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Thread: Makin' Money

  1. #1
    Join Date: Apr 2015

    Location: Central Virginia

    Posts: 558
    I'm Russell.

    Default Makin' Money

    I've been following some similar pieces of gear to what I have in my system, just to check their market value, for my own curiosity. And I've discovered that many of the pieces I own have increased in value.

    I recently watched a preamp like mine, a Parasound Halo 3, it sat on eBay for a long time at $565, and finally sold for that price, and I see another asking a similar price. I only paid $350 for mine 5 or 6 years ago. That's not too unusual I guess? But I recently bought the big Krell! And replaced my very nice Forte' Model 3, and they sell all the time on Audiogon for $700 to $750, and I only paid $300, again 5 or 6 years ago. That's a huge increase! In fact, almost every piece of used gear I own, is worth more now than it was when I got it within the past 7 years. Even my speakers are averaging $500 more than I paid.

    I've read an article in a hi end magazine a while back saying that Hi Fi was a terrible investment. A sure way to loose money. I guess if you must buy new, that would be very true. But in the used market I seem to be making better gains than gold bricks. Why is this?

    Is it just a shift that has occurred in these recent years? Has the cost of new gear driven up the cost of used gear? Or have I just accidentally chosen pieces they have increased in demand? Is anyone else noticing the same thing with their equipment?

    It seems to me that a big stereo could be a nice way to store wealth? As long as most of the gear you own has done most of its depreciating before you buy it. And of course it's nice enough that age won't make it worthless, it beats a no interest savings account hands down! So you've got $30k in a standard savings account, drawing about 0.0050% interest, giving you 50 cent on the thousand interest per year. And if the banks go bust and lock their doors, you have no access to it. And you have to fill out a tax form to claim those pennies. But! If you buy stereo with it, then no taxes, and home owner's insurance covers it if stolen, or lost in a fire. And you get to enjoy that money every day instead of looking at numbers on a computer screen. And if you're as lucky as I am, and most of your stereo is going up in value, it seems like a great place to hide some money. And don't forget your record collection, used records have gone up in value a lot in recent years.

    At any rate, I'm very surprised to find this trend that almost all of my stereo has increased in value since I bought it.

    Ruseell




    Sent from my iPad using Tapatalk

  2. #2
    Join Date: Dec 2015

    Location: Alicante. Spain.

    Posts: 1,221
    I'm Adrian.

    Default

    I've lost money, not because the items I've sold haven't increased in value but because I've been in a rush to sell and also in the spirit of the forum asked for roughly half of what I paid. The Siggwan arm I recently sold was half the price I paid, and the Cary's I have on at the moment are only double (give it take) the price of the valves I put into them. I guess it depends on what you want - to wait and make money or to move on and share the joys of the hobby.
    Technics SP10 mk2
    Jan Allaerts MC 1 Boron mk1 cart
    Miyajima Shilabe cart
    Hashimoto HM-X SUT
    Siggwan (gimballed not unipivot) Cocobola 12"
    Aurorasound Vida LCR Phonostage
    The Truth linestage
    Dave Slagle Autoformer Volume Controller
    Cary 805c SET amps
    Audio Note ANe-SPX speakers
    Townshend Isolda speaker cables
    Cardas Golden Presence interconnects

  3. #3
    Join Date: Jul 2011

    Location: Northamptonish

    Posts: 1,574
    I'm Peter.

    Default

    I can only recall ever making a profit on two items, out of dozens and dozens bought and sold ... so, clearly I'm clueless. Probably because I don't hang on to anything long enough for it to appreciate

    Wish I'd bulk bought Garrards, Leaks, Marantz 7s, Western Electric, etc. when they were throwing them in skips ... I'd be wealthy now.
    Trouble is that none of us ever see the value in yesterday's technology until decades later. Like bods who never sell their old cars, and put them in the barn ... 40 years ago, who'd have thought a Ford Escort would be collectable?

  4. #4
    Join Date: Nov 2015

    Location: Wolverhampton

    Posts: 3,120
    I'm Oliver.

    Default

    Yep, I subscribe to no making money out of sales on the forum and have lost £100 on the Alphason tonearm I was selling. I have however, been given stuff for free and at stupidly low prices so swings and roundabouts.

