What to do with very low offer on an item for sale

@retiredaudioguy 

You have to remember that most hifi equipment is basically worthless and is only worth what a consumer would be willing to pay except if you were to use it to "trade up" with an established vendor that has an impetus to move product and will very frequently offer 50% to start of the original purchase price just to get you motivated.

Relying on other people's asking prices for similar product is unrealistic, the actual resale history of a used product is what you need to evaluate to set your price.

Sometimes you just need to suck it up and take the best available offer whether its what you're expecting or not and move on. Unless its Luxman, McIntosh or a few other notable brands don't expect a windfall.

Plus 1 on "I suggest you ignore it.  If there is interest they will contact you or re-bid." And as always with a selling & bidding process, decide on your LOWEST price you will sell an item for and stick with it.  

AND yes....NEVER "list the item as "OBO"...Mention you will consider offers which is not the same.

@retiredaudioguy curious what price you sold it for ...

I am frankly puzzled by this thread.  If someone gives a lowball offer, they are either not serious or they are seeing if they can get a steal.  Who cares?  Either ignore it or, as I have done, simply respond politely that that is simply not feasible, but I will accept $X.  No reason to get upset about it or take it personally.  A buyer never knows.  Maybe the seller has fallen on hard times and needs to liquidate it quickly, in which case there is a great deal to be had.  Don't get offended.