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Topic: Obo? |
Jon Light
From:
Saugerties, NY
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Posted 16 Apr 2005 7:33 am |
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Nah, no double reeds or odors....
I always took OBO (....Or Best Offer) in a for sale ad to mean "I am asking for $500 but if I can't get it, I will settle for the next best offer". But I have seen occasions where it seemed to mean "I am asking for $500 but if more than one person is interested and if someone offers me more, then this will turn into an auction and the item will go to the best offer."
OBO means I will accept less or OBO means I will accept more?
How do you read it? |
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Larry Bell
From:
Englewood, Florida
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Posted 16 Apr 2005 7:58 am
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THE LITERAL:
OBO means 'or best offer'. That's pretty wide open -- doesn't really specify whether that best offer is below or above the asking price. If I were selling something and I got one offer for less than and another for more than the asking price, I'd consider the higher one the 'Best Offer'.
IN PRACTICE
OBO usually kinda implies, 'if you won't pay that, I might take less -- try me.'
------------------
Larry Bell - email: larry@larrybell.org - gigs - Home Page
2003 Fessenden S/D-12 8x8, 1969 Emmons S-12 6x6, 1971 Dobro, Standel and Peavey Amps
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Bill McCloskey
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Posted 16 Apr 2005 8:52 am
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I would say it depends on how dumb you might be. For instance:
"Selling this thing my dad had in the closet. It seems to be made by a guy named Bigsby or Joaquin Murphey. Hard to tell, both names are on it. $200 OBO"
In this case, best offer is going to be many thousands of dollars.
As opposed to:
"Beautiful BRAND NEW 5 String Artisan lap steel. Seems to be missing pickup. $1,200 OBO."
In this case OBO will mean about 20 bucks.
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Gene Jones
From:
Oklahoma City, OK USA, (deceased)
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Posted 16 Apr 2005 9:51 am
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I was advised once that OBO meant "offered by owner".
www.genejones.com |
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Curt Langston
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Posted 17 Apr 2005 9:40 am
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Good one Bill!  |
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Michael Garnett
From:
Seattle, WA
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Posted 17 Apr 2005 11:03 pm
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Haha... Bill, that reminds me of a mandolin that Elderly Instruments has been trying to get rid of for a long time now. Comedy included:
"Mandolin, OK condition. Signed by some guy named Lloyd Loar, dated Feb 8, 1923. Headstock says 'the gibson' or something. Make me an offer."
Elderly had that little hunk of wood listed at $125,000, but it's not listed on their site anymore. Maybe some rich bluegrasser bought it.
-Garnett |
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Gene H. Brown
From:
Whitehorse, Yukon Territory, Canada
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Posted 22 Apr 2005 8:01 pm
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OBO
One Baldheaded Operator |
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Stephen Gambrell
From:
Over there
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Posted 22 Apr 2005 11:56 pm
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Or, if it's referring to Anna Nicole Smith's recent Opry "appearance,"One Boob Out."  |
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David L. Donald
From:
Koh Samui Island, Thailand
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Posted 23 Apr 2005 1:30 am
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OBO, basically makes it an auction at the seller's discretion.
It also indicates they do really want to move the article,
at what the market will bear.
Similar is "No reasonable offer refused."
[This message was edited by David L. Donald on 23 April 2005 at 02:32 AM.] |
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Jimmie Martin
From:
Ohio, USA
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Posted 23 Apr 2005 5:57 am
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| i thought that was a wind instrument. humm |
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Jon Light
From:
Saugerties, NY
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Posted 23 Apr 2005 7:00 am
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As much as anything, I guess I was trying to decide whether or not to be peeved. It seems to me there have been some for sale items that had listed prices and maybe said OBO--in some cases not even---that turned into auctions after the seller realized he had more action than he expected. Without OBO, I'd call this dishonorable. With OBO, well.....there's my question. Does that leave the door open to scrap the asking price and open the floor for bids?
There's no correct answer. Just wondering how people felt about this.
Still waiting to hear more about this closet Artisan steel played by Joaquin Murphey for $200. Boy this speed reading class is really working!
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