What is " lowball"

I'm more annoyed with people who inquire about an item listed for sale, make an offer to buy and then when an agreed figure is decided upon, they back out! Seems to me these folks never intended to buy anything! Just like to play "lookelou" and "kick the tires" or were just looking for some reason not to buy!
P*sses me off!

Sorry if this is a dupe posting to this thread. I'm trying to get this out there as I'm tired of getting hit with lowballers.

FYI

Audiogon has now defined lowball offers to be 55% off of what you list.

I don’t know if you all saw this but I got an e-mail from A’gon stating they have a new feature in place to hinder insane lowball offers.

After you log in go to your Account and select Edit Account. Then scroll down in the Policies section there is a check box to automatically reject lowball offers.


Policies

Lowball offers

Automatically reject offers below 55% of your asking price.

I wish this could be user specific. I would have set this to 45% off of listing price for my tastes but it is a start for Audiogon. I hope this button works and deters the stupidity of the lowball offers some people send.

Thanks

Buy low sell high!!

Life is too short to get all worked up about this.  If someone makes an offer that is below what you will accept, all you need to do is reject it.  If you do so politely, you may find they come back with an offer you find acceptable.  That's exactly what happened to me, when I sold my SACD player.

I've had my own consulting business now for over 18 years and after I've gone back and forth for some potential gigs, I get this "one sided" contract offered for my autograph, instead of getting my undies in a bunch, just let them know that they'll need to strike that language, or I won't accept the contract...on a number of occasions have turned down work, because I don't want to deal with people like that.

Move on to the next one!

Something similar to low-blow in boxing :-)

Good points mentioned about the values. Sometimes sellers have no idea or just being ignorant and want to get high dollar for item ain't worth a dime. 

Once I've seen dood sellin' White Album with 6-digit black serial number -- Apple label in average condition for $495. I didn't offer him $5 for his, but instead I offered him to purchase mine with embossed 5-digit serial number with above average condition $40 (also Apple label) so he can resell mine for $4,000. He replied -- "I gutta sell mayne furst". If he offered me $15...20, I would sell which would be more than 50% off asking price.

Another retail store strategies is to price product almost twice as much it should be worth and than take 50% off.

So still don't know if I'm low-baller or not. I'm just retailer.