Can asking price be changed after offer is made?


Is it ethical to change your asking price after you receive many offers?

Last night some one ran TWO ads for the same model of Billy Bag stand for $200. I made an offer on one ad and the seller told me that he will make a decision later. Then on this same ad (same item number), the seller changed the price to $300.00. The other ad still has the price of $200 but it was marked SOLD.

Seems like greed speaks louder than ethics. Can an user do anything about the fact the item price is jacked up *after* the buyer made an offer? I wanted to contact audiogon service but cannot find any link to send them an e-mail.
cuonghuutran

Showing 2 responses by moto_man

I am a lawyer and legally, when there is an offer to sell at a certain price and an unqualified acceptance, there is a legally binding contract. However, the reality of the deal, as pointed out by others, is that there is no practical way to enforce that contract. If there are several offers, the seller is free to not accept any, and re-offer the goods at a higher price. Closing the deal quickly is the only way to make sure. Until then, you never know.
I think that from a legal standpoint, Sean is correct. "Best Offer" does not necessarily, although usually, refers to offers less than the asking price. But there is no reason "best offer" is limited in that way.