    Sent from my EVA-L09 using Tapatalk
    Technics SP10 MK2 > Phonomac AT-1010 tonearm > ZYX R50 Bloom cartridge > Jolida JD9 MKII > Firebottle Monoblocks > Creek OBH-11SE Headphone Amp > IXOS Speaker Cables > Pioneer CS-77A Speakers

  5. #5
    Join Date: Jul 2011

    Location: Northamptonish

    Posts: 1,574
    I'm Peter.

    Default

    With old stuff, you also have to factor in the cost of re-furbishment/servicing too. 'Mint' condition isn't just about cosmetics .... component aging and deterioration needs to be sorted too ime. I've had three amps recently that needed work before I was comfortable selling them on (losing a lot of money and time in each case).

  6. #6
    Join Date: Mar 2014

    Location: KY - Scotland

    Posts: 2,345
    I'm Mike.

    Default

    It's because new prices are rising so it has a knock on effect on used prices

  7. #7
    Join Date: Feb 2013

    Location: W Lothian

    Posts: 36,453
    I'm Grant.

    Default

    lost on everything. such is life for a loser like me
    Regards,
    Grant ....

    I've said it before and I'll say it again: democracy simply-doesn't-work
    .... ..... ...... ...... ................... ..... ..... ..... ..... .....
    DENON DV2900 - TWIN PRO MONOBLOCK AMPLIFIERS - XIANG SHENG DAC\PRE\HEADPHONE AMP - AVANTREE OASIS CLASS 1 BLUETOOTH - AUDIO TECHNICA ATH-MSR7 & OPPO PM-3 PLANAR HEADPHONES - WIN10 JRIVER23, SPOTIFY PREMIUM - ECHO DOT - SMSL M6 MINIDAC - FULL RANGE TWIN TELEFUNKEN's - Q ACOUSTIC BT3 actives - CANTON SUB - MAINS REGENERATED AND FILTERED.

  8. #8
    Join Date: May 2012

    Location: Dagenham Essex

    Posts: 7,183
    I'm I'mteachingmarcotheartofpishanto.

    Default

    Sell old hifi

    Who does that then

    Music , fills the gaps between silence !

    TAT Sale post Leader " Marcos Mentor "

    Also a pishanto specialist confirmed by Head Daftee

    Real name " Allen " or "Zoomer Nut”, “Numpty Napper”.

    ±± KEEP IT REEL

  9. #9
    Join Date: Feb 2013

    Location: W Lothian

    Posts: 36,453
    I'm Grant.

    Default

    Tbh, if you buy cheap and buy stuff that is in demand then you probably wont lose much and may even make a profit. I have done with records occasionally for instance. But if youve had something for a while and had the use of it then getting some decent return is good going. Cars usually lose half there value in a few months and a big chunk immediately you buy it.
    Regards,
    Grant ....

    I've said it before and I'll say it again: democracy simply-doesn't-work
    .... ..... ...... ...... ................... ..... ..... ..... ..... .....
    DENON DV2900 - TWIN PRO MONOBLOCK AMPLIFIERS - XIANG SHENG DAC\PRE\HEADPHONE AMP - AVANTREE OASIS CLASS 1 BLUETOOTH - AUDIO TECHNICA ATH-MSR7 & OPPO PM-3 PLANAR HEADPHONES - WIN10 JRIVER23, SPOTIFY PREMIUM - ECHO DOT - SMSL M6 MINIDAC - FULL RANGE TWIN TELEFUNKEN's - Q ACOUSTIC BT3 actives - CANTON SUB - MAINS REGENERATED AND FILTERED.

  10. #10
    Join Date: Jun 2010

    Location: Essex, United Kingdom

    Posts: 642
    I'm givingyouaprettygoodclue.

    Default

    I think it depends on the manufacturer or model rather than there being inflation across the piece. Take turntables as an example. In the past 10 years or so I've used a Pioneer PL-71, Roksan Xerxes and Townshend Rock II and while I'd suggest that each of them was among the market leaders of its day, none has appreciated in value, whereas other decks from the humble Pioneer PL-12D to the Garrard 401 continue to increase.

    I've only ever looked to recover my outlay when selling. Last year I lost some money selling an amp (timing plays a part - too close to Christmas) and was surprised to see it turn up for sale on various forums within a few days, with a description implying that the seller had some experience of it. Ultimately you just have to accept that it's a fickle market like many others.

    Pete

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