Selling?


I just had an unsolicited offer to buy my CJ 350. He wanted to drive down from the East Coast and pay cash. No price was mentioned. The next day he ask and I told him $6500. I thought this was quite low but I am getting old and have moved into an apt. He was shocked and said that he had seen many for $4000 and one for $3800. Now I have been in audio since 1960 and have a good idea what things are worth. I did not believe this for a minute. Looking on the net I found only one and it was $8724. So if you don't know yourself check with the bluebook before you sell. I told him to buy one of the cheap ones he talked about. So beware of lowballs.

stanwal

Showing 4 responses by stanwal

I regularly keep an eye on prices. I have been a home dealer for many high end products over the years. Quad. Krell, B&W .VPI And a lot of others. I just thought he was low balling me and so did my other experienced friends. I can"t remember getting an unsilisted offer and I go back to 1962. He couldn't fool me but I am experienced. He wanted to come down from Vermont before we even discussed price. The ordinary process is to bargain a little before the sale. I just bought an amp; I offered him $ 200 [10%] lessunselistedas asking and he took it and we were both happy.

I have been out of the hobby for a few years due to health issues. I didn't really want to sell it but recently bought a Gamut amp and since I am using Gamut speakers I didn't think I needed both. I also have 3 pairs of mono amps from my dealer days and a lot of other things. My other advice is to make sure you are getting the best out of what you are using now. Often a minor tweak is all you need. Read one of the set up books and experiment with placement. I once sold a pair of 801s and the buyer called in desperation that they didn't sound the same. I took the 30 miles to where he lived and he had one on a solid wall and the other on a glass wall. I told him to swap them and of course the sound switched sides. But then I am an honest dealer; I have known some that were not. Most are just ignorant, have been selling refrighters or something. I went in to show a friend an amp I didn't carry and they didn't have it. I went back and there it was on the shelf.

Also set a reasonable price and stick to it. Don't get into a biding war with a mystery unit. Someone said that they got one for $350! Fine, if the buyer expects to get one for that price tell him to go get one. I told the guy I was dealing with that. If he knows where to get one at that price go to it! I learned this in the 60s A dealer I knew had a unit selling for $500. Someone came in and said that another place for $400. Fine, go get it! Oh, he does not have any! When I do not have one my price is $200.