What's happened to the used high end market recently?? Sales are tough....:0(


The heading says it all!! What do you guys think is the reason that the sales in the used high end market have gone soft??
Prices too high? Economy too slow?? Stock market too volatile?? Something else??

Thoughts....
128x128daveyf

I am not speaking for anyone else here, but I grew up in a house where television was B/W then colour in the 60's. We rode on bicycles 4-5 miles to school, in shorts and long socks, rotary dial bakelite phones, slide rules and log tables, no calculators.

HiFi, or Stereo was hi-end. Not everyone had a valve radio/record player all in one wood made unit. We appreciated every new piece of technology that came along. And it was expensive. I remember my Apple IIe with twin 360kb 5.25 floppy disks cost AUD$2,500.

The availability of near to best high end HiFi is in comparison, cheap. Why would a millennial or gen Y/Z pay a gazumption on high priced art when you can travel the world for $1000?

The big end of town is quickly running out of appreciative buyers. Get with it guys, stop crying about reality.

Don't get me started on MQA enabled mobile phones which Bluetooth to Hi Def earphones. There are more than enough millionares/billionaires/moguls/movie/TV stars in this world to make all Hi End manufacturers millionares themselves. Some of us aren't that privileged!
let's face it, with time the great sounding old designs become progressively more obsolescent, and to keep paying higher and higher prices for them becomes foolish.  they must have a distinct investor grade quality to keep climbing in value, i.e. they must retain or gain in value, to be worth buying.  when the prices start to drop, that's the signal it's not an investment, rather it's just a trend that has been played out, or it's been surpassed by newer developments in technology and sound.  I'm seeing this same phenom in everything vintage or antique.  what drives the prices up to the sky is big money getting interested in buying it, and when that wanes, the prices can only go down.  all these cheap knock-off Chinese-made tube amps don't help any. hopefully we can get nasty tariffs on them all, and then you'll see vintage tube gear pick up again.
@grannyring 

I suspect you are correct about the declining market ( but only for current technology type high end products)

Maybe tekton is disruptive and hopefully there will be technologies and products that reinvigorate the market.

Following up on your comments about Tekton and/or others pricing new products reasonably....from a buyer perspective, knowing that 50% depreciation is likely, most buyers would rather suffer a $1500 loss over a $15k loss... obviously.

For now, I suspect that most buyers can only afford to buy the expensive stuff if they can get it as a preowned at a pretty good discount. 
IMO used equipment prices are too high. Generally you're not going to get 80% for a used item although I'll admit there may be exceptions.