eBay "Best Offers"--what's up with that

[GregMitch34]

So buy it!

[Butch7999]

Just an anecdote, and memorabilia, not cards, but...
A few years ago, an eBay vendor put up a $40.-$50. item with a starting bid/BIN price of $200.
It sat there for year, repeatedly relisted at $200., until he added a best-offer option.
Figuring he might be losing patience with it or having realized his $200. figure was too high,
we sent him a fair-market offer of $40., which was auto-rejected.
A few days later, we tried again, offering $45.
This time we got a counter-offer: $199.99.
That was the end of our trying to negotiate.
Have to add, he got the last laugh:
it sat there for another year and a half, but somebody eventually did hit the $200. BIN.

[prestigecollectibles]

I had an item at $150 BIN and got an offer of $30. I countered with $60 and never heard from the guy again. A couple of weeks later someone else bought it for $150.

[caramelcard]

Originally Posted by GregMitch34

So buy it!

Well, I already have it or I would.

[leaflover]

As a buyer to me "submit your best offer" means just that. So I submit my best offer. No need to send me counter offers because I have already sent my best offer. No sense wasting a sellers time.

As a seller if the "best offer" is reasonable and fair then the card is sold.
I usually just decline "low balls". No counteroffer.