What's up with the ridiculous offers?!?


Is it just me or are the high volume of low-ball offers surprising anyone else?

Example: I list an item at 60% off what a current, desirable  component sold for new, and I get an offer for half (or less) of what I am asking! I've have been buying and selling high end audio & video gear for over 40 years and I know the value of gear, but I have never experienced such an destructive trend. I expect it from Craigslst or at a garage sale, but not from Audiogon.

I understand an occasional low offer, and it's usually accompanied with an explanation or apology for the balz it takes to make such an offer, but I am getting absolutely offensive offers for more than 75% of what I list.  

Are there any other sellers that would like to commiserate with me? Am I missing something? Is it just me?

- REV
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Showing 3 responses by jmcgrogan2

I agree with jl35. I have noticed a large jump in both bottom feeding buyers and overzealous sellers. It makes me wonder how many dealers are working on Audiogon these days. They make offers for 20-30% of list so they can turn around and sell it at 60-80% of list.
I think these are the types of folks destroying Audiogon. This isn't new, it's been happening gradually over the past 8-10 years or so.

BTW, va6007, I see that you have 36 items for sale here on Audiogon right now, with 6 feedbacks as a seller so far in 2016. I also see that this is your first voyage into the forums. Are you a dealer?
If so, it's general protocol here for a professional to disclose themselves for the sake of transparency.
"What’s your bottom line?" Is that a problem?
@zavato , that in itself is not a problem, personally though, I’ve found these folks just to be tire-kickers or lowballers.
As @oregonpapa mentions, most of these folks tend to use the bottom line as a starting place for negotiations.

Personally, I believe it takes two to negotiate. I don’t enjoy negotiating with myself. Most of my sales come from someone making an offer and then we negotiate from there.

Folks that just throw out the "what’s your bottom line?" question are not seriously interested in what you are trying to sell. They are simply scavengers looking for steals.

Nothing wrong with that, if that is your bag. I usually will reply to them with "what is your best offer?" question, and never hear from them again.
Hence, I don’t look them as a potential buyer when I get those questions, as I am not a desperate seller or buyer.
Patience is a virtue on both ends.

As for lowball offers and ridiculously high asking prices, they don’t bother me much anymore. Life is too short, why waste time with buyers and sellers who are just fishing and not really interested in buying or selling?
I do find much less of these annoying bottom feeders on the other audio sale sites. These boards are heavily modified, so do a little work and you can find them. Ads are still free, sort of like Audiogon of many moons ago.

Of course traffic is much lighter too, because many buyers only know of Audiogon and Fleabay.

Patience is a virtue, as a buyer and a seller. I only list on Audiogon if I need to sell something quickly. Normally, I prefer to use the other sites, and just take 3-4 months to sell it, as most of the inquiries are from real audiophiles, not Kmart blue light special shoppers.