I see Jasonbourne is now ruining threads on what's best forum.
Audio Research filing for bankruptcy?
I just heard Audio Research might be filing for bankruptcy. This is a shock to me. I just called them a few days ago to have my Ref 6 upgraded to a Ref 6SE. I will also be the new owner of the Ref 750s. I was just wondering if they did go bankrupt what would all those millions of owners do about servicing their equipment. Should I be concerned? I’m alittle worried now.
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- 62 posts total
If they had sold millions, then they would not be in this position IMHO as a 50 year hi-end audio junkie: this is just the tip of the iceberg, especially for uber expensive kit. Renting an apartment (or buying) in many popular cites is so out of reach for the 99% that even IF they were predisposed to hi-end kit, they cannot afford it: an 700 sft efficiency near downtown Ft Lauderdale is $1700-$3000/mo! And then cars are absurdly priced as is car insurance, etc, etc Combine those issues with significantly better kit (compared to days of old) at <1/10 the price of the uber expensive kit and... well... RIP |
You don't send your equipment to them because you don't know what is going to happen. It's not likely, but they could just cease all operations and close. Your equipment sits on a shelf and you are in a line of creditors asking for what you are owed. It's not likely, but it really could happen. Why risk it? |
It'll be dangerous to send anything to ARC right now. Perhaps the price Increase from last year over 40% for the ref6 upgrade is to garnish more funds while they knew all along this was their path. They should've cut prices if there not paying there creditors. |
@onhwy61 +1 I agree! Mike |
- 62 posts total