Stupid Asking Prices- Why Don't Sellers Read Audiogon The Blue Book First?


I’m amazed at the prices most people ask for used equipment. I frequently see 15 year old tube gear with 2000 or so hours on the valves offered for sale at insane-nobody-is-that-stupid prices. Frequently the seller lists the original retail price of the item in the ad then asks 1/2 of that- imagining that it must surely be worth at least 1/2 of retail right?

I’m perplexed as to why a seller does not consider the reliable Audiogon Blue Book as a guide, and consider the condition of the gear as a factor in resale value.

I have also seen sellers refuse an at market offer and say "for that price I’ll just put it in my storage place" while it further depreciates.

Is it that most guys with high end gear are rich enough to ignore the value of moving money because their sense of value is offended?

Asking for a friend......😎

 

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Showing 3 responses by mitch2

Define "stupid."

Who cares what price a seller lists their item for? Their price, their business. If you don’t like the price, counter-offer with your price or move on.

I find it amazing, and sad, that just because a seller’s listing price doesn’t conform to some preconceived expectation then their ethics and sense of fairness is considered suspect.  An ethical issue would be misrepresenting the condition or some other form of fraud.  How does the word fair even enter into the discussion of an asking price?  Fair is living in a country where every one of us are free to both ask and/or offer whatever price we want.  This word fair is thrown around way too much these days when somebody doesn’t get what they want.  

Too many seem to confuse fairness with equal opportunity.  Fairness does not mean that everybody gets what they want.

@herman makes valid points about the reliability of selling price data.  I look at the free information on hifishark and then most often list at a slightly lower price as suggested by @phd simply because I don't want to spend the time farting around with internet sales.  

I am still not sure what problem this thread is trying to solve.  People can list for whatever they want to and buyers can pay whatever they want to pay.  It all gets sorted out eventually when the item is sold.