Surely everyone has heard the terms “supply and demand”.
Well, not everyone really understands this & it’s about to happen.
The supply of available cues right now isn’t going to change one iota.
However, the amount of discretionary income to buy them is shrinking.
When the economy goes into a downturn due to a recession or market
correction, the supply of disposable discretionary income proportionately
suffers. So there are less buyers in general and more demanding ones
that expect more of a deal or bargain when cues do not sell fast or the
buyer is asking a price of thousands of dollars. That is just the economic
facts of life. Since the current supply of cues isn’t going to reduce but the
number of buyers with the disposable cash is, prices will suffer. People
either hold onto their cues or take less than what they originally wanted.
Sure, there are some cues that will sell fast and at the asking price too
but that is usually with a prominent name cue-maker and the cue has
been attractively priced. We’ve all seen unrealistic sellers that keep
lowering the sale price just like we’ve seen a cue sell in a few hours.
When it is a nice cue and priced to sell fast, it has a chance to do that
but with COVID-19 and the devastation to our economy and globally as
well, people just have higher priorities with their money than a cue whereas
just over a month ago, there weren’t any cases in the USA. Cues go to the
back of the line when you are fighting to remain afloat and so like with every
urgent situation, there could be some highly motivated sellers of cues in the
future. Only time will tell but the worse things get, less cues will get purchased.
