Predicting the AGon economy?


What are your thoughts on how the high-end audio market will fare given the current state of the economy?

We're not exactly your typical demographic when it comes to being hit by a recession. I know people who would sell their bed before downgrading their rig. On the other hand, most sales on this site (ostensibly) are the result of upgrading which is probably reduced at this point. So with both supply and demand going down, I haven't really seen very many price fluctuations.

I'm no expert on economics, but it seems that even this market should have an optimal time to buy. Anyone have any thoughts on this? I haven't been able to figure this one out.
joshclark

Showing 1 response by fmpnd

I am glad I saw this post. I thought I was the only one who thought many of the recent sellers were a bit . . . well. . . "optimistic" (to be politically correct) or more likely down right outta touch with reality (if not). I've even seen a number of people selling used stuff and asking FULL RETAIL!!

While people are certainly free to ask whatever they want for their gear and look for a PT Barnum type, I've been tempted to post a smart-ass response to a few of these sellers and say "Sure, I'll take your used piece of gear and pay MORE than if I bought it new with a warranty from a decent dealer!! In fact, sign me right up for two of those bad boys!" Ah, but then I realize the poor chap will think I am the crazy one so I just laugh, shake my head and go on my merry way.

I have sold a few things lately and they did sell, but I also asked well below 50% of retail and they were in great shape. Who knew I could have gotten 90-100% of retail? When will I learn?