Buying flutes is one thing.
Investing in them quite another.
You very much need to distinguish between the two.
If buying a flute for your own use, you’d like a fair price – one in which it is subjectively decided you didn’t pay too much. Define “too much.” That amount that you cannot recover in any manner from a future sale.
Define “fair price.” That amount you should be able to recover – though not guaranteed – in a reasonable amount of time from a future sale.
Or it can be what you are willing to pay in order to acquire something. For instance, what you’re willing to pay for a boxwood Rudall as opposed to a basic one. Or, what you’re willing for a flute today that would normally take years to acquire from a waiting list.
Once you’ve had the flute, played it and enjoyed it, you’ve acquired the value of what you paid into it. That value is your judgment.
Investing is quite another matter, and that includes not only those who buy with the specific intent of reselling at a profit, but those who buy with the intent of being able to make a profit because they felt they got a “low” price rather than a “fair” one.
To that end, selling is a process that can take time – no different than the stock market. Buy low, sell high. Yet that can mean having to hold onto the flute for a very long time – one that would require you to tie up a large sum of cash.
Typically when someone is selling a flute it is because they have a financial need that requires attention. There is little opportunity to hold the flute for the desired price, something that can take months or years.
So then you deal with the opposing forces of “want” and “need” as it relates to the sale of a flute. Wanting to sell it leaves much room for the above-mentioned commodity of time. Needing to sell leave no room, and puts you in a lesser position.
All this is moot, of course, when it comes to some makers. A boxwood keyed Olwell recently sold for a very large amount of money compared to what you’d pay having waited for one. Would a boxwood Rudall have met the same fate? Perhaps, but not guaranteed that it would have.
Want a good flute? Then you go to the people you know sell good flutes.
Want a deal on a flute? Then you go to the places (eBay, etc) where you think you’ll acquire a deal on a flute…and know there’s no guarantee it’s a good one.
If you sell by one of those outlets, your expectations are to be tempered with the outlet you’ve chosen.