Does it hurt when you sell at a loss?


I've been into this audio hobby for 30 years, and I am afraid to actually tally up the money I have spent, as well as the money I have lost when I have either sold or traded in equipment. I'm sure there are other hobbies and habits that can cost quite a bit, but I have to wonder, when I see a Linn CD12 up for sale for 11k, does the original owner actually lose 9k in the process. How does everyone justify this behavior, or are we trapped psychologically somehow?
Thanks I would appreciate some feedback.
cody

Showing 1 response by bbenn

The beauty and power of the Internet has provided a means to buy and sell components, and minimize the loss. I have bought and sold on AudiogoN. Paid too much for some things and saved lots on others, and it nets out.
The market forces will challenge hi end manufactors and conventional retail outlets to adopt to the e-business model.