Ricred1 is, at the Brits say, 'spot on.' There has long been a market for very expensive equipment new, by the standards of the day, and this equipment passes down to lesser mortals as the flavor of the month makes those pieces 'obsolete.' Granted, in some or in many cases, the 'mkii' will be better, but sometimes, I'm not sure that is true or not true in all respects for all purposes (e.g. I am thinking here of my purchase many years ago of the ARC SP-10mk ii, which was superceded by a different sounding SP-11). And, unlike the car business, which is very tough to penetrate on a cottage industry level, we do have loads of small manufacturers, inventor-driven companies, that offer value for the dollar. The very raison d'etre of this site is the trade in 'used' hi-end equipment. Thanks for the reminder, Ricred1.
(And if you want to see real depreciation, look at modern high end cars which, with few exceptions, plummet in value the moment they drive off the lot).
(And if you want to see real depreciation, look at modern high end cars which, with few exceptions, plummet in value the moment they drive off the lot).