Old man yelling at the clouds. I have no problem with people getting as much for something as the market will bear. That doesn't mean they'll get what they ask. That's the whole meaning of 'if given the freedom and opportunity the market will correct itself'.
You're right though, the economy is going south, into a nosedive as a matter of fact. I think there will be a sharp drop in sales of new gear. As we've seen recently, mfgs might not even be able to get supplies to build units. This could ultimately drive prices up on good used equipment. It's already happened in the auto industry.
I agree on the remote and working order of gear for sale. There too if you wait long enough someone will buy it.
Which venues have you looked on?
The only cure for high prices are high prices.
There's no concern to allow your blood pressure rise...
EVERYTHING is negotiable. If the seller doesn't agree with your preferred price-move on.
Always something on the horizon waiting for you.
It's a feedback loop because most sellers have no idea what to ask, so they look to see what others are asking, ...
No remote, a darn shame, not always a deal breaker.
I would put a link in my ad to OEM remote(s) for sale by others to increase probable sale.
Some units, like my beloved Chase RLC-1 remote line controller MUST have a remote, zero controls on the unit; and sellers do not mention that, potential buyers may not know.
On the flip side, it drives me crazy when I'm selling something that is high quality, less than a year old, like new condition and buyers think 50% is a fair offer because it's "used". 😒
... it drives me crazy when I'm selling something that is high quality, less than a year old, like new condition and buyers think 50% is a fair offer because it's "used" ...
It's not only used, it has no warranty. I never offer more than 50 percent of list for anything used.
@cleeds No warranty? That would not be the case in something less than a year old? In 40 years of buying new equipment, I have never filed a warranty claim. I get your point but would say warranty is way over rated.
No warranty? That would not be the case in something less than a year old?
Many warranties are not transferable; they typically apply only to the original purchaser when bought through an authorized dealer. There are exceptions, such as Bryston.
In 40 years of buying new equipment, I have never filed a warranty claim.
I'm sure you accept that your experience isn't universal.
@dadork , I hadn't thought about it like that, but I do see your point.
@hilde45 , I regularly use this site, hifishark, usaudiomart, etc....I do have my eye out for a specific piece of gear, and the price is all over the place.
To all, thanks who replied.
"Old man yelling at clouds." it is.
So far, I haven't been burned by overpriced used gear. The one case where I felt I paid too much is in the case of the Oppo 205 Universal disc player. When it first came out, I seem to recall it was listed at about $1,200. I opted for the less expensive 203. When Oppo sadly ceased making digital gear, the price of the 205 when up about 3X its original cost. Supply and demand I guess. I recently decided I wanted a 205 and purchased a upgraded one for $3,400 on Audiomart US. But, in a momentary lapse of reason, I did this with full knowledge that it was overpriced.
I sometimes will offer a 30-90 warranty on my used gear but I do require the option to repair the unit first and I do not pay for the shipping to and from costs if it ever comes to that. You should pay what you want to for anything new or used so it does not matter what the asking price is.
Now for the rest of you , I have a bridge for sale, slightly used but in overall pretty good shape. Google the Brooklyn Bridge for condition.
seems the market can be driven by prices just as much as the prices are driven by market. prices been ridiculous for a long time. dont seem to be going back to normal. buyin used records is just nuts.
How long is that Oppo 205 that’s listed for $6500 going to be listed?
@bigtwin 50% off msrp is a fair starting point for a one year old piece of gear. why? Because often product can be bought at a discount from MSRP- in the ten to twenty percent off range. So, fifty percent off for used is really not enough of a discount to get someone to buy used. The other reason is that if someone expects me to pay 20-30% off of list I'll just buy it new, know it's history and get a full warranty.
I agree, asking prices are absurd - by private sellers and the two most egregious online sellers out there- commonly asking 75% of list price or more on equipment that years old. The asking prices strongly suggest there are people buying at those prices; Just like they're buying 20 yr old average watches worth $1500 for $5000 and just like the "more money than brains" crowd on Bring A Trailer are buying 20 year old, beat to snot M5's for 45k when they're worth 25k. All things will pass, especially during a recession.
