Jadem6, a 40% markup as standard sounds awfully low to me. That would mean a product with dealer cost of $2000 would sell for $2800 after being marked-up 40%. A 40% margin (67% markup) seems more reasonable.
are we are own worst enemies?
Why do audiophiles sell their used equipment for 50% or more, off of the retail price. I feel that if a piece of used equipment is in mint condition, 65% of retail would be a fair asking price. Since most of the sellers on audiogon sell their equipment for 50% of retail, I am forced to do the same, if I want to make a sale. I find this practice strange, especially when dealers will only discount 10% of retail on new equipment. Anyone care to comment?