How Much is a bongo worth?

Hey guys,
I recently had for sale a vintage Valje "concert" model bongo. It really was in excellent condition and all original. Anyways, I posted it here and got a few nibbles, I was willing to sell it to forum members for $500. I would have wheeled and dealed a bit for sure. I had gotten the bongo in a trade from a forum member and $500 would have given me a good profit.
I know that is the price of a new bongo, but unlike other claims this bongo really is rare and very collectable, also it was in almost new condition.
I put it up for sale on my blog and Ebay. I got an offer for $400 which I declined.
So it was a no reserve, no "buy it now" auction, just a straight up bidding auction with an opening bid of .99 cents. The first day the price went to $280.
I had done my research and these kinds of auctions statistically get the best action and highest prices.
The bongo eventually sold for $675! A pretty good price.
Now I'm quite thrifty and have owned some nice drums. I'm a player not a collector and I'm always looking for deals. I knew the drum had value, but I was willing to let the market tell me how much the drum was worth. I personally would not pay that much for a bongo, but I don't collect, some people do and I'm happy for them. They preserve drum history. I do think the bongo was actually worth the price.
I'm writing this as a kind of reaction to some of those auctions where people start a price for a pair of Gon Bops at $3,000 and such, ridiculous! Inflated prices hurt everybody, buyers and sellers.
I recently had for sale a vintage Valje "concert" model bongo. It really was in excellent condition and all original. Anyways, I posted it here and got a few nibbles, I was willing to sell it to forum members for $500. I would have wheeled and dealed a bit for sure. I had gotten the bongo in a trade from a forum member and $500 would have given me a good profit.
I know that is the price of a new bongo, but unlike other claims this bongo really is rare and very collectable, also it was in almost new condition.
I put it up for sale on my blog and Ebay. I got an offer for $400 which I declined.
So it was a no reserve, no "buy it now" auction, just a straight up bidding auction with an opening bid of .99 cents. The first day the price went to $280.
I had done my research and these kinds of auctions statistically get the best action and highest prices.
The bongo eventually sold for $675! A pretty good price.
Now I'm quite thrifty and have owned some nice drums. I'm a player not a collector and I'm always looking for deals. I knew the drum had value, but I was willing to let the market tell me how much the drum was worth. I personally would not pay that much for a bongo, but I don't collect, some people do and I'm happy for them. They preserve drum history. I do think the bongo was actually worth the price.
I'm writing this as a kind of reaction to some of those auctions where people start a price for a pair of Gon Bops at $3,000 and such, ridiculous! Inflated prices hurt everybody, buyers and sellers.