The issue of lowballing... What does that mean?


I LOVE Audiogon. I have purchased and sold many items here and it is a wonderful resource for audio nuts of every variety. Big solid state, tubes, analog, vinyl? Sure it all goes.

So I see posts that are make offer but the seller says "lowballers" will be ignored, vilified, cursed and cussed. So why have a make offer sale? Something is worth what someone is willing to pay for it. It doesn't matter what you paid for it, or how much you love it. And why be upset? Declining requires one mouse click. Countering maybe five or six clicks or keystrokes. Just curious as this is a commerce site.

I have received offers that seemed really low to me, but I am still happy to have interest and I always counter offer. I recently sold a Clearaudio TT for a lot less than I thought it was worth. But all the offers were low and I had to rethink my view. It ultimately sold as a real bargin but I'm happy and so is the buyer.

Your thoughts?
128x128superbike

Showing 1 response by frogman

For me, Viridian and others with a similar take got it right. I also think we conveniently overlook our tendency (hipocracy?) to want the best possible price when selling, and the lowest possible when buying; that's human nature, with nothing insidious about it. Sure, some buyers get pretty ridiculous with ridiculously low offers; just ignore them. But, for some (me), buying used, sight unseen, on-line is a huge gamble with, potentially, little recourse if something is or goes wrong. The potential for something going wrong, regardless of the seller's feedback, is much much greater than when buying from a reputable dealer (duh!). Consequently, the price of a used piece needs to reflect what is a very substantial discount over buying new to make up for the potential hassle/loss. What that mount of discount needs to be, to make the purchase worthwhile to any given seller varies widely. It's called aversion to risk; its very different for each of us. So don't assume that a buyer is just being an unreasonable ahole. If you don't like the offer, just move on.