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
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.  
I don't blame people for trying to see if they can get a better price on used equipment, but some of the games people play are just a waste of time.

I will not agree to any pricing via email, will insist the potential buyer make a formal offer thru the site.  I had a guy go back and forth on Audiogon's messaging, eventually we spoke by phone and agreed on a price and a day/time for him to drive up to my house to pick the unit up.  When he arrived, he said that, during the drive he decided he'd pay $600 less than we agreed on for the item.  After I told him I wouldn't sell to him, he had the audacity to ask to see the unit.
I’m currently trying to sell an Anthem I225.  I’ve had 7 people over the past 2 days say they are buying it.  I answer all their questions, e-mail back and forth and then they go cold. 
I’ve only done this one time and I felt horrible about it and in retrospect, probably should have gone through with the purchase.  I have never arrived somewhere, demo’d a unit and then negotiated further after we had already arrived at a price.  I friggin hate that, especially because I sell my stuff at lower than average prices.  
I’m going to try to sell my Anthem today at the same low price that the others beat me down to, to another new buyer.  I figure if I’m giving someone a good deal, it’s not going to be the low ballers.

The way people place little to no monetary value on experience and knowledge is quite telling of the buyer.  I’m saying this in response to people wasting sellers time (usually at brick and morter stores) milking them for info and demo’s only to go buy from the lowest price seller.  Most people would dis their grandma in order to save $5.