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.


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.

Thank you for sharing. I applaud Audiogon for adding this feature.  But they should allow user defined threshold for our listings, just like eBay. Many of us expressed concerns over the ridiculous low ball offers. I do sell quite a bit here and man, wish you could share the flock of low ball offers comes through towards the end of your listing duration.  

I simply laugh and ignore the offers.  
Bottom feeders and turkeys i tell them keep on trucking.
ebm, I like that :-)
When does an offer below the asking price become a "lowball" offer? I really don't know but, knowing that the asking price is an arbitrary figure, I typically will offer up to 20% below it. Let's face it, once you decide to sell any piece of equipment you just want it gone. I'll admit that 45%-55% below the asking price is ridiculous, but so are some of the asking prices I see here and on other sites. To sum up, the only thing better than buying equipment that you always wanted, is buying it at a price you wanted to pay. Feature or no feature, it certainly doesn't take much to ignore any offer. Just my opinion!
Thanks for passing that along.
Somehow I missed it!
Best regards...
When does an offer below the asking price become a "lowball" offer?

That is rhetorical question, right? As obviously "lowball" means many different things to many different people. I think everyone can agree that offering less than 55% of asking price is a "lowball" offer though.

I'll admit that 45%-55% below the asking price is ridiculous, but so are some of the asking prices I see here and on other sites.

What makes an asking price ridiculous? Another rhetorical question.

Let's face it, once you decide to sell any piece of equipment you just want it gone.

Not true. Maybe in my younger years I panicked , but I've learned that patience is a virtue, as a buyer or a seller. Just as some buyers will panic and overpay, some sellers will panic and undersell as well. It's human nature to want to take advantage of an impatient buyer/seller.
It may take me months to sell an item, but I would rather wait than give it away. I approach buying the same way.

In fact I will usually try to sell an item on another site for a couple of months before I break down and buy an ad on Audiogon.
Audio Asylum Trader and USAudiomart have lower traffic, but lower scammers too, and they are free.
Some items have even taken me years to sell. Almost everything sells eventually though.

" Automatically reject offers below 55% of your asking price "  &   " I would have set this to 45% off of listing price ".     What's the difference, as they equal the same discount(just different semantics)?    I have to agree, lowballers are annoying and letting the seller determine the acceptable knock-off rate would be a good practice.    
Once again, Audiogon sticking it's nose where it doesn't belong. A "low ball" offer can develop through productive discussions. Too much policing again and anything to get their fees.
Selling an item for $1000 . Twenty percent ($200) is max i would even consider if listed conservatively . 
Feel free to serve up low ball offers to anyone selling overpriced cables though 
To me this lowball offer setting is like eBay’s auto decline offer setting but the only difference is the user can set the tolerance while here it is fixed. Definitely there is room to bargain in any sale but IMO the lowballing has just gotten out of control across all selling sites. I’ve listed all sorts of items on various selling sites. Before listing and setting my starting price I look at comparable completed sales, take the average of those sales and list at that price. To me that is a fair market value price. Then as soon as I list I get 50% to 70% off of that price constantly. I wish I was like TonyKay and others that can just let BS not bother them but after awhile of constant BS I start getting very angry. It gets frustrating when you research to set a fair price and repeatedly get slapped in the face with lowball offers. It is such a waste of time. I’m beginning to laugh at the stupidity of the offers but there are times my patience just wears thin.

To me this lowball offer setting will make the A’gon user experience a lot better and deter the idiot bottom feeders. At least that is what I hope will happen.
Hi Rodman9999

You got me. I feel real dumb. My math was way off on that 45% part of my comment. From looking at some historical sales I actually follow maplegrovemusic's formula. I'll accept 20% off of list. Sometimes 30% off of my list price depending on the situation and buyer. I'd love to have that setting that if any offer is below 35% off my listing price the offer would get auto declined. That and the buyer should only have a limited amount of offers to send to a seller. Ebay sets the limit to 3. Maybe a'gon should set it to 5?
I am of the opinion of 'send all offers', I am never offended by any offer. For any offer you consider as 'low ball', it means you need to educate the buyer, move the person to move their price up.  This is sales, 101.  Years ago I had a person offer me $100 for an item listed at $1100, worth about $900. Four emails latter I had the person at $800, and we closed the sale. No, the buyer was not Trump. 
Anyone offering up silly offers do not care if they buy what you are selling . It has happened where a buyer started low and after numerous counter offers by me got within my asking price ,then a new bidder comes along with the same offer . Who do you think i sold the item to ? Well that does not really need to be said does it ? The most frustrating aspect of the lowball bid is seeing the email that you have an offer . You think great i most likely have a sale . You get your hopes up and turns out to be that lowball crap . Thats the biggest reason why it sucks !
agree with Maplegrove. unless you are a dealer the lowball offer is really not even a nuisance. it does seem as their are more offers for 50%+ off asking price, there are also mant used items where the asking price is 15% off MSRP, actually more than the item would cost new...
the Audiogon policy that if you make a counter offer, you cannot accept other offers for 48 hours also makes it more difficult...
A seller can just say no. There are no ridiculous offers. If you don't like an offer say no thanks.