"I miss the good old days when Ike was prez" :-)
Gotta love a guy willing to call out the military-industrial complex. I miss that.
What's going on with the used audio gear market?
OK, maybe I am unrealistic but I've bought and sold audio gear for the past 25 years off and on for my personal use as I change out or upgrade. It seems that a reasonable expectation is around 50% of MSRP or somewhere close. That has been what I've always sold for and bought for. Now I see stuff priced at 80-90% of MSRP. I am talking about things that are not really statement products and can be a few years old and they want 80%. I just don't get it, this stuff for the most part depreciates rather quickly due to the advancement of technology. Is this a hold over from the Covid Inflation effect on supply and demand? I guess that supply and demand will eventually sort it out.
- ...
- 56 posts total
Buying/selling has been all over the map in my life. In some instances, I was the ignorant one for paying too much. Probably went the other way as well. I once put a unit up for sale as an auction item. I was a little embarrassed at the selling price because it was out of line for the actual valued price of the unit. It also has happened more than once that I have sold a unit only see them resell it for sale at a much higher price elsewhere. Hmmm.
I believe that you must be comfortable with the price decided on for sale or purchase. In my experience, I am also more comfortable selling without negotiation knowing that the product has been properly priced to begin with. In my other hobby of woodworking, and acquaintance of mine always makes sure that you know just how really expensive and impressive his new machines/tools cost. |
@agisthos could be that inflation has caught up to even the audiophile crowd? Who is hoarding McIntosh amps? Not me. But I did buy every 68 Z28 available in my area. Thank the lord it was only one. But a dang nice one.
|
@ghasley + 1 |
...is correct... I just sold my 2013 Corvette Grand Sport, which sold for almost the amount I paid for it in 2015 - I could have sold it for $2-3K more than I paid for it... IF... I had been willing to go through the hassle of selling it at current retail. Any time we have a government willing to spend trillions more than the economy is producing, and a federal reserve printing more money than the economy is producing - we will have rampant inflation, which is what is driving prices of everything "through the roof." We can't give people more money than the goods and services they produce, or the demand will always be greater than the volume of goods and services produced - and the prices of goods and services will be bid up by the people with more money than they've actually earned through their production. With the government's and dock worker union's ignorant restrictions in the supply chains limiting supply of almost everything, coupled with millions of consumers producing nothing, but living off those that produce - we will continue to have rampant inflation. It's not the "greedy" wholesalers / retailers - it's the fools in our governments who are too poorly educated and informed to understand real economics.
|
- 56 posts total