Hi people,
I have an old, used electric motor. I want to sell it, but i'm not sure how much money to ask for it?
I want to sell it on the flea market. Please, tell me is there any sense to go there? And how to decide with the price? thanks
Honestly, this is a really hard question. Depends on who sees it and where.
If it still runs, then note a lot of people will wonder what state it is in - some people may pay depending on what they know or use if for.
I've sold water-cooled hand-held diamond granite counter grinders for $4000 in person to a knowledgeable granite/marble dealer, and never was able to obtain a higher bid than $500-$700 from counter top installers for the same grinder on Craigslist. I suspect that motor will suffer the same fate.
On the flea market it's anybody's guess. Flea market collectors may see something they like as a name or an irreplaceable part for something else, but others will offer peanuts for it if they want to take it apart.
I've sold a lot of power tools and power tool parts on Craigslist years ago as part of a bankruptcy liquidation for my family's business. A rule of thumb for non-collectible tools and power tools on Craigslist is that anything in new pristine condition will never go for more than 75% of the new item value, and in used but good working condition it will go for 50%, and less if it's well worn or non-working.
If the motor was an antique collectible, then it could potentially fetch a much better price.
