Anybody having trouble getting near-your-asking-price for used gear ? (Plz. no hype)


I buy and sell gear "on a whim" and have done so for 40 years. Mostly high-end tube stuff that I get an itch to move from my rig to make room for other high-end stuff that I have been dreaming of.  It's fun and gives me a fresh faces to fall in and out of love with.

Lately I am having a really hard time getting any serious offers above 1/4 to 1/3 of retail- actually zero offers over that. And winter is the time of year gear sells. Once the sun comes out things get really quiet.  Not terribly long ago I could ask 50% of retail and get serious offers pretty close to the ask.  

I am especially having trouble selling ARC gear. It's prices are steadily collapsing. On HiFi Shark that stuff sits for close to a year (or more) before it moves.  For example SP 15s are under 2K now. They were selling (not asking) at 3K a year ago. It took me almost a year to sell a new-in--box I/50 for $3000 (!)   Ref 75s are moving under $3000 and TMR will only offer 2K for one of them. The older stuff is selling in the hundreds not the thousands. Top-Of the-line stuff like Reference 10 preamps are moving under 12K (asking is around 17K) 

I recently sold a Bryston BR-20 brand new in the box and it took me 7 months to get 48% of MSRP.  This is NEW stuff- not somebody's junk. 

My guy at Magnepan told me their stuff is really moving slowly as well. He blamed it on the political environment. ARC is pretending all is well but I have a little birdie inside there that tells me their stuff is stagnant as and dealers are actually cancelling orders. 

Now, assuming you are being honest and not "fluffing the market" with bullbleep because you have something for sale and hoping for the greater fool,  are you seeing/experiencing the same thing I am experiencing? 

NO RETAILERS PLESASE- you guys tend to "exaggerate" to put it kindly- plus most of us here at AG know who you are and your 1000s of posts are a big clue. 

Signed/ Depressed about my favorite side gig. 

128x128Ag insider logo xs@2xyesiam_a_pirate

I think there are multiple issues all culminating into what can be happening.

Brand stability issues, like mentioned above with Audio Research can have a large negative effect on a particular brands secondary values.  Owners want to ensure there is service, support and parts available after the purchase down the road.  Especially since this is an expensive hobby.  The opposite side of the spectrum may be a company like McIntosh.  If the glass on a 50+ year old amp/ preamp needs replacing, or if the unit needs servicing, the manufacturer still can provide those parts and services.  That carries a lot of value to people.

Shipping costs have gone insane the last 5-ish years.  What would cost $60 to ship 5 years ago is double that.  Some larger/ heavier gear can now be several hundred dollars to ship more than a few states away.  Buyers take that into consideration, as well.

Some gear is just more commoditized, like DAC's, for the most part.  Those things are being churned out by everybody and their brother.  Stuff like that just lowers the price in the secondary market incredibly fast.

I'm sure that are more issues, as well.

@gordon

Yep….. it’s at a 50% haircut threshold where success to sell generally facilitates buyer interest IMO

MY TAKE:

(1) there have been numerous too-oft repeating threads in most of the major audio forums, with certain types trying to bless forum buyers with arguably insulting low-balling offers, as a perfectly benign and acceptable behaviour, and a gross failure to gauge the audio forum court of public opinion fallout . And these bidders are complaining to be shocked with umbrage when they get blocked out .

(2) Anecdotally, around 50% off the MSRP price-when-new for quality hi-fi gear (… a fine but important distinction…) appears to be where many sales are made. Asking prices on ads edging higher up appear to linger a lot longer and many ads become stillborne.

Mid-fi or Lo-fi gear is a lot more tepid market, and no surprise if a greater discount is the key to getting it sold

And cheaply priced counterfeit made-in-China originally flooded on Ali Baba …. Good luck.

 

 

 

 

 

 

I don’t sell a lot of items, but when I do it usually goes for 50% - 60% off MSRP. The selling price can be lower if the item is more than a couple of years old or modified. To sell quickly I include shipping and other fees in the selling price.

 

Until recently, if I am purchasing new and have an item to sell, I try to trade it in with the purchase. Lately Dealers have been less lenient with reimbursement for trade-ins, so I have gone back to selling used items on Audiogon.

Most of my late purchases are from TMR. You always get peace of mine doing transactions with them.