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  1. #1
    Join Date
    May 2003
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    181

    What does OBO mean?

    [Seinfeld Moment]

    If someone has an item for sale for "$100 or best offer," and you are the first to offer the $100, should you get the item despite possible future offers? Does "$100 or best offer" mean $100 or best offer less than $100, or best offer regardless of the $100? If the latter, why mention the $100 in the first place, and when does the offering period end? Did Seinfeld ever do a bit on this?

    [/Seinfeld Moment]
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  2. #2
    Or best offer.
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  3. #3
    Join Date
    Dec 2001
    Posts
    1,815
    Someone obviously didn't read the post...

    Interesting thoughts anyway, I think it should mean $100 or best offer less than $100, but who knows what the intent is from the person saying it.
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  4. #4
    Join Date
    Jun 2002
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    1,376
    I'm sure if you walked up and offered them more than $100, they'd take it.

    I'm 99% sure it means that they want $100, but if no one offers them more, they'll consider going lower. If you offer $75 the day they put it up for sale, I doubt they'll take it. (I'd take your number and call you back if it's been a while and I decide $75 is better than nothing.) But if they've been trying to get rid of it for weeks. they'd take a lower offer.
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  5. #5
    Join Date
    Feb 2003
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    Lake Arrowhead, CA
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    Originally posted by fog
    I'm sure if you walked up and offered them more than $100, they'd take it.

    I'm 99% sure it means that they want $100, but if no one offers them more, they'll consider going lower. If you offer $75 the day they put it up for sale, I doubt they'll take it. (I'd take your number and call you back if it's been a while and I decide $75 is better than nothing.) But if they've been trying to get rid of it for weeks. they'd take a lower offer.
    I agree with you.
    Dale Poncy
    Retired from Zana Web Hosting
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  6. #6
    Join Date
    Jul 2003
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    33
    I thought it meant if more than one person offers $100. The one that bids highest gets the item.
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  7. #7
    Join Date
    Feb 2003
    Location
    Lake Arrowhead, CA
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    Originally posted by Def Ault
    I thought it meant if more than one person offers $100. The one that bids highest gets the item.
    If I'm selling something for $100 or best offer and someone comes up to me with $100 it's sold. I'm not waiting to see what other offers I get. I wanted $100, was offered $100, end of discussion, no bidding.

    You never sell something buy putting down a price and hope someone offers you more. If I have a widget and I want $100 for it are you coming to me and saying, "Oh no, that's worth $120 let me give you that". I don't think so. When someone puts down a price or OBO that means they would like to get that price but may settle for less.
    Last edited by dapon; 07-30-2003 at 04:11 PM.
    Dale Poncy
    Retired from Zana Web Hosting
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  8. #8
    Join Date
    Feb 2003
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    duplicate post
    Dale Poncy
    Retired from Zana Web Hosting
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  9. #9
    Join Date
    Sep 2002
    Location
    Western Canada
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    Originally posted by dapon
    When someone puts down a price or OBO that means they would like to get that price but may settle for less.
    Uhm.. Not necessarily. If more than one person wants it, the price can go above the starting point. But if no one wants it, then the seller is willing to go below the starting price.

    At least thats the way it's done around here.
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  10. #10
    Join Date
    Nov 2002
    Location
    paradise
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    100 dollars or best offer means means the price is negotiable [obviously no buyer is going to negotiate for a higher price.....but a buyer may make an higher offer to clinch the deal.

    100 dollars minimum bid means its an auction and it is sold to the highest bidder
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  11. #11
    Join Date
    May 2005
    Location
    BC
    Posts
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    OBO To some people may mean "or best offer". To others, OBO means "On Buyer's Onus". This would be the equivalent of "Caveat Emptor" or Let the buyer beware.

    If you want to say "Or best offer", make it clear to all. Actually write, "Or best offer" If you are buying something that sasy OBO,
    do not assume anything. Ask the seller what OBO means to him.
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  12. #12
    Join Date
    May 2004
    Location
    Slough, UK
    Posts
    154
    Hmmmm, I've always thought ONO (or nearest offer) was the highest one UP to the price they have asked and OBO (or best offer) was jus the highest price if some one offers MORE than the price they are asking for... if you get me.
    SMPhones - ...the UK's unbeatable online mobile phone shop - www.smphones.co.uk
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  13. #13
    Join Date
    Dec 2003
    Location
    Fairfax, Virginia
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    Originally posted by David Irwin
    OBO To some people may mean "or best offer". To others, OBO means "On Buyer's Onus". This would be the equivalent of "Caveat Emptor" or Let the buyer beware.

    If you want to say "Or best offer", make it clear to all. Actually write, "Or best offer" If you are buying something that sasy OBO,
    do not assume anything. Ask the seller what OBO means to him.
    In classified ads, at least the ones I've seen and look at, OBO almost always is an acronym for "or best offer." The acronym OBO was "invented" for just the reason that it costs money to put those extra and needless letters and actually spell out "or best offer." Thus, people intending to use OBO for its originally intended use should not have to spell it out, but those who are not using it in its conventional meaning should.
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  14. #14
    Join Date
    Apr 2003
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    Atlanta, Jawja
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    David, you dragged a thread up from almost two years ago, silly. Wow. Talk about something coming back to haunt us...
    Douglas Hazard - Certifiable Sports Junkie and Sports Community Enthusiast

    Host of Two Cents Radio - Follow @TwoCentsRadio on Twitter (@BearlyDoug on Twitter)
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  15. #15
    Join Date
    Dec 2003
    Location
    Fairfax, Virginia
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    Originally posted by The Bear
    David, you dragged a thread up from almost two years ago, silly. Wow. Talk about something coming back to haunt us...
    Wow, I didn't even notice that. Feel free to delete my posts or close this topic.
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