are we are own worst enemies?


Why do audiophiles sell their used equipment for 50% or more, off of the retail price. I feel that if a piece of used equipment is in mint condition, 65% of retail would be a fair asking price. Since most of the sellers on audiogon sell their equipment for 50% of retail, I am forced to do the same, if I want to make a sale. I find this practice strange, especially when dealers will only discount 10% of retail on new equipment. Anyone care to comment?
jazz_nut

Showing 1 response by blues_man

You may get 65% for your item, if it is almost new, is in demand and is the current model (not needing upgrade). Often older equipment is replaced by models that are better and cheaper making the old one now worth much less. There is often huge price drops in cable, especially MIT. Yesterday's $10,000 reference is tomorow's $1,000 model. Audio Research VT150 Monoblocks at $14,000 pr was blown away by the VT100 at $4,500. That's just the way it is.