What's going on with the used audio gear market?


OK, maybe I am unrealistic but I've bought and sold audio gear for the past 25 years off and on for my personal use  as I change out or upgrade.  It seems that a reasonable expectation is around 50% of MSRP or somewhere close. That has been what I've always sold for and bought for. Now I see stuff priced at 80-90% of MSRP. I am talking about things that are not really statement products and can be a few years old and they want 80%.  I just don't get it, this stuff for the most part depreciates rather quickly due to the advancement of technology. Is this a hold over from the Covid Inflation effect on supply and demand? I guess that supply and demand will eventually sort it out. 

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Showing 1 response by jji666

The answer is patience. In general, I don’t scour the used market for areas of need, but for opportunities to acquire interesting stuff at a bargain price.

Sure, you can focus on amps when you need one, etc., but in general, I have a slush fund budget for used gear when a good opportunity arises. Craigslist is great for that if you are in a big enough metro area. In the Chicago area, in a decade I’ve built, traded, sold, and rebuilt systems for less than half retail/new.

True, sometimes you get mistreated gear, Investigate first, and don’t buy or bargain downwards if so. A guy on Craigslist had a Nakamichi PA-7 for something like $450 and I negotiated it down to something like $325 but a prior owner had drilled big circular holes in the top cover. Still sounds great. Just got a pair of KEF R11s for $1850. Still available new for $6000. Live with the warts, enjoy the sound!