What determines the price of a guitar?

The price of a guitar is determined by several factors, including the quality of materials used, craftsmanship, brand reputation, and features such as pickups and hardware. Additionally, factors like the guitar's type (acoustic, electric, bass), age, and condition also play a significant role. Limited edition models or those with historical significance can command higher prices as well. Ultimately, the interplay of these factors influences both retail and resale values.