Predicting the AGon economy?


What are your thoughts on how the high-end audio market will fare given the current state of the economy?

We're not exactly your typical demographic when it comes to being hit by a recession. I know people who would sell their bed before downgrading their rig. On the other hand, most sales on this site (ostensibly) are the result of upgrading which is probably reduced at this point. So with both supply and demand going down, I haven't really seen very many price fluctuations.

I'm no expert on economics, but it seems that even this market should have an optimal time to buy. Anyone have any thoughts on this? I haven't been able to figure this one out.
joshclark

Showing 1 response by astrotoy

I recently put up a few items, all at or near the bottom of the Audiogon price range. Most have sold pretty quickly. Two interesting incidents.
1. I accepted an offer (through the Audiogon system) and got the piece wrapped up to ship off. The fellow gave me his Fedex number to charge. When I emailed him for payment through paypal, he emailed back that his company (Nortel) just declared bankruptcy that day. He wanted to see whather he could back out. I didn't have a back up buyer, so he kept to the deal and paid.
2. I accepted another offer through the Audiogon system. However the buyer has not responded to several emails over the past three days. The problem is that the Audiogon system automatically marks the item as SOLD once the offer is accepted. So right now I am stuck - no replies from the buyer in three days and the item is marked SOLD, so no one else will buy it. Is this part of the new AGon economy/