The great high end store Excalibur in Alexandria Va closed around 1986. Among other things they had the big dog Infinity Reference System in the large room and the then new Martín Logans in one of upstairs rooms. Since then the high end has been like a wounded wildebeest running through the Kalaharii. Know one knows for sure how long he’s going to keep on going. The recent economic depression could not have been very encouraging for anyone with aspirations of making a big splash in the high end. Can you say downsize?
High End is Dead?
Browsing used audio sites such as Audiogon and the Marts, high end gear ads are dominated by several dealers. Non-dealer ads are usually people trying to push 15+ year old off-brand junk at 60-70% of MSRP (when they were new). They don't sell anything. You could slash Wilsons, Magicos, etc, 50% off retail and no one will buy them.
No one buys if it costs more than 1k. It's not that they're not interested -- the ads get plenty of views. It's that the asking prices are just way over the ability of buyers to pay. Fact is, if you see a high end piece for sale it's probably by a dealer, often times trying to push it at 15% off retail because its a trade in, but also often they are taking a good chunk off the price 30, 40 sometimes 50% off. They can be famous brands with a million positive reviews. No buyers.
Are we just poor, and that's all there is to it?
No one buys if it costs more than 1k. It's not that they're not interested -- the ads get plenty of views. It's that the asking prices are just way over the ability of buyers to pay. Fact is, if you see a high end piece for sale it's probably by a dealer, often times trying to push it at 15% off retail because its a trade in, but also often they are taking a good chunk off the price 30, 40 sometimes 50% off. They can be famous brands with a million positive reviews. No buyers.
Are we just poor, and that's all there is to it?
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