Offer / counter-offer? Audiogon rules

Fishing is a tough business.  It's a big ocean and fish can be hard to find.  Once you get one on the line, get him into the boat then you're done.  Let him get away and you don't know when the next one is going to come along, and it's just as likely as not that it will be smaller.

You have to ask yourself:
"Do I want a sale bad enough to accept an offer?
Or would I rather squeeze the lemon and possibly blow up any sale?"
Strictly either/or.

Nice fish story.

Once an offer is declined there’s no more offer 

Agree with many above. If you decline an offer or decline and counter offer, the offer you received is gone. You declined it. No obligation exists on the buyers part and you have no right to it as a seller. Good luck. 

The burden is on the offer. In real estate you list price X, potential offers Y, you counter Z. Potential declines or simply doesn’t sign/respond to the counter offer... back to zero. Negotiation over for that offer “cycle”.