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
I always respond to all offers, the ones I get most most kick out of, are the ones that low ball and then expect the seller to pick up shipping and Paypal fees as well. Normally I will decline or make a counter offer, and then the potential buyer disappers. These kind of offers, are put -forth only to see how desperate the seller is to sell that item. Sell yes...give away no.  
I think that the spate of lowball offers is derived from a recent article regarding the markup on "consumer electronics" and a pending lawsuit by Radio Shack against its suppliers.  There's a post somewhere on here about that...

While I don't begrudge any dealer from making a return on investment, I am curious as to why there appears to be what in other industries would be termed price-fixing by the manufacturers.  A manufacturer that restricts its dealer network from advertising prices anywhere should be questioned about such policies because MY money is just as important as their's is.  

Back to subject:  When I tender an offer to a fellow member I explain in detail my reasons why;  bluebook reference,  Paypal fees,  shipping, and anything else I feel is pertinent to the item itself.  I've had perhaps two or three offers rejected,  then countered,  usually resulting in a purchase.  

Most members here belong for a reason.  That reason is that most members here take care of their gear,  some even give up children,  spouses,  smoking and drinking to ensure the condition of it. 

Many ads here do contain the caveat that "lowballers will be ignored" or "not responded to."  It's worked for me.


"What’s your bottom line?" Is that a problem?
@zavato , that in itself is not a problem, personally though, I’ve found these folks just to be tire-kickers or lowballers.
As @oregonpapa mentions, most of these folks tend to use the bottom line as a starting place for negotiations.

Personally, I believe it takes two to negotiate. I don’t enjoy negotiating with myself. Most of my sales come from someone making an offer and then we negotiate from there.

Folks that just throw out the "what’s your bottom line?" question are not seriously interested in what you are trying to sell. They are simply scavengers looking for steals.

Nothing wrong with that, if that is your bag. I usually will reply to them with "what is your best offer?" question, and never hear from them again.
Hence, I don’t look them as a potential buyer when I get those questions, as I am not a desperate seller or buyer.
Patience is a virtue on both ends.

As for lowball offers and ridiculously high asking prices, they don’t bother me much anymore. Life is too short, why waste time with buyers and sellers who are just fishing and not really interested in buying or selling?
Let people be...we live in a society with enough rules. If you don't like the communication simple don't follow. If you don't like low ball offers don't put the option if you think your emotional value on the piece is part of the price you are wrong as well...
I have been there both ways..
I guess no one here has ever been to a Middle Eastern Bazar

Or read Herb Cohen's book. 

Look, no one is forcing anyone here to sell anything or buy anything

Audio is my hobby, not my business. If I buy something, I would love to get a great buy. And let's face it, no on who has gone shopping and found something on sale insists on paying the higher pre-sale price. And when I sell I want to get a decent value. 

Remmber the pre-Internet days? It was so hard to sell stuff. You either put an ad in a local paper or sold to a dealer and got pennies on the dollar.