Audiogon Anti-Lowball Offer setting


Hey everyone,

I don’t know if you all saw this but I got an e-mail from A’gon stating they have a new feature in place to hinder insane lowball offers.

After you log in go to your Account and select Edit Account. Then scroll down in the Policies section there is a check box to automatically reject lowball offers.


Policies

Lowball offers

Automatically reject offers below 55% of your asking price,

I wish this could be user specific. I would have set this to 45% off of listing price for my tastes but it is a start for Audiogon.

Thanks
128x128jedinite24
3 weeks ago a listing for a Simaudio w-5 amplifier came up . I had some interest as i owned the matching pre at the time . The seller was asking 2k . It sold the very next day for $1500 . 25% off original listing . Had I known he would accept that i would have made an offer or would have done a buy it now . The lesson to me is make any offer (within reason) .
Valid points  maplegrovemusic and  jmcgrogan2. I think there are people out there who get off on the rejection and there are sellers out there who have created these lowballers. It ruins it for the sellers who list fairly. Oh well. I'm learning to just deal with it and when I see an offer on Audiogon I expect the worst rather than hope for a sale.
If you don’t want lowballers, just list BUY IT NOW. That’s the way I always list an item!
Morning yogiboy

I hear you and I'm glad  you have had good luck with just putting Buy It Now. When I've listed an item as Buy It Now even with a price based on the average of what an item sold for I didn't get any hits. When I added the make an offer option more inquiries came in. Seems like with the budget gear I've sold people don't want to pay fair market value. They wants deals. I'm adjusting to this better now.
Maplegrovemusic is correct. I find some sellers are jacking up the price by several hundred dollars. Case in point and Mark Levinson 27.5 used to sell for $1700-$1900. A dealer had one not long ago for almost $2600. Has the Blue book gone up on Levinson? I actually emailed the dealer and asked if he made a mistake with the price and of course he said no and he wanted to sell it as quickly as possible but I thought at that price? Maybe he knew the market but Geez O Pete never thought an older 27.5 would increase that much in value.