you all said.
May go up to 2200 and walk...I L O V E that color !!!

ScottTunes · #5 03-06-2013, 05:23 AM

Make him another offer for $1900 and mention that that is more than bluebook...

I'd hold out, and not cave. $2700 seems ridiculously high to me... Even for a v63 or c64 in Midnight Blue, and those 2 would qualify as "specialty" basses, and should fetch more $$$.

armybass · #6 03-06-2013, 06:25 AM

AND..... from my experience.... fretless models are far less able to command those prices being that to many bass players... a fretless bass is not a useful tool. So you have put a sizable cut into the numbers of folks who will find the bass both desirable and useful/practical. But if he is in no hurry to sell and is targeting Ric collectors he may sit on that price as long as he wants till the right buyer comes along.

smcd · #7 03-06-2013, 07:20 AM

Quote:

Originally Posted by groucho

I offered him 2100 and got turned down

Lucky you. I don't care what color it is, that bass is overpriced at $2,100. At $2,700 it's insanely overpriced.

mac94 · #8 03-06-2013, 07:27 AM

Quote:

Originally Posted by groucho

Thanks dudes!
I heard from an old friend today whom I emailed - he runs the guitar section of a major store in the area and he told me the blue book value is only 1800 and not to pay more than 2100. Pretty much confirms what you all said.
May go up to 2200 and walk...I L O V E that color !!!

Even 1700 is to much imho.

**BoomBoomOGTL** · #9 03-06-2013, 10:08 AM

Are you buying it as an invesment or to enjoy? Will it make you happy? If you can afford it and it truly is a dream bass, spending a few hundred $$ more than the mob believes it's 'worth' would not be a big deal to me.

I'd rather own a bass I can play and enjoy rather than spending all my time trying to buy for bottom dollar and antagonizing over it. Just my opinion of course....

Alex1984 · #10 03-06-2013, 11:06 AM

Wow. And someone else is asking for $4000 for the fretted blueburst RIC bass.

Ricktone · #11 03-06-2013, 12:49 PM

Wow, Does that mean my COY Burgundy 4003 is worth 4 grand?

Webtroll · #12 03-06-2013, 01:20 PM

They're hoping to cash in on someone's tax return check maybe?

ko stradivarius · #13 03-06-2013, 01:37 PM

Quote:

Originally Posted by Alex1984

Wow. And someone else is asking for $4000 for the fretted blueburst RIC bass.

That is just insane. Some dummy will eventually pay it $3000 and think they got a steal.

AtomicPunk · #14 03-06-2013, 01:42 PM

I owned one and got it new. I think it was $1800 new. I hated it. It felt very "plastic" compared to my vintage Rickenbackers. The tone was not the same either. I had a 2006 since then and felt the same about it. Just not my thing.

Bongolation · #15 03-06-2013, 02:21 PM

The asking prices of used Rickenbackers is one of the most truly insane things I have ever seen in this business.

PaulBoyer · #16 03-06-2013, 02:46 PM

Asking prices are one thing, reality is another. Informed shoppers realize they can get a brand new one for $1600 street with full warranty (if bought new from a RIC dealer).

That said, there are some combinations of color and features that do attain higher prices from collectors or the "money is no object" set. Personally, I spent 3.5Gs on a Sea Green 4003 back at the height of market values (pre-recession). At that point, I had the money, wanted it bad, and it's one of the rarest of the colors. I doubt that I could recoup my investment now or in the future so I'll probably keep it forever. I've also spent as little as $500 for an almost new 4003, so things have a way of balancing out.

Blueburst was one of the most popular of RIC's Color of the Year program and are not exactly rare. Fretless are few and far between, though, in any color. This seller is assuming that the COY and FL double up the rarity and therefore the value, but he doesn't seem to realize that there are very few people looking for a Blueburst FL. But then it takes only one with a full pocket.

Jeff Scott · #17 03-06-2013, 08:15 PM

Quote:

Originally Posted by Bongolation

The asking prices of used Rickenbackers is one of the most truly insane things I have ever seen in this business.

Have you checked out the asking prices of used Fenders or Martins, for example?

groucho · #18 03-07-2013, 04:32 AM

Some of the COY Rics have sold way high on Ebay over the past few months (looking at closed auctions) I got a stupid good deal on my 2006 4003 Midnight Blue but i wanted the Blue Burst ! Ric refused to sell me one - called them early 2006 and they said "oh yes we are still making BBs will be for almost A YEAR to fill back orders" "no, sorry we won't take your order" (!) So I took the Midnight Blue my friend had coming in.... I am not a collector as such , have 12 basses but only a few collectables (1977 Guild B301, 1967 Hagstrom 8 string, 1978 Fender Fretless P Bass, and the Ric ^_^) I just still jones for that color but when you spend several grand for a bass can you really use it? Or do you just look at it and polish it? I have a beater P/J Fender with a Mighty Mite neck that I play the hell out of, cause dents and dings and club grunge don't matter on that plank.

PaulBoyer · #19 03-07-2013, 06:29 AM

The hitch with RIC's "Color of the Year" program (2000-2006 officially) was that you would have to have your RIC dealer order during the calendar year. Blueburst was the 2005 COY, and I ordered a 4004Cii late in 2005 from North Coast. Some of the larger RIC retailers ordered dozens of each model in anticipation that they would have buyers sign up for them. You would have had to find a retailer that still had one unspoken for. In my case, RIC was making 4004 models in large batches spread out by many months, and it was late 2008 before they got to making most of the Blueburst 4004 models that had been back ordered. I received my Cii January 2009.

Kingbreaker · #20 03-07-2013, 07:44 AM

Quote:

Originally Posted by PaulBoyer

The hitch with RIC's "Color of the Year" program (2000-2006 officially) was that you would have to have your RIC dealer order during the calendar year. Blueburst was the 2005 COY, and I ordered a 4004Cii late in 2005 from North Coast. Some of the larger RIC retailers ordered dozens of each model in anticipation that they would have buyers sign up for them. You would have had to find a retailer that still had one unspoken for. In my case, RIC was making 4004 models in large batches spread out by many months, and it was late 2008 before they got to making most of the Blueburst 4004 models that had been back ordered. I received my Cii January 2009.

If anyone cares, I believe Apple Music in Portland has a blueburst 4004cii (IE, a modern model) still in stock. Also, Olivia's vintage has a blueburst 4004 laredo.

You know you're obsessed when you can recall the inventories of online stores from memory :/