Audiogon Anti-Lowball Offer setting


Hey everyone,

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.

Thanks
128x128jedinite24
Hi Rodman9999

You got me. I feel real dumb. My math was way off on that 45% part of my comment. From looking at some historical sales I actually follow maplegrovemusic's formula. I'll accept 20% off of list. Sometimes 30% off of my list price depending on the situation and buyer. I'd love to have that setting that if any offer is below 35% off my listing price the offer would get auto declined. That and the buyer should only have a limited amount of offers to send to a seller. Ebay sets the limit to 3. Maybe a'gon should set it to 5?
I am of the opinion of 'send all offers', I am never offended by any offer. For any offer you consider as 'low ball', it means you need to educate the buyer, move the person to move their price up.  This is sales, 101.  Years ago I had a person offer me $100 for an item listed at $1100, worth about $900. Four emails latter I had the person at $800, and we closed the sale. No, the buyer was not Trump. 
Anyone offering up silly offers do not care if they buy what you are selling . It has happened where a buyer started low and after numerous counter offers by me got within my asking price ,then a new bidder comes along with the same offer . Who do you think i sold the item to ? Well that does not really need to be said does it ? The most frustrating aspect of the lowball bid is seeing the email that you have an offer . You think great i most likely have a sale . You get your hopes up and turns out to be that lowball crap . Thats the biggest reason why it sucks !
agree with Maplegrove. unless you are a dealer the lowball offer is really not even a nuisance. it does seem as their are more offers for 50%+ off asking price, there are also mant used items where the asking price is 15% off MSRP, actually more than the item would cost new...
the Audiogon policy that if you make a counter offer, you cannot accept other offers for 48 hours also makes it more difficult...