Selling Off Magic Items?

I thought I read something somewhere that said selling magic items nets only a percentage of the market price. I think it was 50-70%.

Does this ring any bells? I'm trying to find the reference.
 

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PHB pg 112, under "selling loot"

In general, a character can sell something for half its listed price.
Characters who want to upgrade to better armor or weaponry, for
example, can sell their old equipment for half price.

Trade goods are the exception to the half-price rule.
 

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