Would it be fair to say that everyone has seen a significant decline in the ability to sell your used equipment at a decent price?
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Prices for used equipment
- Thread starter Acerun
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People are figuring out that a new piece of gear includes a warranty and store terms of sale and that used gear includes no support. As soon as used gear has no warranty or no store terms of sale I reduce it's value by about >20% and then figure out what age it is at and what risks I am taking on by buying the gear. Because I am assuming all the risk in the used gear sale I don't want to pay too much for used gear. I have not sold used audio gear for some years so I'm not familiar with today's used market but I have sold computer gear in recent years and if it is not 1/2 to 1/3 the new price nobody even responds to the ads. People are wiser regarding electronics than they where at one time and consider electronics as throw away items so they don't want to pay much for it.
Yes, the market has been a bit soft.
I buy and sell audio equipment as a business, some stuff has dropped since when the economy and inflation are a problem, there's more sellers than buyers. Things will get better when inflation lessens and people aren't selling non-essential items and buying fun stuff, but it'll be a while. If you're going to sell on eBay at an auction, it's really risky, but a good time to buy. Auctions should run a week and end always on a Sunday at 5-8pm EST which is when bids go the highest. I don't even buy then because things just get bid up like crazy. All the liquidators end their auctions then so they can pack weekend sales to ship on Monday. Having a buy it now isn't bad if a competing item is on auction, people who lose will be bitter and want to buy the item anyway, so it's your chance.
If you can hang on to an item or just stick it on a buy it now and wait it out, it'll be months before the economy has people in a buying mood again. The only upside is that people are buying less new items at full MSRP, so if you're selling used that can work in your favor. I'm getting into more collectible headphones like the Beyerdynamic T90 and DT860 that are out of production. They take a while to sell, but there's no competition except overseas like the dealer in Japan.
If you can hang on to an item or just stick it on a buy it now and wait it out, it'll be months before the economy has people in a buying mood again. The only upside is that people are buying less new items at full MSRP, so if you're selling used that can work in your favor. I'm getting into more collectible headphones like the Beyerdynamic T90 and DT860 that are out of production. They take a while to sell, but there's no competition except overseas like the dealer in Japan.
mhardy6647
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Wait, what? You can sell this stuff?
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Yes. I sell this stuff. Then I can buy other stuff. How do you think you become an experienced audiophile?
sam_adams
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You need to look again—just an example. With the amount of stupid that's been going on economy-wise, people are asking more for used equipment than ever before.
restorer-john
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It depends on what you have to sell.
Collectible and classic vintage 2ch is still going up in leaps and bounds.
Collectible and classic vintage 2ch is still going up in leaps and bounds.
Waxx
Major Contributor
Here in Belgium (and most of Europe) is a lot to offer, but no buyers, or at least no buyers who want to spend money to get a device. Everybody is watching their budget as inflation is high, energy prices are crazy and there is a war out there not so far from us that could spread out. So nobody takes financial risks, even very small ones, and buckle up for a hard winter with hope on better times next year...
I tried to sell a Luxman preamp from the good period (pre 1983) but nobody wanted to pay the price that a year ago was considered cheap. So i pulled it of the auction sites and wait untill the market is back to normal. I don't need to sell it, but i'm not using it anymore...
I tried to sell a Luxman preamp from the good period (pre 1983) but nobody wanted to pay the price that a year ago was considered cheap. So i pulled it of the auction sites and wait untill the market is back to normal. I don't need to sell it, but i'm not using it anymore...
mhardy6647
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DanielT
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Regarding the purchase of used. Keep in mind that it is not certain that the warranty will be included to the next buyer.
In other words, the guarantee is personal. Example. Person X buys new gadget A with a 12-month warranty. Person X sells gadget A to person B after 6 months. Then it is not certain that the warranty for gadget A applies the remaining 6 months for person B.
BUT! Research what applies in the country you live in.
In other words, the guarantee is personal. Example. Person X buys new gadget A with a 12-month warranty. Person X sells gadget A to person B after 6 months. Then it is not certain that the warranty for gadget A applies the remaining 6 months for person B.
BUT! Research what applies in the country you live in.
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I just buy more stuff.
Thanks for the tip!
When you decide to sell that personally signed first edition of "Catcher in the Rye"... let me know and I'll sell everything for the down payment. Print and Audio... waiting for that mega asteroid to take its toll... so play it LOUD.
Vacceo
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This may be the first time a class A amp may be justified. The combo of a PC and a Marantz AVR is actually heating a part of my place...
Exactly. I'll not pay more than 60% of current retail. It goes down from there with age/condition.
I'm constantly amazed how much people think their used gear is worth.
Lol... I see people stating their video card is a classic/collectible item due to some sort of special stuff about it. rflmao.
Prana Ferox
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Used prices on a lot of stuff have been high for years, due to the COVID supply chain crisis and limited new stock pushing demand to the used market. Now we're seeing more reversion to the norm. That's not just in hifi gear.
mhardy6647
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JD Salinger lived one town south of here.
A classic example is the latest in the for sale section: A $5900 retail item - $5000 being asked. With all the risk of shipping DOA, early life problems born by the purchaser. And if anything goes wrong it's going to cost much more than that $900 (presumably less shipping) saving.
I know that. That's why I thought you might have had him sign a copy for which I'd sell a kidney... at least for the down payment. Did you ever cross paths?JD Salinger lived one town south of here.
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