• TalkBass has been independent since 1998. Add your voice.
    Create a free account to reply to discussions, view embedded media, and browse with fewer display ads.
    Join freeLog in
    Want zero display ads or expanded classifieds tools? Compare plans.

Price Distribution: TB Classifieds

bassRunner

Guest
Aug 10, 2012
175
36
39
Urbana, IL
As a data science exercise for myself, I've written some code to collect the pricing data on used basses in the classifieds. By eye, it always seemed to me that there are far more high end/boutique instruments for sale than MIM Fenders for example. I wanted to see if this is actually true, and if so, try to understand why this might be. I would expect in the unused market, basses at the price range of a MIM Fender are more prevalent than those in the price range of an American Sting Ray.

Below is the distribution of prices of used basses in the talkbass classifieds; the bin size is $200. From the histogram, we see that there are more basses in the used MMSR price range ($1000-$1200) than in the used MIM range ($200-$400). The bin with the most basses is $600-$800, and the median price is around what a used MIA Fender would go for (depending on year).

I've never sold a bass on tb or anywhere else, but I've purchased two used online, a MIM Jazz ($350) and a Carvin LB75 ($660). At some point, the cost of shipping and a supporting membership subscription prohibits the online sale of low price basses. Do MIM Fenders fall in this category?

Caveats:
1) I only include basses with prices listed in the thread link under the new classified posting format. So basses posted earlier than when TB was updated are not included. And if you listed something other than a price under the "Price:" column (someone listed their price as "Incredible" :rollno:) your bass isn't included.
2) I've only used data from the first 15 pages of the classified section.
3) With time, I'll have higher number statistics as the site was only recently updated to list the prices in the thread link. If folks are interested, I'll try and keep this updated on a monthly basis and perhaps some seasonal variations will reveal themselves.


prices_05_03_2014.png


If anyone has further interest in my methodology, I can give you details. For now, I thought I'd share what I found, and see what you had to say.
 
I agree with your assessment on low priced basses; there's not a lot of profit to be made, or much of a bargain to be had when shipping is $50 - $80.

If I had to guess most folks dump stuff in the MIM or below range on the local Craigslist (and it's alternatives.)

Reciprocally, it seems like anything above about $600 or so on Craigslist can often sit for a while. Exceptions happen when something is HEAVILY discounted, but even then things can sit. Therefore it would make a lot of sense that anything more than $600 or so would end up here.

Just my two cents, but it's interesting to see the data modeled regardless. Great work!
 
I think the reason that more high-end/boutique basses are found in the TB Classifieds is that people are more willing to pay for shipping for a more expensive bass.

Also, sellers know that they'll probably have a better chance of finding someone who wants to buy their more expensive bass on a forum dedicated to basses, their players, and other related gear.

You're right. There's more high-end/boutique gear here. Go on your local craigslist though and the majority of basses are in the sub $500 range.
 
Tbz has another good point...

I've sold several basses on the local classifieds. The cheaper ones went quicker with less hassle. The one that I listed at $850 sat forever. It went through several price reductions, and in the meantime had to deal with dozens of email of people offering me less than $500.

At the end of the day, I sold it for more than $500, but would I have made much more than if I had sold here after shipping, subscription, etc? Maybe not... But I would have known the people interested would have been more serious, and the sale would have happened quicker with less hassle.
 
The Craigslist point is very interesting. The thing about Craigslist is it's region dependent. If you live in a big city, there are way more potential buyers, and also potential rival sellers. I live in central Illinois and the bass listings in general on Craigslist in my region are pretty sparse; up in Chicago, I know it's a different story. So the tb classifieds offer a level playing field in terms of number of buyers, whether you live in a big city or a small, rural town.
 
I have less shipping boxes then I do basses and no desire to rummage around for more boxes thus I way rather move my $500+ gear here and my under $500 stuff on CL. The lowest shipping I have found for a bass is USPS , it takes a week and has no insurance and thats $35. If you sell a MIM Fender here for $350 and get dinged that and paypal fee's you are walking away with 289.55. You have to use one of your boxes, spend gas to get to the post office, time to ship it and then you may have the buyer get it and be unhappy with it when instead I can just let it sit on CL tell I get $300 for it.

The more expensive a bass the more worthwhile it is for me to ship and you may find a buyer online willing to pay more. That said any complete bass I have for sale here is going to be post on CL and 50% of the time it moves on craigslist before here and I simply delete my ad here.
 
Don't forget ... many of the high end and 'boutique' pieces that you see advertised here on TB wont even be known to the 'general' public ... anytime you have higher end gear of any sort to sell, you take it to the place where it is not only recognized, but more likely to be appreciated and potentially purchased by a larger audience of educated folk in that genre ... TB is that place when it comes to bass gear ... it is amazing how many folk out there (general public) that think a MIA Fender is THE top level bass instrument made, as that is likely what they see hanging on the top row of their local shop ... after being at this for a while, it became obvious how few folks are actually aware of what they have that they are trying to sell, and its accurate value ... they rely on their local 'shop' as the authority, or they guy down the block that used to play in a band when he was in high school to tell them what they have, or what to get ...

.. also, many of the sales that take place here on TB are components ... probably more components are sold in ratio to complete basses, which can be very misleading to any graphing done solely by 'basses' sold ... much of the lower end gear is sold that way to move the item, and minimize shipping impact, and maximize $$ return ... JMHO's
 
Last edited:
... also, many of the sales that take place here on TB are components ... probably more components are sold in ratio to complete basses, which can be very misleading to any graphing done solely by 'basses' sold ... much of the lower end gear is sold that way to move the item, and minimize shipping impact, and maximize $$ return ... JMHO's

Excellent point. I did not even think of that. Unfortunately, trying to account for components adds a level of sophistication that at this point, I'm unable to handle. The data mining would be harder because you'd need to sort component types (the only data I collect is the price itself). Then you'd need some metric to translate components into basses. Certainly my analysis is "first order" at best, but maybe even that's generous.
 
Wow, impressive work. I second the monthly updates! I think the median price of $987.5 is due to all the good deals being on CL.

... not really in agreement on that one ... many of the ads I see on my 'local' Craigslists are often higher priced than what you would see for a comparable item here on TB ... much to do I believe with the things I mentioned on an earlier post, combined with the fact that if it was purchased locally brand new by the seller, they probably paid a higher price for the item than had they used an 'online' seller such as MF, etc ... also, they are likely to look up the 'list' price for a current similar item, and then list 'slightly' less, often times near what the item can be purchased for online 'with discounts' ...

... everything I have sold on TB has been a VERY good deal for the buyer ... I sell things at a price at or LESS then I would list them for on CL, and then I often just eat the shipping and PP, simply because I prefer to deal with a more informed buyer ...

.. with your statement, by 'good deals' you mean lower $$/value items, I would agree ... but there have been many VERY good buys here on TB, and in most cases a lot better buyer/seller knowledge and accurate disclosure ... not much is going to get past the crew here on TB if something 'fishy' is posted ... I can't say the same for CL ...

JMHO's ...
 
Damn I wish I had spare time like the OP......:smug:

I think everyone has nailed it with the pricepoint of TB Vs CL. With shipping/paypal fees and such it's easier to sell a less expensive bass on CL. Although the one bass I've picked up on TB was $550 shipped.
 
Damn I wish I had spare time like the OP......:smug:

I take this to mean you are interested in my methodology :smug:

The code to collect this data from the html versions of the classified pages and to generate the plot is less than 100 lines of python. Now that the code is written, it only takes a few seconds to run whenever I wish to collect the data again in the future.