If you want to accurately assess a market, you have to look at actual sale prices. Taken alone, asking prices mean nothing.
An item's market value is the price agreed upon by a willing seller and a willing buyer.
Ridiculous resale price of vintage equiment
The price of used vintage is downright beyond ridiculous nowadays.
It seems like many hispters are buying crap based on the looks and many flippers are happily milking them.
As an audiophile and collector this really pisses me off... sure I could sell my collection for stratospheric numbers but then what would I do with my hobby?
When I see good looking stuff, like an ARC D70 MkII selling for as much as a crappy sounding, unrestored Marantz 2240.. well, I croak. Heck, I gave one of those away because they are not very good.
Today I was comparing my really recently rebuilt ( and I mean, really rebuilt, not just "recapped" ) Marantz 2325 and Sansui G-7500. The Marantz is dark but warm, the Sansui,which sounds a lot better than the Marantz, paints a nice musical landscape but has no real depth, etc... I gave them both the best chance, driving them from the pre-out of my CJ preamp so they are getting an outstanding source... and yet, well, they sound vintage.
Is the Marantz worth $2500? Is the Sansui worth $1500? From an audiophile point of view, nope. They look good, but my DIY Aleph 5 monos, my ARC D70 MkII, and a bunch of my other amps/preamps sound far better... and yet, they are not overpriced.
OK, except for the buffoon in eBay who was asking for $26K for his Pass Aleph 2 amps.
At least the poseurs have not found Quad yet.
What do you think? Are these prices interfering with your hobby?
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Value is a subjective/objective factor that cannot be erased or replaced by market price evaluation... It is a personal motivated complex choice to buy a vintage piece.... My own choice is explained above about my Sansui decision... But someone else could want to pay 2000 bucks for my Sansui for complete other reasons than mine and for his specific needs... For example there exist on the contemporary market of new product no amplifier at any price with the possible flexibility choices associated with the Sansui AU 7700.. Then somebody with other needs than mine can claim that 2000 bucks is not a too much high price to afford a piece of gear so useful in flexibility of use.... Anyway no other contemporary amplifier at any price is comparable with the great number of his features and possibilities ... NONE... Then value is not price market... Value is a more stable factor than price market which fluctuate around offers and demands relation... Collectibles are a good example of great values with sometimes low resale possibilities... |
Economics is what the super-rich tell the Government what it is ! NO JOKE , My first year at Uni I took both Econ 101 and Logic 101 . I was going nuts as one totally made the other a lie . Went up to Econ Prof and told him my thoughts .
He looked at me for about a minute and nicely said to me , ": Yes, Econ is a mess but one decided upon " .
P,S . at one time I sold Sansui in a huge audio store in Madison , WI . We sold 15 % of all those amps in the world ! Why ? owner let us sell FAR cheaper than any in USA . I would rather have one , or 2, of the Sansui today than anything else , The tuners were unreal ! As were the 823 TT’s . Speakers sucked , but Rockers loved them. As did AR, Altec , KLH, Polk 10 , , Advent and others.
Once sold 5 full Sansui systems to 5 players of Green Bay Football Team , went fast and ! made 700$ which was a lot 50 years ago .
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Great post! thanks to say it shortly... I will only add that economy is a pyramidal control chain explained long ago by Bernard Mandeville... ( For the anecdote the inventor of cancer drug "snake oil" first original product method is the father of the first Rockfeller, the con artist William Avery "Bill" Rockefeller called "devil Bill", who educated his son in his own personal "economy" theory and Rockfeller history after that was key moment in the personal education of Bill Gates in alleged "philantropical economy" theory and they called their globalistic control method : Gates and Rockfeller foundations; this anecdote resume almost modern economy save for the banking system which is another story explained by the bank of international settlements history after world war one)
Logic is a mess in most brain because almost nobody can even figure out Aristotle tool value and his limit explicitly understood by Aristotle himself...His logic is related to his metaphysic and not reducible to any abstract formalization at all... The working brain must work with logic yes but at a level way over logic to be effective in his reach... Logic cannot teach us how to see a flower....And like Goethe demonstrated in his marvellous book about plant dynamical morphology, most people had never SEEN a plant and they are even not conscious of this fact for the rest of their life...Classifying something with a name by programmed HABIT is not an active perceptive seeing experience.... It is the same for acoustic: applying an equation will not solve a small acoustic room problem sorry...You must "see" the room and take the necessary listening experiments to solve the problem and tune the room...
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