But what is your guitar really worth? Check out these 4 factors:
Condition: A mint-condition instrument that includes its original case and parts commands top dollar. Any modifications or repairs, even those expertly performed, will likely reduce the value. The value drops off sharply for guitars rated in “good” or “fair” condition.
Rarity/Demand: These two factors often go hand-in-hand. As mentioned above, however, there are many specialty collectors willing to pay more for a less in-demand guitar if it fills a missing spot in their collection.
Age: While an older guitar will generally command a greater value than a newer one, there are many model-specific exceptions. Consulting price guides and checking the prices of similar models will help zero in on a value.
Memorabilia/provenance value: Instruments owned by notable players or those having other historic interest will bring in top prices. For example, charred Stratocasters that Jimi Hendrix immolated onstage have sold for hundreds of thousands of dollars.