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Re: Secondhand Items - Pricing Debate
Posted: Sun Nov 06, 2022 1:17 pm
by montechristo358
NSNO2021 wrote: ↑Sat Nov 05, 2022 7:42 pm
A fair price is what someone is happy to pay for and to my way of the thinking what the seller paid for is immaterial
indeed, otherwise I'd be expecting people to sell their houses with no increase over what they paid for them in value, just to be fair to everyone.
I'm sure DQ would agree?
That said in the particular case that started this debate I have no idea what I paid back then so have priced at what looks to me reasonable v the cost of a new one. As always if anyone wants to make an offer of what they think its worth........
With stuff like this the other consideration is always what it would cost me should I require another one in the future and I doubt I'd get one for less than or even the asking if I find selling was a bad idea!
That said thinking like that is why I always have a cupboard full of unused gear clogging up the place!
Re: Secondhand items - pricing debate
Posted: Sun Nov 06, 2022 1:30 pm
by George Hincapie
I don't think what the seller paid is immaterial, for sure it factors into the formulation of an offer. It's foolish to give people free money 'just because'.
Sellers should set their price to reflect market conditions, whether that's with houses or audio components.
Re: Secondhand Items - pricing debate
Posted: Sun Nov 06, 2022 1:53 pm
by Lindsayt
montechristo358 wrote: ↑Sun Nov 06, 2022 1:17 pm
NSNO2021 wrote: ↑Sat Nov 05, 2022 7:42 pm
A fair price is what someone is happy to pay for and to my way of the thinking what the seller paid for is immaterial
indeed, otherwise I'd be expecting people to sell their houses with no increase over what they paid for them in value, just to be fair to everyone.
I'm sure DQ would agree?
That said in the particular case that started this debate I have no idea what I paid back then so have priced at what looks to me reasonable v the cost of a new one. As always if anyone wants to make an offer of what they think its worth........
With stuff like this the other consideration is always what it would cost me should I require another one in the future and I doubt I'd get one for less than or even the asking if I find selling was a bad idea!
That said thinking like that is why I always have a cupboard full of unused gear clogging up the place!
Daniel Quinn wrote: ↑Sat Nov 05, 2022 7:29 pm
4 years old and selling it for more than double what you paid for it .
Sign of the times .
This is one of those where I am in agreement with what DQ said and in agreement with what montechristo said.
On the one hand, it's fair comment for DQ to say that £450 does seem like an excessively high asking price.
One of the foundations of this forum was Richard Dunn battling against the slurp.
On the other hand it was just an opening price from montechristo. And it can be tricky to put an appropriate valution on an item. Especially when there's not 10 similar items already on sale on ebay.
Re: Secondhand Items - pricing debate
Posted: Sun Nov 06, 2022 1:58 pm
by George Hincapie
Lindsayt wrote: ↑Sun Nov 06, 2022 1:53 pm
This is one of those where I am in agreement with what DQ said and in agreement with what montechristo said.
On the one hand, it's fair comment for DQ to say that £450 does seem like an excessively high asking price.
One of the foundations of this forum was Richard Dunn battling against the slurp.
On the other hand it was just an opening price from montechristo. And it can be tricky to put an appropriate valution on an item. Especially when there's not 10 similar items already on sale on ebay.
It is difficult to price audio components. I find it very hard to determine a fair price. For example, I recently sold a Metrum HPA that cost £1000 when new. The previous sales on eBay suggested £500 or so, so that's around what I set it at. It went week after week without a buyer, and in the end someone took it for my opening price of £250. A real bargain for them, but not close to what I wanted. That's the way the cookie crumbles sometimes.
Re: Secondhand items - pricing debate
Posted: Sun Nov 06, 2022 3:28 pm
by NSNO2021
I regularly buy and sell all sorts of stuff. Sometimes I am delighted by the bids and sometimes disappointed. There's no written in stone rules to the what someone sets the initial price at and that's why I stick by my original response of a fair price is the price someone is prepared to pay the seller
Re: Secondhand items - pricing debate
Posted: Sun Nov 06, 2022 3:50 pm
by savvypaul
One tool available to both buyers and sellers is the Completed Listings feature on eBay (as alluded to above, by GH). Search for your desired item(s) on eBay, then click on 'Advanced' and select 'Completed Listings. The results will show you what the same / similar items have sold for (or failed to sell for) over the course of the past several months.
A completed listings search for 'NVA' in the 'sound & Vision' category has just returned these results:
https://www.ebay.co.uk/sch/293/i.html?_ ... =1&_ipg=60
Re: Secondhand items - pricing debate
Posted: Sun Nov 06, 2022 4:07 pm
by CN211276
The BMU was sold for more than what I paid for mine six years ago. Can't remember what I paid for my Cubettes but I think it was less taking into account the £35 postage.
Re: Secondhand items - pricing debate
Posted: Sun Nov 06, 2022 6:48 pm
by Daniel Quinn
Montecristo . You are so wrong . House price inflation is however completely different and complex
I find it best not to assume anything
Re: Secondhand items - pricing debate
Posted: Sun Nov 06, 2022 11:31 pm
by montechristo358
your previous postings on this topic would suggest otherwise to me, but hey ho.........
Re: Secondhand items - pricing debate
Posted: Mon Nov 07, 2022 4:15 am
by southall-1998
I agree with Daniel. That AP10P is overpriced!
S.