Selling tanks - How to determine fair prices?

OldRed1

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In love with my tanks but need to sell ahead of a move. Plan to get back into hobby in next 3 - 5 years, but brining the tanks with me in the short term is not feasible.

Many of these corals were purchased on R2R, but at the time, would have been individual polyps. Now, huge colonies have grown. How do I determine fair prices for colonies of these sizes? These are just nano tanks, so we're not talking huge corals here, but enough that it could give me some money to save for my future tank(s). :smiling-face-with-sunglasses:

Plan is to just sell the live stock, as I assume the hardware won't sell for much.

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OldRed1

OldRed1

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Nice looking nano! Best of luck with your move. I am pretty sure that I always sold my coral too cheap so I don't have any tips for liquidating.
If that's true, then without folks like you, it would have been impossible for folks like me to get into the hobby in the first place. Maybe there is some unintended wisdom there...
 

BristleWormHater

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Wow awesome tanks, I love your substrate and the aqua scape!!
There's obviously no concrete pricing for these but I would take the price of a frag then multiply it by how big the colony is.
I'm particularly interested in this coral (thats a bowerbanki, right?) PM me if you can ship to GA.
 

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vlangel

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If that's true, then without folks like you, it would have been impossible for folks like me to get into the hobby in the first place. Maybe there is some unintended wisdom there...
I also got my start in the hobby from such generous folks. So maybe what comes around goes around!
 

Lbrdsoxfan

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I also got my start in the hobby from such generous folks. So maybe what comes around goes around!
This. Also the market is flooded with tank tear downs (Just did one myself). Tank is worth at max .50 cents on the dollar. Coral prolly even less. I sold the livestock in bulk, firesold the tank to get it gone and gave away the coral.

It sucks, but good luck!
 

UMALUM

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Don't limit it to only cash deals. Years ago I traded a guy 2 ora colonies and a naso for a trek. Turned around and sold the trek for $3k. I think I read somewhere that less than 1% of Americans own a saltwater fish tank. Wanna take a guess how many own bikes, I pads, cell phones, tools ect?
 
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OldRed1

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For my 25 gallon I have:
Livestock
TypeNameSize (amount)NumberMarket PriceTotal
FishMocha Clownfish<6 in2$34.99$69.98
FishTailspot Blenny<6 in1$24.99$24.99
FishNeon Blue Goby<6 in1$49.99$49.99
InvertCleaner ShrimpLarge1$49.99$49.99
InvertPeppermint ShrimpLarge1$9.99$9.99
InvertCandy Cane Pistol ShrimpSmall1$39.99$39.99
InvertAssorted snailsNA10$1.99$19.90
CoralGreen Base Leather Toadstool1$49.99$49.99
CoralPurple Frilly Gorgonia1$24.99$24.99
CoralPurple Candelabra Sea Fan1$44.99$44.99
CoralCorky Sea Finger Gorgonian1$24.99$24.99
CoralPink Zipper Zoanthids (12+)Colony1$199.99$199.99
AnemoneRose Bubble Tip AnemoneLarge1$49.99$49.99
RockLive Rock25 lbs25$9.99$249.75
Equipment
TankWaterbox Peninsula Mini 25 gallon (w/ UNS P90 stand and Kraken Lid) 1$499.99$499.99
Heater System100W Titanium Aquarium Heater System (w/ Ink Bird)1$79.99$79.99
Heater100W Titanium Heater Element1$39.99$39.99
PowerheadNero 31$74.99$74.99
ATO SystemSmart ATO Nano - AutoAqua (Used)1$49.99$49.99
Lighting SystemPrime 16 HD LED Reef Light - Black Body - Aqua Illumination (Used)1$99.99$99.99
Lighting SystemPrime Flex Arm - 12 Inch - Aqua Illumination1$24.99$24.99
Lighting System3D Reefing AI Prime 16HD Difuser (3D Reefing)1$24.99$24.99
Testing EquipmentRefractometer w/ calibration solution (Bulk Reef Supply)1$19.99$19.99
Return PumpSyncra Silent 1.0 Pump -- Sicce (Bulk Reef Supply)1$24.99$24.99
Protein SkimmerMiniQ Nano Internal Protein Skimmer
Total$1,849.42

And for the 9 gallon I have
Livestock
TypeNameSize (amount)NumberMarket PriceTotal
CoralHoly Grail MicromussaColony1$349.99$349.99
CoralLA Lakers zoaColony1$399.99$399.99
CoralScrambled Eggs zoaColony1$399.99$399.99
CoralGoblins Fire zoaColony1$124.99$124.99
CoralFire & Ice ZoaColony179.9979.99
CoralMystery zoaColony10
CoralMystery zoa 2Colony10
CoralPink Flamingo LeptoserisColony1$99.99$99.99
Coral24k LeptoserisFrag1$39.99$39.99
CoralMeteor Shower CyphastreaFrag1$39.99$39.99
CoralBranching Rose Gold HammerFrag1$79.99$79.99
CoralGreen Branching HammerFrag1$79.99$79.99
CoralOrange Ricordea MushroomFrag3$54.99$164.97
CoralGreen SlimerFrag1$49.99$49.99
CoralPulsing XeniaColony1$24.99$24.99
CoralGreen Star PolypColony1$34.99$34.99
RockLive Rock7 lbs7$9.99$69.93
Equipment
TankUNS 45U w/ stand, hang-on-back filter, ink bird heating system9 gallon1$199.99$199.99
Lighting SystemPrime 16 HD LED Reef Light - Black Body - Aqua Illumination (Used)1$99.99$99.99
ATO SystemSmart ATO Nano - AutoAqua (Used)1$49.99$49.99
Total$2,389.74

