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.
In past year I've sold some streaming devices at well over 50% price of new, lots of people getting into streaming, thriving market, especially at lower to medium end.
I've observed over the years some people ask high prices, item doesn't sell, no mark downs, item sits on market for months. I'm afraid some people very attached to audio components, emotional valuations don't compute for most of us buyers. |
@ghasley + And another rant about gvt. spending. What about consumer spending, completely left out of equation! Consumers have been spending like crazy coming out of pandemic, so deprived! Supply constraints left out as well, suppose that's present gvt's fault as well.😥 |
