High End is Dead?


Browsing used audio sites such as Audiogon and the Marts, high end gear ads are dominated by several dealers. Non-dealer ads are usually people trying to push 15+ year old off-brand junk at 60-70% of MSRP (when they were new). They don't sell anything. You could slash Wilsons, Magicos, etc, 50% off retail and no one will buy them.

No one buys if it costs more than 1k. It's not that they're not interested -- the ads get plenty of views. It's that the asking prices are just way over the ability of buyers to pay. Fact is, if you see a high end piece for sale it's probably by a dealer, often times trying to push it at 15% off retail because its a trade in, but also often they are taking a good chunk off the price 30, 40 sometimes 50% off. They can be famous brands with a million positive reviews. No buyers.

Are we just poor, and that's all there is to it? 
madavid0
I don’t think HEA will disappear, but I do think less people care about it than a generation ago.  When I was in school in the seventies there were a lot of people preoccupied with having a good system.  Check in with most of those people fifteen years later and and they had moved on from their starter systems but with the preoccupation with work and family, rarely listen to their floor standing speakers.  Check in with them 10 years later and the floorstanders have either been replaced by “Lifestyle Products” or nothing at all.  The younger Generation uses earbuds.  All of them are appalled when they find out that my system may have cost me 30 K to assemble, and around this site that sum is what people spend on power cords.
  So the HEA will persist, but probably by trying to extract ever more revenue from the True Believers and ignoring the rest, leading to a further bifurcation between audiophiles and the rest of the world
I forget the actual product, but there's a recent commercial for an app where this Gen Z actor is simply hitting buttons on the tablet screen to create a tune. Said buttons are marked "Bass", "Strings", Vocals", etc. and they all correlate to an existing backbeat, again chosen from a menu of backbeats.

The whole thing (on the commercial at least) sounds engaging and catchy, even as it's just a mouse in a musical maze bragging about which direction she's choosing.

With music becoming more and more codified and ephemeral, it's no surprise HEA is starting to age out.
'If this statement hits too close to home then you might consider getting up out of your specially crafted chair that is both comfortable and yet not so absorptive as to damage the soundstage of that 1958 recording bootlegged out of that acoustically challenged lower Manhattan basement club of a heroin addicted clarinetist playing the 100th version of some show tune.'


Ouch!
High End Audio as we know it is dead because it was primarily a Baby Boomer and Gen X phenomenon. Millenials and Gen Z have no interest in it.

So going forward, the only market segments that are doing well are DAC's, headphones and earbuds - for the younger generations - and the ultra high end, for the boomers cashing in their retirements funds. Everything in-between these two extremes is being decimated, and its not going to get any better, or return to how it was.

People have been saying that for 50 years. Take a look at the major audio review sites and audio shows, make note of all the high-end manufacturers from around the world. It is clear that high-end is not dead. Look at the revival of records, reel to reel tape and I am seeing a new surge in cassette interest. All are peeking the interest of the younger crowd, planting the seeds for upgrades in the future.
My view of Millennial and Gen Z types around the internet such as Reddit and Massdrop is that there IS an interest in audiophile audio, but they are actively antagonistic towards high-end audio. So the interest in better audio is there but they have a hard stop at spending significant sums of money. It seems like a groupthink exercise in defining reality in terms that is beneficial for them. For example they will state that one DAC sounds no different than another, or if there are differences they are minor. If challenged to visit an audio dealer or a hi-fi show they will respond they don’t need to because it’s all snake-oil.

At first glance it seems like the simply don’t want to believe that better quality gear produces better audio, but that’s also not true; they do accept that better quality gear provides better audio, but that only goes as far as a few hundred dollars. So it seems they actually do believe in high-end audio, only that the high-end must include everyone on the internet’s ability to pay for it. A very self-serving community view.
1.people now just don’t care for equipment.
2.audiophile business is full of snake oil salesmen(cd and record demagnetizers)and who can forget the king of them all ,george tice and his tice clock.
3.audiophile stores are unfriendly I’ve walked into many types of hi end store(jewelry,furniture automobile)and have been treated with some type of respect , but rarely at high end store, i’ve been sneered at and even insulted.there is no industry that goes out of its was to insult existing customers and turn off potential new customers.
4.magazines, blame the reviewers they are mostly bored geeks who only want to review outrageous expensive exotic equipment.turning off 99.99% of the buying public.
5 the companies,do we really need another 10 watt 20K amplifier?? companies have completely lost touch with reality.who the hell can afford this stuff ??and most of it is very unreliable to begin with. one website says the audiophile industry is $200M a year not impressive even for a company let alone an entire industry.
1. People do care about equipment. Perhaps more than the room, or even music, so puts all manufacterers immediately on the hot seat.
2. People who are successful in the audio business are working hard and have to play on the world stage because only something like 20% of revenue comes from their home country.
3. Salesman have always gotten a bad reputation for only caring about those that will make them money. They naturally weed out the time robbers but I’m sure make some mistakes. The few that embrace the web and play it well are rewarded.
4. Reviewers seem highly networked with manufacterers and are selling opinion on top of that. They have an audience too. Seems hard to build a career on this and I wonder how many live on this paycheck or is it a hobby? Again those that embrace technology seem to do well. Umpire or pimp? or a weird combination? 
5. The market will decide who has the right mix of talent and accumen to survive. I’m sure some of these guys have generational wealth and others came from more successful careers and shifted passions. They must balance their own books and figure it out.