Pricing Used Upholstered Furniture (General Topic)

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I know that how much one charges for a piece of used upholstered furniture depends on condition, age, maker, and even simply what the market will determine. But I'm curious as to what your ideas are regarding price reductions relative to the new price.

For example, this person is selling a 74" $1400 Sherrill sofa (now selling for $1600 new), one year old, for $850. Would you consider that to be a reasonable reduction, since the sofa is in "never used" condition? What about if it had been "gently used"? Different price? Or does new, upholstered furniture, like a new car, take a nose-dive in value the second it leaves the showroom?