Sellers: When do you drop your price?

@ hilde45 good link thank you! Fascinating points. 

@gano - it’s nice that you support your mother and are charitable. The inheritance could come from your father’s side. Someone maybe you didn’t know existed. That has nothing to do with the subject at hand. The question is whether @hilde45 could make profit off of a sale on Audiogon.

You contradict yourself saying you would do what is fair and let’s you sleep at night. Sounds like you might make money off of an inherited piece selling it for what you consider is fair, which I guess would be based on what they typically sell for.

Hilde - you did good and it sounds like you had a fair, market based, mutually beneficial transaction with everybody being happy. Congratulations- you should have absolutely no second thoughts about making $75.

@sokogear
you are asking hypotheticals but the original sale I disagreed with has nothing to do with those hypotheticals. I don’t see any place I contradicted myself. I would do in any situation what I think is fair and there are endless types of situations. I have a moral compass that tells me what’s fair, so calling any outcome a contradiction is an oxymoron.
If I inherit a piece of let’s say [furniture], I would look up the going price and put it on craigslist. The fact that my relative bought it, stole it, built it - irrelevant if I don’t know the source. I will do what I feel is fair based on my knowledge of the situation. If that same piece of furniture was sold to me by neighbor for x, that will be a different set of parameters determining fair price. You can argue that fair price in your view is formula x, and that’s your approach and that’s fine. For me the balance of the Universe depends on my formula, and there is nothing else to it.

I have sold on here, if you want to wait until you are old and gray for it to sell then do so....too many nit- pickies...otherwise, sell on Ebay. Also be advised you WILL receive a 1099 from the government for your sale on here and elsewhere if paid via PayPal. 

@audioguy85  My unit was listed for 7 days at a price which was likely too high. Hours after I dropped the price it sold. In 8 days, I didn't get that much grayer, though I admit watching it sit there felt longer than it actually was! 

The other debate about selling and profit is one I'm comfortable to watch from the sidelines. It is a fairly deep topic, since it would encompass not just the sale of an audio device but any resources a person possesses. What do we owe each other, is the fundamental question at issue. There is a wide range of philosophical and spiritual belief systems meant to deal with this issue, and once some general principles are accepted, minor examples like selling gear or furniture are easily handled. Working back toward those general principles using small examples is (in my view) a wild goose chase.