Anyone pay 1st price, Even if it's fair ? Poll

The answer to your post question is yes. I have at times paid full asking price for components on Audiogon. This has only happened when the asking price is so low that I feel confident that if I want to resell the item that I will have no problem reselling at or above the price that I paid.

More often than not I try to negotiate the best price that I can on any particular component that I am interested in purchasing. I have found that whenever I list an item the same process takes place. I love lowball offers. Often times these turn into better offers that lead to sales. I do not know if any of us can really tell who a tirekicker is by first Email transmission.

My personal advice, take it for what it is worth, is that in the free market that Audiogon is it is in the best interest of sellers to never isolate any potential purchaser. You never know when that person is ready to make the leap to whatever you are selling, which may be the next item that you list. Also, conservatively grade your components on the Audiogon scale and insure everything that you ship for at least its full replacement value.

Fair price is in the eye of the two people involved in any Audiogon transaction. The free market dictates that supply and demand will meet at that juncture. That is the beauty of Audiogon.

I've always paid full asking price. After reading some of the posts I must be a wimp but I ignore obo's and just look at the list price. If it's too much, look elsewhere. On the other hand I can see considering offers as a good idea. Otherwise better get a big garage. I do wonder why after the 2nd or third listing people don't lower their price or put it up for auction.

jeffjarvis

You are correct.

Chuck

O.B.O.- Another point to consider
O.B.O. Is another fine example of this discussion. I have on occasion considered saying in my listing for a popular item, something like this, "In this case I mean O.B.O. to mean the final price will be my asking price or the best offer above it.
I've never done this but I have considered it for a super hot item, especially if I'm not sure of the value.

Who knows????
In that case auction is probably the best venue for that kind of item.
Tom

Probably half the items I have sold have been at my asking price, while the others were still in my low range estimate. I try to list them at a price which I think reflects their value. Some items have sold really quickly & I wonder if I listed them to low. I rather think ...there aren't many of them & so someone was just waiting.

A few items (mainstream items) seem to bring out the low-ballers ....when I sold my B&W center channel. It was fairly priced & I received several offers, but the first 3 buyers were all flakes. I also had a bit of difficulty selling my cd player this summer. I don't think I would sell an expensive item during the summer again. One potential buyer kept on trying to telling how cd players were doomed and why his price was good. I decided not to sell it to him (constant emails) & just waited it out.

When buying items, I pass over items that are unreasonably listed. If the discount is not significant from a dealer why bother. I think all of my purchases have been within 10% of asking (net dollars). I also won't pay PayPal fees (nor do I charge them). Its matter of principal (the agreement w/ PayPal states that fees cannot be passed on to the buyer). I also stay clear of adds saying "low baller will be cheerfully ignored, etc.". Its just rude. I think they can find a better way to word an ad.