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


I LOVE Audiogon. I have purchased and sold many items here and it is a wonderful resource for audio nuts of every variety. Big solid state, tubes, analog, vinyl? Sure it all goes.

So I see posts that are make offer but the seller says "lowballers" will be ignored, vilified, cursed and cussed. So why have a make offer sale? Something is worth what someone is willing to pay for it. It doesn't matter what you paid for it, or how much you love it. And why be upset? Declining requires one mouse click. Countering maybe five or six clicks or keystrokes. Just curious as this is a commerce site.

I have received offers that seemed really low to me, but I am still happy to have interest and I always counter offer. I recently sold a Clearaudio TT for a lot less than I thought it was worth. But all the offers were low and I had to rethink my view. It ultimately sold as a real bargin but I'm happy and so is the buyer.

Your thoughts?
128x128superbike
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@ Jedinite is it 55% off the listing price or  55% off the regular? or suggested  retail price??  The 2nd part makes some sense, but asking some of the people around here to tolerate 55% off what they think is the already discounted listing price does seem a bit much.  But all it takes for rejecting an offer is a few clicks it shouldn't be overly onerous. 
It's a disease unique to high end audio apparently.   Lowballers should not insult people who expect good money for their stuff and expect the same I suppose.  Not much tolerance for that.  Very insulting!

I think its reasonable to expect market value for an item fairly priced.   That's about it.

But is expecting only good offers a form of entitlement?   Just wondering.  What if the asking price is extreme?   It happens, no?   I know I may tend to overvalue the stuff I own and like from time to time.
Let's face it. Most people don't know how to negotiate. Most people don't know what the item they are trying to buy or sell is really worth. We all just have an idea of what we will take or what we will give. Even that is subject to change. I suggest using "firm" or "offer" depending on what you as a seller are comfortable with. And above all, let's not take all of this so personally. 

At the end of the day....an item is worth what someone is willing to pay. The blue book is simply a guide.
Hi Mechans,

I read the new functionality as offers of 55% below your listing price will automatically be declined. For me I have to get better at the games some buyers will play. I get thin skinned sometimes because I really try to list what I'm selling at a fair MV prices. Then I get these really low offers that I interpret as a slap in the face. It is an issue I have to deal with. As I'm back to selling more now I'm getting used to the low offering process and have to let them slide.

Here is an example of what I've been dealing with. I was selling Shunyata Venom 3 power cords at around $90 per cable plus shipping. The $90 price was in the range of comparable Venom 3 cables that had recently sold on Ebay's sold listings search query. I kept getting offers for $35 to $40 per cable. I guess I was expecting more professionalism from the enthusiasts. 
Whenever I've purchased an item here I'll always make what I believe is a fair offer based on recent completed sales not what I feel I should pay.

I will have to start adding the wording that Ziff says. Pricing is firm.

Thanks again.