Used gear prices and the state of the hobby.


I am always on the look-out for quality used gear, especially CD/SACD players.

It seems that lately (especially), I am seeing a lot of used gear come up at (what I consider to be) ridiculous prices. I've gone through enough CD players that I sort of know what they can be had for.

I am fully aware that the market will drive pricing, but some of these prices are insane.

Asking 75% of MSRP for a player that's more than 10 years old isn't going to happen, at least in my world.

I see the same ads come up, over and over, which tells me that these things aren't selling. In some cases, the asking prices are absolutely ridiculous.

Maybe the dealers/whomever are underwater on their product, but in case anyone hasn't noticed, the economy is starting to dive.

I'm not ranting, just stating that perhaps your stuff isn't selling because you're overpriced (in some cases by several hundreds to thousands of dollars!).

Other no-no's as far as I'm concerned:

No remote. Buy one THEN put the unit up for sale. In most cases, I will not consider a piece of equipment without an original (and in good condition) remote control.

"Rare". Sure it is. If it's so rare, well, that makes me wonder WHY it's so rare, now doesn't it?

"Giant Killer". Un-huh. Sure.

"Mostly Working". Well, get it repaired, and make it "totally working". THEN offer it for sale.

I view used gear like cars. When you drive it off the lot, well, you just lost 10% of the value. And it's all downhill from there.

I just wonder if anyone else had noticed this, or if I am just turning into an old man yelling at clouds?

If it's not a buyer's market at the moment, it will be shortly.

 

 

 

 

128x128coralkong

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.