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 oblgny

While the A’gon Bluebook is a fairly valid reference point for determining what is a “fair” price to sell something at, that it doesn’t offer an insight as to the item’s condition at time of sale leaves a pretty wide degree of latitude for making offers.  Without that to take into account,  relying upon a seller’s personal evaluation of an item’s operational and/or physical condition is debatable and as justified a starting point for negotiating as any. 

I do research prospective purchases from fellow members whether they be individuals or retailers. I use the averaged value as a starting point - after all there is no weighted average for 7/10, 8/10, mint, etc. 
I also deal exclusively with fellow members who, like myself, have 100% positive feedback.  That goes a long way toward determining what I may offer. 

We all want to fetch as much as possible when we sell something here - human na’cha!  I just purchased a Modwright KWI-200 integrated here at the seller’s asking price without negotiating because a.) the seller had 100% positive feedback
b.) because I had been reading a lot of excellent opinions on Modwright in general
c.) because the A’gon Bluebook average was spot-on

The seller did not describe the item as “mint” but it certainly was.  Impossible to discern from new. 

A little research goes quite a long way into having pleasurable transactions here