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 stay out of the churn...unless it’s some thing I’m curious about.

..then I get ’interested’...

Even stuff like speaker stands, which sound the same for 200 years, sell for 40% after a year. 

I enjoy conversations like this because they're real and raw. I work in the industry marketing/PR and also buy, sell, collect and flip gear.

The Manufacturers

These guys keep raising prices beyond what's reasonable. There's quality gear from China at a fraction of the cost. I have been given discount from manufacturers I work with up to 60% discount off MSRP That is not all the time but I know they can give out 40% discounts like candy. They still make money. The markup is huge.

The Dealers

Dealers are in weird situation. Some of them are really greedy and can't be trusted. And on the other hand some of them are just fighting to make money and that little bit of profit they make has to go to paying their entire operation and their employees and business costs. And they're probably not selling as much as you and I would like to believe. They also get squeezed between internet competition and manufacturer price controls. Many manufacturers strictly enforce minimum pricing, even in the secondary market. It's a rough business for these guys but they don't get a lot of sympathy because there are guys who are just greedy in the industry.

The Market Reality

If you can get 50-60% of MSRP, consider yourself lucky and take the money. Equipment is only worth what someone will pay, not what you paid. High-end stuff sits because sellers want 50%+ but there aren't enough buyers willing to pay that for very expensive gear.

Some equipment I've had priced at 40% of MSRP sits for a year with no bites. Sometimes you need to cut losses and move on, or drop your price just enough to close a sale. Waiting for "the perfect buyer" creates a stagnant market.

Research Your Pricing

Check Hifishark or eBay for actual selling prices over the last couple years. The lowest recent sale is probably your new comparison point. With certain equipment (like Bryston), some brands just aren't as popular and will be harder to move regardless of price.

Economic Reality

This hobby's high-end is for the one percenters. Who can justify amplifiers costing as much as cars or cables as much as vacations? With today's cost of living, discretionary income is rare. The political climate makes people nervous and tightening their wallets.

I'm planning my own purchases carefully, looking for 40-50% or.more. We need to be flexible and realize this isn't an investment - like cars, you rarely get your money back.

Audio equipment is overpriced relative to manufacturing costs. The market is correcting itself. Seasonal factors and economic conditions always affect sales. If you want top dollar, be prepared to wait. If you want to sell, be realistic with pricing.

At the end of the day, this hobby is about enjoyment, not making money Or recouping your investment. It's the price of admission to play with the best equipment made and is not for people who are looking for returns on the price to play. Manufacturers and some dealers are greedy. The secondary market isn't - your wallet tells us when prices are too high.

I always sell locally. I don't like paying fees for ads & selling on sites that want a piece of my money. Recently I've had two ads up for nice speakers for a fair price, and no bites - save for the #@!&% that generously offered to pick them up & take them off my hands, for free.