What is going on

Twb2 is correct,used gear generally sells for 50% of its new price. But lets keep its real, some of the asking prices I see on Audiogon lately are extremely inflated, as if the seller was trying to retire soon after the sale. Items that are familiar to most of us members that have been active for the past few years have noticed that these items are priced much higher than they used to be. Here is my advice, you want to sell in these tougher economic times try asking a more sensible price.

Also I believe that Unsound is correct and the newbies also contribute to inflated prices by their own perceptions.

So what Phd? Sure, there are high ball sellers and low ball buyers. That is not just Audiogon, or this hobby, that is life in general. The seller is allowed to ask whatever they want, and a buyer is free to offer whatever they choose. I guess there have been enough threads about lowball buyers, so a thread about highball sellers is due I suppose. The bottom line is as a buyer, you cannot make the seller offer what you want at your price anymore than the seller can make the buyer pay what he wants. So what is the point?

What is going on? Life. Nothing new here.

Jmcgrogan2, yes that is true, the seller can ask whatever
they want, don't mean they will get it. Most rational
thinkers will do their homework before making a purchase.
How many times have you seen an older item selling for
almost the new price, add a few more dollars and get it
brand new with warranty. One time I purchased a power cord
(quite a while ago) for three hundred, found out afterwards
I could of bought it brand new for the same price, it was at
that point I realized and embrace the saying "Buyer
Beware".

I have always been reasonable about my asking price, wanting
to pass on a good deal to someone else, even if I lose a few
dollars along the way. But it is a little unsettling when
your selling for fourth of the new retail price and an offer
comes in for half that. Never the less I still have faith in
Audiogon for selling & buying and its membership.

Look out for Craigslist at times. Purchased a side by side
refrigerator from a lady who lived in a very nice estate,
had people remodeling her home when I arrived. Asked her to
plug it in, she said she didn't have a receptacle close. But
stated she was very honest, it worked, and it only takes one
bad apple to spoil the bunch. Her workers even loaded the
fridge up for me. Got it home, didn't even get cold, tried
calling but she kept hanging up. She was easy to get hold of
during the sale but impposible to reach afterwards.

Phd, I'm not advocating for highball sellers, anymore than I would support lowball buyers. Yes, any seller can ask any price, it does not mean it will sell, just as any buyer can offer any price, it does not mean they will buy. It's all about how serious the seller and/or buyer are about the act of selling or buying.

Some sellers ask too much money, their fate, they are stuck with their item unless they get lucky. Some buyers offer too little money, their fate, they do not get the item unless they get lucky. I think that the vast majority of deals are made somewhere in between the crazy highball asking prices and the crazy lowball offers.