Maybe It Is Semantics,........but
If a card is priced @ 250% of the avg. of the last three sales for the same card in the same grade, then a 40% offer may not be ridiculous to anyone but the seller. If the same card was priced @ 125% of such, then IMO a 40% offer would be ridiculous. In that instance I think it does have to do directly with how ridiculous the BIN price is. Having said all that, anyone is entitled to try to sell their goods for any price they want. IMO, if they want to "lead" the market very aggressively they should have some thick skin.
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