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

If you have an item for sale buy it now for 5K and some lowballer offers you 850.00 for it, there's something wrong with you if you take it. I may entertain 4700.00 but nothing less. I would just keep it before giving it to someone that has a self entitlement additude. Bon-jore!

Superbike,

Your idea of the value of a product, regardless of audio, or motor vehicle, or whatever, is realistic. You strike me as a good person to deal with.

Just for the record, I'm not talking about 30 cents on the dollar for what something was new. Most people are pretty realistic about what they ask for things. I was speaking of the offers for 10% of that price. For example, a $7500 pre/pro. (original MSRP) listed at $2500, and maybe the guy has 2k in his head for bottom dollar. Then an offer of $299 comes in. What would you call that? I'm not opposed to someone that's looking for a deal. I do it myself, but, IMO, when offers that low come in, there is no chance we can reach an agreement. I simply can't believe anyone really thinks they can get something for those kind of offers.

I don't mean to be combative. If my comments are perceived that way, I'm sorry. I list a fair amount of items, and get so many crazy offers these days that its something I deal with on a daily basis.

Well we still haven't decided what the definition of a lowball is beyond the most blantant examples and virtually anything below the asking. (Less than 10% below asking see Polk's last post)
I tried to think of a good way to put a price on something but was only able to return to the oft said, anything no matter what it is -is worth what someone will pay for it. There are too many variables. Even my own thinking that a used item should be priced at its wholesale price of approx 50% of full retail is challenged by scarcity, condition, age ,product support, ease of shiping, etc. etc. That such offers are not lowballs in my mind but clearly are to others.
If our auctions functioned as well as they possibly could then perhaps that would answer the question. However the seller would put a reserve on anything of substantial value to him and lowballs would be all the bids below that figure.
So we have yet to agree on any convention in this regard. Given that how can you fault some one for an offer that is anything not patently ridiculous.

Thanks All!