What's up with the ridiculous offers?!?


Is it just me or are the high volume of low-ball offers surprising anyone else?

Example: I list an item at 60% off what a current, desirable  component sold for new, and I get an offer for half (or less) of what I am asking! I've have been buying and selling high end audio & video gear for over 40 years and I know the value of gear, but I have never experienced such an destructive trend. I expect it from Craigslst or at a garage sale, but not from Audiogon.

I understand an occasional low offer, and it's usually accompanied with an explanation or apology for the balz it takes to make such an offer, but I am getting absolutely offensive offers for more than 75% of what I list.  

Are there any other sellers that would like to commiserate with me? Am I missing something? Is it just me?

- REV
va6007

Showing 1 response by falconquest

I guess I don't understand the issue. If a lowball offer is received then the person isn't serious and you can simply ignore them. You're not out anything. Sometimes people sell things because they need to raise money. I recently offered a seller 40% less than his asking price (full disclosure, albeit on ebay) for a very collectible cd and he jumped all over it. I anticipated a counter offer which is why I started low. I didn't try to offend anyone, I just made an offer and got lucky. Quite frankly I was fishing for the price point he would actually sell it for and I probably could have bought it for less. As it is, he's happy, because he sold it,  and I'm happy for the great price. I don't see an issue here. As a matter of fact, sellers make the market when they sell at a given price. Ever bought and sold stocks?