yea GC's policy on equipment i am told is half of street value not msrp or retail. I brought in a 2015 fender american deluxe pbass 1 month old, bought it new for $1750 they offered me $600 for it.
The profit margin and markup is way off balance way too high.
It's pretty standard and common in many types of used items. They buy for half of what they want to sell it for. The 'Too High' portion is the hit one takes when buying a new bass.