Stupid Asking Prices- Why Don't Sellers Read Audiogon The Blue Book First?


I’m amazed at the prices most people ask for used equipment. I frequently see 15 year old tube gear with 2000 or so hours on the valves offered for sale at insane-nobody-is-that-stupid prices. Frequently the seller lists the original retail price of the item in the ad then asks 1/2 of that- imagining that it must surely be worth at least 1/2 of retail right?

I’m perplexed as to why a seller does not consider the reliable Audiogon Blue Book as a guide, and consider the condition of the gear as a factor in resale value.

I have also seen sellers refuse an at market offer and say "for that price I’ll just put it in my storage place" while it further depreciates.

Is it that most guys with high end gear are rich enough to ignore the value of moving money because their sense of value is offended?

Asking for a friend......😎

 

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people can ask what they want, the market will clear for an item if it is priced right, or, even if it isn’t

people without an accurate sense of what is a fair price for something they want to sell try to sell stuff all the time, for all sorts of things... cars houses boats bikes jewelry

key is - there are often equally uninformed people on the buy side too (or someone who is simply not price sensitive and wants the item) ... so for used audio gear, like all the other things, it just takes one buyer willing to pay

There are "dreamers" on every sales platform. I don’t think it’s too bad on audiogon, overall. And the bluebook itself wasn’t a great guide - though it’s been years since I had access. The bulk of data lagged behind recent trends (usually trending down), so the book’s "value" was usually too high to actually move gear. So I found no value in BB access. Maybe that’s improved, but hifishark seems like a better tool anyways, and it's free.

I haven't seen a copy of the Blue Book for years.  When I did it was my impression that wholesale (buyer) prices were low-ball to assist dealers in determining trade-ins.  In my experience at the time average selling prices on the major classifieds were higher than Blue Book listings.