Is a offer of -20 percent on an OBO ad insulting?


I made a offer 20% below the sellers asking price on a Krell last night. The seller emailed that I shouldn't waste his time with such a ridiculous offer and that he was blocking me from his email list. Was I out of line?
motoman

Showing 1 response by p_mmk

I agree with Herman. While I typically offer about 90%, I don't think an 80% offer is deserves that type of response. A simple "your offer is to low would have been sufficient." Often with low ball offers I just send back a counter offer and to my surprise many times they will move up. I am surprised by people being insulted. Your selling an object; a thing. We are all looking for bargains that's why we buy and trade on audiogon. If not we'd be buying retail.

Also who determines going rate? As an example, I have looke at the prices of a Pass X250 (I own the x150). Look how many are on sale here and most of the going rate is around $3500 to $4000. None of them have sold. There is one for $3200 a 20% discount off of the "going" rate and it has not sold yet. I have not made any offers since I am not ready to purchase, but let's face it, the Pass x250 is probably worth in the low $3,000. Yet I'm sure many will be offended with a $3200 offer.

Just my thoughts,
Paul