Results 1 to 7 of 7

Thread: got half a million bucks? Wanna open a vintage audio store?

  1. #1
    Senior Hostboard Member
    got half a million bucks? Wanna open a vintage audio store?


    Alien_Shore's Avatar
    Join Date
    April 25th, 2012
    Location
    Virginia
    Posts
    738
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    4 Post(s)

    got half a million bucks? Wanna open a vintage audio store?

    - Mike

  2. #2
    HB Super Moderator
    got half a million bucks? Wanna open a vintage audio store?


    Altec Best's Avatar
    Join Date
    June 10th, 2008
    Location
    Central New Jersey
    Posts
    4,225
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    12 Post(s)

    Re: got half a million bucks? Wanna open a vintage audio sto

    This was listed a couple times before at $500K. With no bites. As long as this listing has been listed he could have listed them individually but would hate to have to do the shipping on all of that.. Boy would I love to be able to pick through that.. He has a pair of WE 728B's 12" speakers.. They are super rare and worth a lot of green.In the 5 figures range IMO.

  3. #3
    Senior Hostboard Member bowtie427ss's Avatar
    Join Date
    July 24th, 2006
    Location
    Rural NY
    Posts
    3,895
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    25 Post(s)

    Re: got half a million bucks? Wanna open a vintage audio sto

    Actually sat down with a couple buddies and started trying to intelligently put some REALISTIC value on this stuff at one point a while back. There are a couple important factors, not the least of which is the location, they're not in a land where anyone should be trusted, especially when dealing with 6 figure price tags. Another HUGE consideration is the condition of any of this gear.

    Broken/blown 728b's take a HUGE hit in value, as does just about every other piece of gear listed. Consecutive s/n models 9's sound impressive, until you discover a non-working power or OPT.

    Without investing in plane tickets, hotel fare, meals, hiring a technician/consultant w/crew and test gear, you could not even begin to have a comprehensive assessment of value for that lot. It would be a several thousand dollar investment just to determine what's there and it's condition in order to make an educated and intelligent offer.

    Ultimately, and even with the purchase power at hand, we could not justify an offer at even 40% of the asking price. Too many unknowns making it a colossal gamble.

    As one huge lot at that price, it will still be for sale after most of us are dead and gone.

    The owner/seller here is going to get a valuable lesson in the value of the "hoard". If he wants a fair shake for this stuff, he's gonna work for it.
    Not all vegetables make good leaders.

  4. #4
    HB Super Moderator
    got half a million bucks? Wanna open a vintage audio store?


    Altec Best's Avatar
    Join Date
    June 10th, 2008
    Location
    Central New Jersey
    Posts
    4,225
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    12 Post(s)

    Re: got half a million bucks? Wanna open a vintage audio sto

    Quote Originally Posted by bowtie427ss View Post
    Broken/blown 728b's take a HUGE hit in value, as does just about every other piece of gear listed. Consecutive s/n models 9's sound impressive, until you discover a non-working power or OPT.
    Obviously Tom it will take a hit if they are blown. My post was for a working pair.They are rare ! And even blown will still command a big price tag but nowhere near a minty working set ...

  5. #5
    Senior Hostboard Member bowtie427ss's Avatar
    Join Date
    July 24th, 2006
    Location
    Rural NY
    Posts
    3,895
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    25 Post(s)

    Re: got half a million bucks? Wanna open a vintage audio sto

    Quote Originally Posted by Altec Best View Post
    Obviously Tom it will take a hit if they are blown. My post was for a working pair.They are rare ! And even blown will still command a big price tag but nowhere near a minty working set ...
    Oh we're fully in agreement AB. My point more than anything else is that this lot is just a flight of fancy. It is grossly overpriced, and underrepresented.

    A partial list I started mostly off the top of my head of what I have and I will be adding to this list in the upcoming days. This will not be a full inventory of what is being sold but a rather a partial one to communicate the value of what is being sold.
    This is a total bullshit line. He's done nothing to communicate a ballpark value or even a vague representation of condition of anything in the lot.

    How do you sell a business, or even get an appraisal without a complete inventory?
    Not all vegetables make good leaders.

  6. #6
    Senior Hostboard Member
    got half a million bucks? Wanna open a vintage audio store?


    Alien_Shore's Avatar
    Join Date
    April 25th, 2012
    Location
    Virginia
    Posts
    738
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    4 Post(s)

    Re: got half a million bucks? Wanna open a vintage audio sto

    I agree with everything said.
    To take the high road and assume positive intent, the guy is trying to use a very inexpensive advertising channel to reach a potential buyer of his inventory. Obviously if you were going to make a six-figure investment, a few thousand bucks is table stakes to spend on due diligence.
    - Mike

  7. #7
    HB Super Moderator
    got half a million bucks? Wanna open a vintage audio store?


    Altec Best's Avatar
    Join Date
    June 10th, 2008
    Location
    Central New Jersey
    Posts
    4,225
    Follows
    0
    Following
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quoted
    12 Post(s)

    Re: got half a million bucks? Wanna open a vintage audio sto

    Agreed ! He listed them twice at $500K and now he has it listed for $550K.IMO he has no intention of selling any of it.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This forum has been viewed: 24464973 times.