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.
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.