What's going on with the used audio gear market?


OK, maybe I am unrealistic but I've bought and sold audio gear for the past 25 years off and on for my personal use  as I change out or upgrade.  It seems that a reasonable expectation is around 50% of MSRP or somewhere close. That has been what I've always sold for and bought for. Now I see stuff priced at 80-90% of MSRP. I am talking about things that are not really statement products and can be a few years old and they want 80%.  I just don't get it, this stuff for the most part depreciates rather quickly due to the advancement of technology. Is this a hold over from the Covid Inflation effect on supply and demand? I guess that supply and demand will eventually sort it out. 

128x128fthompson251

+1 tablejockey 

I’ve left three items  on the table in the last couple of months because the sellers were asking almost new prices for 2-3 year old DAC’s or Streamers and were unwilling to come down even a few percent.

Oh well, their loss.

I just did that myself, in fact his price was so high I am just going to buy new instead.  20% is nothing for a 3 year old item. 

 But new and with a warranty 

Used is used and you don’t know the condition 

Also Ck out the company for warranty reliability

and service 

Part of the reason you are seeing sellers wanting more than 50% of what MSRP *was* is IMO due to the following:

1. MSRPs have increased due to price increases from vendors. When a vendor increases the price for an item it raises the value for the same used items. 
2. Overall inflation in the economy. 
3. Most dealers, and I accept that there may be some exceptions, will not give more than 20% off new MSRP. Therefore a discount on a used item somewhere below 20% off will be attractive to someone. Is it 25%? 30% 40 or 50%? Depends on items age condition, the item itself, the buyer and the seller plus other factors. 
Its an arms length transaction. Plus buyers are not paying sales tax  

4. Sellers have other ways to monetize or get rid of gear. They can give it to family. They can donate it. They can trade it in. Results with all of this can vary. But depending on factors involved it can be an option and may set a floor on what a seller will accept in a purchase.