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How will the COVID-19 pandemic affect sites like Audiogon?

One would think that with social distancing and shelter in place policies, there has never been a better time for upgrading and enjoying your audio system.   But is now the time to buy and sell?  The mass unemployment and economic distress accompanying the pandemic seems certain to undermine what is essentially a luxury market encompassing both gearheads and music lovers?  What effects on buying and selling audio gear — both short and long term — can we foresee?
merlin
lloydc's avatar
lloydc
755 posts
 
I am not seeing fire sales on audio gear.  I rarely see good gear really priced to move, even when people claim to really need cash.

the concern that some small manufacturers and retailers in audio may not survive the recession, that just began, seems entirely realistic.  

I'm guessing the 1% who didn't get nailed by the market decline aren't looking to buy audio gear in a down market.  The ones who did get killed sure aren't.      
hickamore
692 posts
 
Agon is prime reading. Thanks to all commentators. Just here to learn.

pjr801's avatar
pjr801
192 posts
 
Where I am, our country has just moved to level 4(no unnecessary contact, schools close in two days etc)and I have noticed sudden depreciation in Hi-Fi gear.
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jond's avatar
jond
5,911 posts
 
I personally will be buying nothing and saving my pennies for whatever comes next. My income will take a hit with this since I deal with restaurants. My turntable fund will be used to help pay the bills, luckily one positive effect of the virus is I've been living more cheaply.
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