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
@Jedinite24 How do you consider somebody making you a lower offer than your asking price to be equal to a slap in the face ? ,im curious how you determine a set value on the gear you sell.

Ive bought enough gear to drive the 2 massive systems i have now as well as the hundreds of pieces ive sold ,ive not paid asking price for a single piece ive bought,nor have i been paid asking price for all the gear ive sold ,which is why im wondering how you determine your gears value so definite you consider a lower offer equal to a slap in the face ? 
In my experience, most of the low-ball offers come from people who message you thru Audiogon, not those who make a formal offer on the site.

This reminds me when I had a McIntosh receiver for sale and a very nervous-sounding guy from Ohio went back and forth on Audiogon's messaging with me about issue after issue (will my rack accommodate?  will you drive and meet me half way? will you accept $$$? etc.)  After a few days of this, a nice young man from Texas made a formal offer, I made a counter offer and the deal was done.  When the guy from Ohio saw the unit had sold, he criticized me for selling the unit "out from under him".
I had a similar experience with someone from Ohio with lowball offer after lowball offer. 35 emails later I had him blocked from contacting me and added his direct emails to my spam folder. My dealer ended up selling my speakers for me.
As a seller I generally know the market value of the gear I am selling. Usually interested in moving the piece, and ask what I believe it should sell for. If I had the choice, I would set the lowball cutoff at 20%.  

As a buyer, if someone is asking much more that I believe the market value is, I pass.