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

hilde45:

Some of the sales listings I see are either greed or sellers who are not clear on the concept of value.

For example the typical asking prices of old production Klipsch Chorus/Forte have increased approx. 300% from 3 years ago.

Are the sellers asking $2-2.5K+ basing the asking price on the price of the "new" Klipsch Heritage line (I don't know - haven't asked them)?

As far as used recently manufactured gear advertised with a 10%-15% discount I would just purchase a new unit.

A lot of people have been hard hit financially from Covid-19, and I'm guessing that this may also play a part.

DeKay

@dekay 

Some of the sales listings I see are either greed or sellers who are not clear on the concept of value.

They are willing to take the risk of an item not selling because they have a price in mind that they want. Who am I to judge that as "greed"?

It's their price -- it's their calculation.

If they get their price, we've established what the market will bear.

If they don't get their price, they suffer the opportunity cost of spending more of their time trying to sell it.

I cannot fathom how greed comes into it at all.

@hilde45 + 1

Check supply-demand ratio. This is really variable and always changing. One day one rate the other day another depending on demand getit?

The same thing as with the used car market I suspect.