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At US$520, this Schiit Lyr 3 listing is ambitious compared to the typical used market, where the median asks US$150 and the 75th percentile sits at US$299 based on 388 recent comps; the price exceeds the 75th percentile by nearly double. New, the Lyr 3 with its Multibit DAC module currently retails around US$699–US$724, so while you’re paying slightly under new, the used benchmark suggests this is a steep ask for a used unit unless the condition is pristine and tubes are premium.
The Lyr 3 remains well-regarded for its hybrid modular design, delivering warm, organic tube sound with the precision of Schiit’s multibit DAC, making it a standout for analog-leaning headphone enthusiasts. If those three included tubes are high-quality originals and the unit is truly in excellent condition with no hidden issues, the US$520 price softens into a fair opportunity for someone seeking a new-old-stock feel without the new markup—but it’s not a bargain by used standards.
Independent perspective — not a price guarantee. Always verify condition, accessories and provenance before purchase.
Schiit Audio: Brand Overview
Schiit Audio is an American audio company founded in June 2010 by Jason Stoddard and Mike Moffat, two veteran engineers with deep roots in the high-fidelity industry. Based in California with manufacturing operations in Texas, the company emerged from a shared vision between its founders—who had reconnected after years in separate audio ventures—to democratize desktop hi-fi. The name itself, deliberately provocative, reflects Stoddard's irreverent approach to a traditionally buttoned-up market, born from his wife's exasperated suggestion during late-night garage sessions.
The company specializes in personal audio components, with a product portfolio spanning digital-to-analog converters (DACs), headphone amplifiers, preamplifiers, and integrated amplifier-DAC combinations. Schiit's first product, the Asgard headphone amplifier, launched in 2010, followed by the Bifrost DAC in 2011. The lineup ranges from entry-level pieces starting around $99 to premium offerings exceeding $2,000, with the company positioning itself as a leader in direct-to-consumer audio sales.
Schiit occupies a distinctive position as an accessible yet credible player in the audiophile market. Rather than pursuing ultra-premium positioning, the company has built its reputation on delivering genuine sonic performance at consumer-friendly prices—a philosophy its founders describe as trying to "out-cheap" each other. This strategy has resonated strongly; the company has grown substantially since inception, operating from a dedicated 15,000-square-foot facility and maintaining a reputation for transparency, quality engineering, and genuine engagement with the audio enthusiast community.
See all Schiit Audio listings on RADAR.
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