Everybody's dog-in it.
Yes I think High End audio sales are down across the board, dealers too. Most of us older guys have slowed down on switching gear like we used too, therefore we aren’t buying . After while we’ve heard so much and settled into what we know and like. Younger generation is not that interested in music so the Audio demand has fallen as well. I agree that this time of year is not the best time to sell. I expect it will pick back up somewhat in the near future. |
With real world inflation running about 12%, if it was calculated the way it was during Jimmy Carter's time, many people are putting unnecessary purchases on hold. I know I am. On the flip side, some would think that, "Hey, I'd better buy this or that before a price increase". As others note, many are dealing with the post-Christmas season headache of bills coming due, paying what seems like 35% more for groceries, watching gasoline increase again, and pointing a baleful eye towards tax season, wondering if it will be good or bad for them. Late Spring into Summer, when people have a better handle on finances, is more of a buying time. so hang on. |
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Prices being charged are too high. I've definitely noticed a pricing structure being used and they don't make sense. I've made offers at reasonable prices and they go unanswered. Recession coming in 2024 - may actually start in Q4 of this year. People are going to have alot of $$$ tied up in inventory so discounting isnt too far down the road. |
Since I started in this hobby 20 years ago, I can’t think of many times when there WASN’T people belly-aching about the economy (with the other consistency being how peoples’ predictions are usually wrong!) or how the seller’s market is supposedly dwindling. The reality is that audiogon is losing business to alternative sites, one in particular. And they did this to themselves with the large increase in fees. You need to look around if your gear is sitting stagnant, and also ask yourself honestly if your price is reasonable. Some of you guys are asking for used gear what many people get for near or less NEW with discounts. |
Not including the military or law enforcement, there are 1.21 guns for every man, woman and child in the USA. If it were any other product, one might assume a saturated market.
Did anyone NOT see inflation and supply chain woes triggering a supply/demand imbalance in 2020? It takes a while to work through the system, however, these things seem to correct in due course. I’m still waiting for some gear I ordered in the fall of 2021. Smart manufacturers and sellers price strategically…and there are many zombie listings on the ‘gon. In fact, there is an Audio Research ref5se preamp I made an offer on in 2019. I dont believe the seller still has the pre but it keeps auto-renewing.
Competition settles these moments…if we price something and it doesnt sell, we can always lower the price or choose not to sell it.
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The problem with blue book, at least when I had it years ago, is it seemed to average the prices over all time. Unfortunately, the vast majority of components drop steadily in market value as their release date ages. And given the nature of our market, there often isn't nearly enough sales data for a single model in a relevant "last 3 months" window. So blue book prices were usually well above actual "market" prices. Maybe I'm misremembering that, or it's changed. Anyways, there is little use for it today when you can check hifishark for recent SOLD listings. That should be your starting point. |
Everything slows down this time of year. In my former life years ago I was a carpet installer. January into Feb. was by far the slowest time of year. Nothing new. I think the pricing on used gear is off base for the most part. The local Craigslist has a fair amount of decent gear that just sits there - mostly McIntosh stuff priced way high, at least for me. Just saw a listing for a pair of Vandersteen 2 asking $800. I looked it up and they originally sold for $890.00. I know Vandersteen is desirable but WTH. |
Yes there is a slowdown across almost every sector (except free money for Ukraine and what it buys- politicians and military hardware). I have noticed something interesting: In October there were a number of good deals available (under 10K for a set of Ref 250SEs which I'm in the market for). I waited for sellers who needed money to sell in the 8s. (Dealers pay less than that for spec. purchases BTW) All of a sudden around Christmas there were 11 listings on HiFi Shark all looking for 15-18K ! I surmised that it was opportunistic sellers hoping to catch a Santa Clause rally. Now it's late January and lo and behold Ref 250s are back under 10K. Whoda thunk it? I expect more price reductions in older AR equipment for 3 reasons: 1) the new 150 Monoblocks are coming out and guys with no budget are lined up waving cash at ARC dealers. Many will trade in older high end pieces which will be sold off at a good number once the dealer gets sick of dead inventory. Before then expect stupid asking prices by dealers looking for the greater fool. 2) There is a global recession. It touches all but the very wealthy- the Billionaire class does not price shop for used audio gear. and; 3) Winter is the time we tend to listen to our systems the most. Once Mr. Sunshine warms up the land people spend more time outside and not in their listening rooms. |
I may be the only optimist logging in here, but I find after Black Friday and Christmas is a great time to buy because there is a bunch more on the market, after people get their new toys :-) Value, to me, is clarified if at least two people are selling similar items for competitive prices. I prefer to think I got an okay deal, than see I got a bad deal two months later when an similar item comes up for sale two months later, if you know what I mean. Used car prices seem to be going down, too. |