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#41
08-31-2020, 09:34 AM
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BIDDING CLOSES TONIGHT -- GET YOUR BIDS IN
This is my last post until I close auction later tonight. Due to computer clock differences and the fact some people may want to post a last-second +1k bid to win (thanks Polixa, I knew this was a possibility) I want to give people a chance to respond. For any item 100k+, 1k isn't a lot of money. Posting a 100k bid at 11:59:32 then someone posting a 101k bid at 11:59:45 feels bad. Especially since the 100k-bidder has to wait 30 seconds to post on forums and will be past the deadline. So, I'll give +5 minutes on any final bid that comes in at the 5 minutes (11:55 or later.) This gives people a chance to respond to those trying to post a last-minute bid. For example... Code:
Let's say at 11:59 John bids 134k. Zwieback, Jwaltz, and anyone else have a chance to post a bid until 12:04. If no one bids by then, John takes it. If Jwaltz responds with 135k at 12:03, then the bidding stays open until 12:08. etc. If anyone does a last-minute bid, there will be a 5-minute grace period for others to respond. After 5 minutes of no bids the auction closes. Because of this, I will be up and online at 11:59PM tonight to watch bidding and be ready to announce that bidding is over. As an auction, the item should go to whoever wants to pay most for it, not whoever can time the last second best. Zwieback current leader at 133k ----- ----- ----- _________
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#45
08-31-2020, 10:01 PM
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Thanks for the bids Bagavan and Ripgozko. Some big jumps there make me slightly suspicious, but I'm obviously happy to see higher bids. I just expected a competitive 1k increment battle this late - maybe I am wrong. Maybe someone wants to swoop in and lock it in.
Jwaltz and Zwieback, feel free to keep bidding (no need to bid 151 or 171, can bid 135 or whatever you like) in case these late bids are troll bids / not genuine. They may very well be legit, but I have experienced some trolling in EQ, believe it or not =) If these bids turn out to be last-minute troll bids with no intention to follow through, I will accept the highest legitimate bid. I promised it'd go to highest (legit) bidder. It will. Want to make sure people have a fair shot and aren't motivated to bid higher due to fake bids, but also don't stop bidding thinking they are outbid by a bidder (who may have no intention of buying) For example... Code:
If Bagavan and Ripgozko are yanking my chain and don't intend to follow through on their bids and purchase, jwaltz would be current winner at 134k. Even though there is a 150k and 170k bid, if someone bid 135k, and 150/170 fell through, it would go to the 135k person. If 170 falls through and 150 is a legit bid, it will go to 150. Sorry guys, I can't control who posts and who doesn't, so I can't vet bids. For future auctions I think I'd take a 5K down payment to enter auction - winner gets the item for the price minus the 5K downpayment. Non-winners get 5k refund. This would make people put some skin in the game to even bid, instead of just a forum account.
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Last edited by Castle2.0; 08-31-2020 at 10:05 PM..
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#46
09-01-2020, 12:00 AM
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BIDDING IS CLOSED
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#47
09-01-2020, 01:02 AM
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I contacted all participants to say thank you for participating. I am contacting the highest bidder now to arrange a time to meet within the next 24 hours. If I do not hear back from this person, I will move on to the next highest bidder.
Stay tuned and check your forum inbox in the coming days in case I may contact you.
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#48
09-01-2020, 08:50 PM
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Congrats to the winner! The Manastone was successfully traded tonight to the winner.
Thank you all who participated. I learned a few things about auctions and how to make them even more efficient next time. /thread close
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