If I put a 30% discount on this, it works out to be $2,900. Do you think that is fair?
 

Reeferbadness

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For my 25 gallon I have:
Livestock
TypeNameSize (amount)NumberMarket PriceTotal
FishMocha Clownfish<6 in2$34.99$69.98
FishTailspot Blenny<6 in1$24.99$24.99
FishNeon Blue Goby<6 in1$49.99$49.99
InvertCleaner ShrimpLarge1$49.99$49.99
InvertPeppermint ShrimpLarge1$9.99$9.99
InvertCandy Cane Pistol ShrimpSmall1$39.99$39.99
InvertAssorted snailsNA10$1.99$19.90
CoralGreen Base Leather Toadstool1$49.99$49.99
CoralPurple Frilly Gorgonia1$24.99$24.99
CoralPurple Candelabra Sea Fan1$44.99$44.99
CoralCorky Sea Finger Gorgonian1$24.99$24.99
CoralPink Zipper Zoanthids (12+)Colony1$199.99$199.99
AnemoneRose Bubble Tip AnemoneLarge1$49.99$49.99
RockLive Rock25 lbs25$9.99$249.75
Equipment
TankWaterbox Peninsula Mini 25 gallon (w/ UNS P90 stand and Kraken Lid)1$499.99$499.99
Heater System100W Titanium Aquarium Heater System (w/ Ink Bird)1$79.99$79.99
Heater100W Titanium Heater Element1$39.99$39.99
PowerheadNero 31$74.99$74.99
ATO SystemSmart ATO Nano - AutoAqua (Used)1$49.99$49.99
Lighting SystemPrime 16 HD LED Reef Light - Black Body - Aqua Illumination (Used)1$99.99$99.99
Lighting SystemPrime Flex Arm - 12 Inch - Aqua Illumination1$24.99$24.99
Lighting System3D Reefing AI Prime 16HD Difuser (3D Reefing)1$24.99$24.99
Testing EquipmentRefractometer w/ calibration solution (Bulk Reef Supply)1$19.99$19.99
Return PumpSyncra Silent 1.0 Pump -- Sicce (Bulk Reef Supply)1$24.99$24.99
Protein SkimmerMiniQ Nano Internal Protein Skimmer
Total$1,849.42

And for the 9 gallon I have
Livestock
TypeNameSize (amount)NumberMarket PriceTotal
CoralHoly Grail MicromussaColony1$349.99$349.99
CoralLA Lakers zoaColony1$399.99$399.99
CoralScrambled Eggs zoaColony1$399.99$399.99
CoralGoblins Fire zoaColony1$124.99$124.99
CoralFire & Ice ZoaColony179.9979.99
CoralMystery zoaColony10
CoralMystery zoa 2Colony10
CoralPink Flamingo LeptoserisColony1$99.99$99.99
Coral24k LeptoserisFrag1$39.99$39.99
CoralMeteor Shower CyphastreaFrag1$39.99$39.99
CoralBranching Rose Gold HammerFrag1$79.99$79.99
CoralGreen Branching HammerFrag1$79.99$79.99
CoralOrange Ricordea MushroomFrag3$54.99$164.97
CoralGreen SlimerFrag1$49.99$49.99
CoralPulsing XeniaColony1$24.99$24.99
CoralGreen Star PolypColony1$34.99$34.99
RockLive Rock7 lbs7$9.99$69.93
Equipment
TankUNS 45U w/ stand, hang-on-back filter, ink bird heating system9 gallon1$199.99$199.99
Lighting SystemPrime 16 HD LED Reef Light - Black Body - Aqua Illumination (Used)1$99.99$99.99
ATO SystemSmart ATO Nano - AutoAqua (Used)1$49.99$49.99
Total$2,389.74

If I put a 30% discount on this, it works out to be $2,900. Do you think that is fair?
50% on the dollar at best…. More likely 30% and I’d consider it lucky to sell it all. Dems the economics of used hardware. U can try ur LFS for coral colonies but u would also be looking at a steep discount to actual value
 

HAVE YOU EVER KEPT A RARE/UNCOMMON FISH, CORAL, OR INVERT? SHOW IT OFF IN THE THREAD!

  • Yes!

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  • Not yet, but I have one that I want to buy in mind!

    Votes: 9 12.9%
  • No.

    Votes: 26 37.1%
  • Other (please explain).

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