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
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I think it is lower caliber people who are looking to buy quality equipment cheap to resell. 
People who are not true audiophiles just people looking to make a buck. I receive lowball offers as well, and I love the ones who try to pressure you into selling for what they want to pay. Speaking for myself, when I am selling something it is because I have bought something I like better and just want to sell the item so it is not just collecting dust. If it takes a year to sell something it bothers me not. 
The lowballers are idiots. I usually do not even respond rediculous offers. 
When I am a buyer, I confess to trying to pay the least I can for the best quality. When I am selling, the best answer to an offer that is too low is "no." Either way, I can't relate to those who get "personally insulted." It about the equipment, not the person.
I agree with those who don't like "What's your bottom line?" Almost always, I answer, "Make me an offer and if I don't accept it, I'll counter it."  Asking for a lower price without making an offer is a tedious and juvenile negotiating tactic -- which doesn't mean that it always fails.
Greg,
 there is an underlying effect of online trading that pushes everyone to expect low-ball prices. Plus there are trading movements that  eat up traditional margins you may have enjoyed. For instance, my 2nd business of many years is trading performance vehicles, the change made by the internet is that my sources (Car Auctions) all have now shifted to retail and only auction if a vehicle does not sell for a month, using the same online outlets as myself. Therefore I am shoulder to shoulder with my supplier who just ate my lunch!
Its something that many businesses don't see coming, and even small sites (initially) like PartsTrader, a gateway for salvage parts to repairers, now controls the industry, and guess which way salvage car parts have gone?
So I suppose rule 1 is who controls the data sets the price, and the lowest searched for price - even historically - not current, is the datum.
And rule 2 is that traditional supply chains are not static, and will change and be replaced by those online sites with critical mass and volume.
On a final note selling my Quad ESL 63's a few years back a guy called and immediately went on the attack offering a third of the asking, and being very aggressive, inferring I would be lucky to have him buy them. My response was "Guess what? YOU cant buy them because I wont sell the to you." Hung up and he called back with a torrent of abuse, I replied " You need to know how to talk to a grown up when you are buying something, and you still wont be able to buy these from me."
Difference is that most popular Hi-fi pieces have a known value such as ESL63's - more exotic stuff that's not so well known - good luck getting anywhere near a high percentile of purchase.
I think also that buying cold from Hi-Fi reviews is fading, as someone SOMEWHERE would have reviewed them as the best thing since sliced bread beating others at many times the price - sound familiar?