Hey
Couldn't work out anywhere better to put this within the MM, so I thought I'd put it in the general section.
On the MM (Members Market) I've just seen a post get a warning from a mod that it's a derisory offer and will not be tolerated.
I can understand if someone was offering 1/10th of the asking price, but in this scenario the difference was £10, and 2/3 of the original asking price: offering £20 for a £32 asking price.
Please note that it wasn't my own offer, this isn't a complaint but is a genuine query and in my eyes a point for discussion. As an auction/bartering area, surely an offer of 2/3 of the asking price isn't totally unreasonable? The price often drops by up to 1/3 over the course of a thread: and there's nothing to say that the seller has to accept the offer. Offering much less than 2/3 of the asking price I can understand as being derisory, but I don't see how this is a problem? If I was buying an item, even "as new", second hand, I'd be expecting the option to barter. Surely nobody posts their actual asking price up, everyone expects to be haggled down... the seller in this case did later say "that's too low for a new item", but they could just as easily have proposed a halfway-house offer.
One final note: the same item in the same condition can be found on auction sites for £27. Surely a prospective buyer should be able to offer what they think it's worth: then the seller can accept if they later decide it won't sell for the asking price.
So, genuine question, what is the limit of a derisory offer? 25%, 20%, 10% of asking price? Of cheapest sale price? The lowest buy it now on that auction site for the same condition?
Okay, this sounds like a bit of a complaint - but I'm genuinely baffled by the application of this rule.
Couldn't work out anywhere better to put this within the MM, so I thought I'd put it in the general section.
On the MM (Members Market) I've just seen a post get a warning from a mod that it's a derisory offer and will not be tolerated.
I can understand if someone was offering 1/10th of the asking price, but in this scenario the difference was £10, and 2/3 of the original asking price: offering £20 for a £32 asking price.
Please note that it wasn't my own offer, this isn't a complaint but is a genuine query and in my eyes a point for discussion. As an auction/bartering area, surely an offer of 2/3 of the asking price isn't totally unreasonable? The price often drops by up to 1/3 over the course of a thread: and there's nothing to say that the seller has to accept the offer. Offering much less than 2/3 of the asking price I can understand as being derisory, but I don't see how this is a problem? If I was buying an item, even "as new", second hand, I'd be expecting the option to barter. Surely nobody posts their actual asking price up, everyone expects to be haggled down... the seller in this case did later say "that's too low for a new item", but they could just as easily have proposed a halfway-house offer.
One final note: the same item in the same condition can be found on auction sites for £27. Surely a prospective buyer should be able to offer what they think it's worth: then the seller can accept if they later decide it won't sell for the asking price.
So, genuine question, what is the limit of a derisory offer? 25%, 20%, 10% of asking price? Of cheapest sale price? The lowest buy it now on that auction site for the same condition?
Okay, this sounds like a bit of a complaint - but I'm genuinely baffled by the application of this rule.