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Thursday, June 13, 2024

Introducing reSound: The Innovative Marketplace for Refurbished Musical Instruments

We are delighted to unveil reSound, the next-generation marketplace for refurbished and pre-owned musical instruments and audio equipment. reSound is revolutionising the way retailers and musicians buy and sell high-quality pre-owned equipment as an alternative to new, while championing sustainability.

We have joined forces with eight prominent retailers and refurbishers who, through their dedicated stores within the marketplace, will provide a diverse array of products—from guitars to synthesisers and audio equipment—all supported by rigorous refurbishment processes, quality assurance, warranties, and authenticity checks. This initiative prolongs the lifecycle of these products and significantly mitigates the environmental impact of manufacturing new products.

The global musical instruments market in 2024 is anticipated to be valued at $47 billion. This burgeoning market is seeing a rising demand for refurbished and pre-owned instruments, which often gain value and improve with age. Highlighting this potential, one leading marketplace’s second-hand section is recording a 50% year-on-year growth, achieving $800 million in gross merchandise sales.

“Our vision is to create the next-gen intelligent marketplace, to redefine how we buy and sell musical instruments, making great musical instruments available and affordable to empower musicians, young and old, to find their sound and inspiration to create music that sets the world in motion,” stated Evan Michaels, CEO of reSound.

reSound, with its upcoming advanced AI-powered tools, is crafting the next-gen marketplace experience, offering unmatched competitive market analysis, advanced instrument authenticity verification, and pricing insights, ensuring buyers have the confidence they are purchasing authentic gear at a fair, market-verified price.

“reSound is the platform retailers have been crying out for,” remarked Lee Alexander, CRO of reSound. “We offer a dedicated space for retailers to directly connect with a passionate community of musicians and audio enthusiasts. Our platform allows retailers not only to sell their pre-owned items but also to purchase directly from reSound members, creating a new channel for pre-owned stock acquisition. For any retailer aiming to expand in today’s competitive market, joining reSound isn’t just an option—it’s essential.”

To further enhance the seller and buyer experience, only selected retail partners who meet our high standards for quality and service are eligible to list and sell items. Once selected, retailers can list and sell on reSound without the burden of hefty fees and hidden charges.

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