Audio valuations


Is anyone else interested in determining a fair value for used high end equipment? I understand we all try to sell and buy our equipment at the best price, but where to start? I recently listed
a item for sale and set a price that I thought was competitive based on very limited past sale information. I did receive an offer that was $500 less than asking price. Was I too high or was the offer too low. It would be helpful if we could see what others sold their equipment for and the condition of the equipment. I want to sell my equipment, but I don't want to give it away.
Any thoughts on this matter?
elf1

Showing 1 response by akg_ca

Without prejudice to its noble intent, this post is functionally elusive , rather useless IMO , for numerous reasons. The key one is the arbitrary and fluid pricepoint peg that is totally variable and dependent in lockstep with the economy.

Simply put:

-- in economic "good times", resale prices are comparatively "generous" and arguably inflated as buyers ride the "Good Times" wave;

-- conversely in economic "poor recessionary" downturns, resale FMV prices are dramatically reduced as buyers toss around nickels like they are manhole covers.