A growing economy with full employment where inflation is reducing peoples’ real income level is not the same thing as an economic collapse. Restaurant prices are going up like gasoline but people are eating out in droves. What you really ought to look at is not what people asking for gear but what they’re paying for it. If people aren’t getting the prices they think they’re going to get they have the option of leaving it in the closet. Recent sold listings for the Oppo 205 on eBay seem to range from $2500 to $3500, which is not surprising for something that’s perceived by its cult as a classic. If I were selling a piece of used gear I’d check what the item is going for and price mine a little bit lower. What gets me are these booksellers who act like a book becomes a priceless collector’s item the minute it goes out of print. My personal policy on auctions has always been to decide how much you are willing to pay for something and bid that.
50% off msrp is a fair starting point for a one year old piece of gear.
Wait until the buyer throws the low ball on you to think about what you have said ...
Greetings all. Haven’t commented in awhile. Busy with remodel of house and new other new toys. I too have noticed a significant rise in prices of goods listed here. My thoughts are that listers are trying to get the most out of whatever they have for sale. Basic economics. However, if you jack up the price it probably won’t sell. I know I won’t buy. I love the comparison with used cars and watches. As a collector of both , I have noted a tremendous rise in the prices of both. Two examples I saw recently are $15,000 for a rusted out, rattle can painted, no interior 1970 vw bug. Second a 5 year old Rolex gmt with no box or papers for $20,000( probably stolen). I won’t be buying them and I don’t think any reasonable person will. It’s just what the lister thinks they are worth.
As always , if you wish to sell. Do so at a selling price not what it costs you when you bought it. I’m always looking for something that interests me at a good value. I will buy if the price is right. So in my opinion, you are not an old man ranting. Just a smart consumer.
@twodogs112 Do so at a selling price not what it costs you when you bought it.
Despite much pseudo-economics and handwaving and yelling at clouds on this thread, yes, that is a gem.
In economics what you paid for something is called a sunk cost. Those interested may spend a few minutes understanding the concept as Wiki outlines in its usual confusing manner.
Fair is subjective. And something is worth what someone else is willing to pay.
I sold a McIntosh C2600 for more than I bought it for as a demo after using it for a year. The buyer bought a preamp at a price the were willing to pay and I gave them a good piece of equipment.
I sold it via an auction and there were 5 bidders.
6moons had a piece on a Chinese vase valued at €1,500 to €2,000 and it ultimately went for €9,000,000 on Sotheby's. 300 idiots got into a bidding war and the rest, they say, is history.
One can't account for taste, or temperment.
All the best,
Online selling has turned every seller into a marketing firm from real estate. They are no longer just selling their product but “selling” their items. Like everyone there is a give me a price I can’t refuse. They are not serious sellers as in getting ride of equipment that they no longer use. Then we also have the hoarders who are being hounded by a wife so they agree to sell some but only at their price. Look at antique collectors a piece of junk that is 100 years old is not an antique of collectible it is just a 100 year old piece of junk.
@nonoise 6moons had a piece on a Chinese vase valued at €1,500 to €2,000 and it ultimately went for €9,000,000 on Sotheby's. 300 idiots got into a bidding war and the rest, they say, is history.
One can't account for taste, or temperment.
Without knowing more, I'd humbly suggest that perhaps 6moons did not have sufficient information, and perhaps some of the bidders had superior information.
Or not - the other way around?
There is a great deal of economic theory devoted to the study of asymmetric information.
If interested, you may enjoy reading about this and why a Nobel prize was awarded to some dudes who researched the market for lemons.
Sounds like what's behind a lot of societies woes. As for economics, I'd venture to say that a lot of information is intentionally left out to come to the conclusions desired by those with an agenda unrelated to economics.
All the best,
blah blah blah blah
note: this hobby is supposed to bring us joy -- if you need to spend a lot of time complaining, feeling bitter, you're doing it wrong!
@nonoise Asymmetric information...
Sounds like what's behind a lot of societies woes.
I am in disagreement with you - this has been a feature of civilization and human interaction since time dot and without this there would be just dust like the dark side of the moon.
As for any agenda, well, that also is economics, known as game theory. For beginners, watch the movie A Beautiful Mind.
I'm talking about the intentional misuse of information and not the natural tendency to hold different views due to how we've come to gather it.
All the best,
I’m talking about the intentional misuse of information
Yes, that is actually very much caught by asymmetric information. The Lemons thing was in part based on the market for used cars.
and not the natural tendency to hold different views due to how we’ve come to gather it.
I actually don’t know the import of that multi-faceted statement ending with a preposition, but I could speculate that "it" means information. I’ll leave that one to be caught by the wicket keeper.
I’ll leave that one to be caught by the wicket keeper.
If it's Kamran Akmal, then I'm in good hands. 😄