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

Showing 3 responses by jmcgrogan2

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.

You can always counteroffer with a price 50% higher than your asking price.
This always seems to be fairly amusing.   ;^)
The sad fact is that they would not be doing this if it were not a successful buying method for them. For every 20 ads they throw a lowball offer at and get laughed at or yelled at, they probably will get one desperate seller to bite.

It's very similar to the young guy who has too much self esteem issues, just asking 100 women to sleep with him. Sure, he may get spit on and slapped dozens of times......but the payoff is worth it to him if 1 or 2 of them say yes.

Some people just have no problem handling rejection.
Either they enjoy the rejection, or they must catch some fish using their buying methodology.