Just something that I'd like to shine a light on -
Mizzou
Posts: 529 ✭✭✭✭
When dealing with an online auction, the "Make Offer" or "Best Offer" option means (To me anyway) my best offer UNDER the asking price. For example the coin is listed at $500.00 or "Best Offer". If I really want the coin I'll just go ahead and buy it or bid on it however, if I'm on the fence I might make an offer of $460.00 and see what happens.
I had a seller respond to me by saying "You can't be serious, you're offer was below my asking price"???
This was a dealer within the United States so it's not a language barrier, does anyone else out there think that "Best Offer" or "Make Offer" means an amount more than the asking price?
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NO.
When there is make an offer on an auction listing I consider it a chance to make a jump bid and win it immediately, which I have before.
As long as the listed price was an "asking price" and not a minimum bid, my answer to your question is no.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
That's interesting, so you see it as making an offer more than the asking price. OK. I'm not saying that anybody's right or wrong, we just see it differently.
It is an auction! That's a starting price with hopes of it selling for more, not an asking price!
Just for clarification, I'm referring to the listings that have an "Asking Price" with "Make Offer" not the starting bid.
I have seen it both ways. Starting Bid with Make Offer means the seller is hoping for more and you can offer more.
Buy It Now with Make Offer usually means they will take less.
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There's usually a difference between a "starting price" and a "make an offer". The former is usually a minimum, while the latter is usually accompanied by an ask price, with the implication that the seller might be willing to accept less than that price.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I see it as, and believe the general consensus to be, that the make an offer is for something under the asking price. However, as @amwldcoin said, it can be used by an eager buyer in some situations differently.
eBay now allows for a “Make an Offer” on auctions (starting price) and buy-it-nows (asking price).
If it is a buy-it-now, the OP is correct in thinking one should just buy the item, and I don’t believe eBay will allow one to make an offer higher than the buy-it-now price.
If it is an auction, I could see it both ways, depending on what the owners starting price is vs the true value of the item.
I agree with the 'Make an offer' being an invitation to a lower price... though, reading this thread, I see it could be the other way if the price is a starting point of an auction. Cheers, RickO
If it's a "Buy it now" or best offer then yes, the best offer is supposed to be lower than the asking price.
I don't think I've seen an auction with a starting bid or best offer. I have seen auctions with a starting bid or a higher buy it now option.
Collector, occasional seller
You can list an auction with a "Buy it Now" price and the "Best Offer" option enabled.
I assume:
BIN = best offer is lower.
Auction = best offer is higher than starting bid, unless long term auction (or relisted) with no bids.
Remember that BIN option defaults in many cases when you list an item.
When I have an auction with a starting amount with the option of make an offer, I will place a marker to set the low refusal and the higher acceptance for any offers. No remarks needed by the seller. Competent sellers know that many of the perusers and bidders of their auctions are not experienced by their feedbacks, so if offering a make an offer and the amount offered offends you, just decline and move one without starting an issue, just my opinion.
Jim
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