What's up with the ridiculous offers?!?


Is it just me or are the high volume of low-ball offers surprising anyone else?

Example: I list an item at 60% off what a current, desirable  component sold for new, and I get an offer for half (or less) of what I am asking! I've have been buying and selling high end audio & video gear for over 40 years and I know the value of gear, but I have never experienced such an destructive trend. I expect it from Craigslst or at a garage sale, but not from Audiogon.

I understand an occasional low offer, and it's usually accompanied with an explanation or apology for the balz it takes to make such an offer, but I am getting absolutely offensive offers for more than 75% of what I list.  

Are there any other sellers that would like to commiserate with me? Am I missing something? Is it just me?

- REV
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Showing 2 responses by greginnh

The annoying part for me is getting messages stating something like "if you can lower the price to x, I will take the item".  When I do respond with "yes", they never make the offer. Now, I just decline ridiculous offers and tell the others to make a formal offer using the Agon process and I will consider the offer.
I just sold a bunch of stuff this week. I countered low-ball offers with DECLINE and reasonable offers with counter offers.  I ended up with between 85% to 90% of my asking price for all items. 

I was was happy with outcome and it was rewarding not to waste time with low-ballers!