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
128x128Ag insider logo xs@2xva6007
IMHO, it began in earnest when cell providers started 'giving away' cells with contracts.  People noted the retail price of the item, and began to think that this sort of pricing might apply to any electronic item.  This line of reasoning was augmented by the pricing applied to flat screen TV's.  What used to be 'pricey' would be marked down so quickly that it would appear that anything a year or two old in terms of it's appearance on the market was now available for a song....and not even one sung well. *L*  And i've not even gotten to the 'haggle factor', because they don't know if you're serious even if you've posted that it's not up to negotiation.  If priced fairly, those that know will respond appropriately.  Those that don't, or just want to jerk your chain to see if you'll bite can be dealt with however you feel is or isn't worth your time.  We're in the 'buyer beware' era.  Nobody wants to get hosed, but nobody wants to give things away, either.  This sort of 'combat zone' exists on our freeways in a related fashion.  Most will 'play nice', but there's the few that seem almost psychopathic in their approach to driving.
I'd prescribe a grain of salt, but modern society seems to have inflated that to the size of a salt lick BLOCK.  Just roll with it, and channel your better self.  You'll sleep better... 
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.
Greg, there you go.  You do what you deem appropo.  Just because 'we' can act uncouth and annoying, doesn't mean you need to stoop.  Your game, your game plan....run it. ;)

This is funny to read.

Go to any high end auto auction.  The announcer may try to start the bidding of at a particular price, but a seller will always come in with a stupidly low initial offer.  Always happen.  Then the bidding really starts.

That is the case for auctions, however, one should expect people would do the same for sales here. 

I don't buy the argument that this is Audiogon and there should be a level of professionalism in bidding.

Lowball offers are going to continue to happen regardless.  At high end car auctions, someone starts with a really insultingly low initial offer and everyone just stops and looks in amazement. then the bidding begins.

This is why I would never place an item at auction without a reserve price listed.

Don't get insulted. Just move on.  As long as you don't have to sell the item for what the lowballer asked, then you are still okay.

enjoy

In part, this trend may be a reaction to the glut of way over-priced new gear on the market, designed to attract those with no taste, no experience, and no knowledge who only think they know that the more something costs, the more they want to have it.

When someone asks me for my "lowest price", I always decline to answer.  Instead, I ask that person, "Why should I bid against myself?  If you are interested, please make an offer, and I will respond to your offer."  That either ends the conversation (fine with me) or leads to negotiation and a reasonable sale price.