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The issue of lowballing... What does that mean?

I LOVE Audiogon. I have purchased and sold many items here and it is a wonderful resource for audio nuts of every variety. Big solid state, tubes, analog, vinyl? Sure it all goes.

So I see posts that are make offer but the seller says "lowballers" will be ignored, vilified, cursed and cussed. So why have a make offer sale? Something is worth what someone is willing to pay for it. It doesn't matter what you paid for it, or how much you love it. And why be upset? Declining requires one mouse click. Countering maybe five or six clicks or keystrokes. Just curious as this is a commerce site.

I have received offers that seemed really low to me, but I am still happy to have interest and I always counter offer. I recently sold a Clearaudio TT for a lot less than I thought it was worth. But all the offers were low and I had to rethink my view. It ultimately sold as a real bargin but I'm happy and so is the buyer.

Your thoughts?
superbike
simao's avatar
simao
1,855 posts
 
I recently got a low offer on an amp I'm selling. When I declined the offer as being too low, I was berated for being one of the reasons why audiogon is now ruined.

good times!
superbike's avatar
superbike OP
12 posts
 
So recently I made an offer on a VPI-27 record cleaner. New retail is $2200. The add was for $1675. I offered $1300. Now hold Akg_ca don't brand me yet! Let me offer my logic and then feel free to brand away. Why $1300? It was situational. I have aVPI 16.5. I didn't really need a better cleaner but I kind of want one. I figured I could get $3-400 for mine so a delta of $900-1000 seemed OK. The seller declined and sold the unit in the next few days. My point is I offered the value the VPI-27 had for ME. Is that lowballing? Do you think the seller was offended? Would it have helped for me to explain my offer - not to sell them on the idea but to be sure it was not taken as an insult?

Yesterday I purchased a Magnum Dynalab MD-90 tuner in silver on a make offer ad. It was listed at $849, no PayPal fee, shipping included. I hit the buy it now and paid full price. Why? Because I really wanted it. I love the silver, I love Prairie Home Companion, Alec Baldwin and the NY Phil, and Wait, Wait don't tell me. Yes I am a nerd. It was silver and looked immaculate. Again I bought on the value to me, not to the seller, not based on blue book. As a matter of practice, would you have offered less?

Cheers, SB
superbike's avatar
superbike OP
12 posts
 
WOW, Simao that is kooky. Never had that happen. So you "ruined" it by not giving it away? That is kooky.
isochronism
2,893 posts
 
Hello Superbike,
Your idea of making an offer with explanation seems very reasonable to me. It may have actually helped you get it at your offer as some buyers always automatically try to get the price down.
I bought a Magnum Dynalab 160T here some time ago. Mine was the usual blackface and it worked visually with my system. The silver face are much rarer and very handsome. Mine came with the MD Signal Sleuth which really helps. I then purchased the MD ST-2 antenna. I am located on a top floor apartment and have the antenna mounted with a hose clamp to a terrace railing. My main station is WQXR which I love. I don't quite love Alec Baldwin, tho. HA! Enjoy your GREAT your tuner!!
zydo's avatar
zydo
242 posts
 
superbike, its got nothing to do with what I think is a fair price. (I already know that) I'm talking about the drop dead ridiculous offers. Even the items I list as firm still get these offers. I'd love a $50,000 pair of speakers, or a $30,000 amp. I still won't send an offer of $5,000, or $3,000 to someone trying to sell them. I think my first post sums it up. If I list an item at $2,000, OBO, $1,600 is reasonable. (I still won't take it, but legit) $400, that's a lowball, and they know it. I can't make up my mind if these people are that dumb, or if they think I, or any other seller might be.
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