The cue market is going to be driven by the economy of pool players....many of us are making less/need cash, and many peoples source of cash when money runs out is selling cues....there have been some really good points in this thread already:
Simply put, many more sellers than buyers....cash is tight for a number of folks and cues are not a big priority....
Cash only - previously, the market supported itself, many folks could trade up with a few hundred out of pocket....you see a lot more posts where it is cash only, which limits buyers....again, many are cash poor....
"Steal of the day" - this phrase or others like it are a joke....if you bought a cue for $800 a year ago, believed it was well worth $1000, and now are selling it for $750, that is not a steal.....now, the same cue, but you are selling for $550....that is a steal....too many steal of the days that simply are not a special deal...
Feelers - a lot of folks are getting close to needing cash, so cues are being posted for sale, but not at a price that will really move the cue....they don't really want to sell, but they are getting close to needing to sell, but they aren't quite willing to move it.....therefore, you just post a price higher than the market and then sit....
A cue I used to own in showroom condition that was easily valued at $600 and paid for at that price just recently sold at $400.....it started much higher, but he wanted to sell and dropped the price until the market hit it's price point....I would venture to say cues are actually roughly worth 2/3's to 3/4's of previous sold value....as always, some will still appreciate/hold value better, and some will bleed value much, much worse...