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Melkisadek
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Posted - 2005.10.26 16:06:00 -
[1]
Auction is for 1 item located @ Arnon XII
Gistii A-Type Small Shield Booster
Starting bid: 5Mil
Bid increments: 3Mil
Buyout: 70Mil
Auction ends 28 Oct 23:30 Eve Time
Escrow will be set up in Arnon for 2 days from closing limited to winning bidder.
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Ickaruss
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Posted - 2005.10.26 16:24:00 -
[2]
Well i will start you off 20 mill 
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Mr Drean
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Posted - 2005.10.26 16:55:00 -
[3]
25m
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Jester87
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Posted - 2005.10.26 17:04:00 -
[4]
30 Million for Gisti A Type Shield Booster
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Mr Drean
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Posted - 2005.10.26 17:05:00 -
[5]
35m
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touchin cloth
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Posted - 2005.10.26 18:05:00 -
[6]
40 mill
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Melkisadek
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Posted - 2005.10.27 01:41:00 -
[7]
Auction ongoing
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Sephirot
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Posted - 2005.10.27 05:47:00 -
[8]
47m
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FFGR
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Posted - 2005.10.27 07:10:00 -
[9]
Sephirot, I'm just saying that the increasements are of 3m each time ... so your 47m offer isn't counting
No flame intended
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Hayzo
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Posted - 2005.10.27 08:55:00 -
[10]
50
____________________
"Your safe boundries were once unknown frontiers"
Join channel: CAINCOM |
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Donna Divine
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Posted - 2005.10.27 09:32:00 -
[11]
 Originally by: FFGR
Sephirot, I'm just saying that the increasements are of 3m each time ... so your 47m offer isn't counting
No flame intended
?
He went up by 7, how is that less then 3 ?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Gilded Goose Brokerages
Trading to order, now also selling custom made ships to order. |
Dark Shikari
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Posted - 2005.10.27 10:02:00 -
[12]
Edited by: Dark Shikari on 27/10/2005 10:02:04
bid retracted
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Proud member of the [23].
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Reapo 2
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Posted - 2005.10.27 10:02:00 -
[13]
Originally by: FFGR
Sephirot, I'm just saying that the increasements are of 3m each time ... so your 47m offer isn't counting
No flame intended
err how is it not counting, by that logic onlythe starter bid is going to be counting as they went up by 5 ;)
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Jaleean Atheria
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Posted - 2005.10.27 10:15:00 -
[14]
Edited by: Jaleean Atheria on 27/10/2005 10:15:21
a bid increment of 3 mil implies that all bids must be in multiples of 3 mil, so a 47 mil bid wouldnt count as its not a multiple of 3 mil. Change it to 46 mil. At least I think thats what he wants >.> <.<
Edit: Fixed spelling mistake
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Donna Divine
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Posted - 2005.10.27 10:19:00 -
[15]
Originally by: Jaleean Atheria
Edited by: Jaleean Atheria on 27/10/2005 10:15:21
a bid increment of 3 mil implies that all bids must be in multiples of 3 mil, so a 47 mil bid wouldnt count as its not a multiple of 3 mil. Change it to 46 mil. At least I think thats what he wants >.> <.<
Edit: Fixed spelling mistake
No no.
A 3 million bid increment means you need to raise the last bid by a minimum of 3 million each time. What would he care if you raise by 20 instead of 3 ? It's only good for him if you do.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Gilded Goose Brokerages
Trading to order, now also selling custom made ships to order. |
Jaleean Atheria
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Posted - 2005.10.27 10:33:00 -
[16]
hey I was just trying to think of a reason it didnt count. Its my niche in the world: logic to crap that makes no sense :)
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J1NX
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Posted - 2005.10.27 11:19:00 -
[17]
50 mil.
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Melkisadek
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Posted - 2005.10.27 17:14:00 -
[18]
Edited by: Melkisadek on 27/10/2005 17:17:05
i think someone has too much time on their hands 
the reason for a low starting price and then small increments is to keep the auction active and therefore near the top of the board
if it was a 30mil start with 10mil steps chances are it would be off the bottom of the first page before anyone made a bid - then subsequent bids would follow a similar pattern - if there were any at all - people generally don't like looking for stuff and studies show 3 to 4 pages is as far as people will go looking for specific results (albeit in search engines - i'd imagine if someone really needed an item they'd look further on here)
however, people bidding know the value of the item and therefore what it is a) likely to sell for and b) likely to slow down at
the first bid at 20mil was probably made for two reasons - firstly to try and bag an item cheaply if it fell off the front few pages and wasn't bumped and secondly to put a high enough opportunist bid in to discourage others trying to get a bargain
the later bids are more serious bidders long term bidders who will have an idea of their highest price - the jump from 40 to 47 is most likely an attempt to push the price above an earlier bidders limit whilst keeping page bumps down
it could have gone 40, 43, 46, 49 but that would mean there was more chance someone would see the item and step in with an even higher bid - a bidder is hoping that a quick large raise will make earlier bidders lose interest
this could of course all be utter rubbish and people might just like a bit of randomness 
as far as it goes i personally couldn't care less what the bid increments are as long as i get a decent price at the end of the auction (hence the buyout offer) and the auction doesn't go up 1.00isk at a time - therefore a lowish bid increment is used to offer an arbitrary marker for the next bidder i.e. as it stands if someone wants to bid 53mil or more they can if they don't then the winning bid will be 50mil - nothing in between will be a valid bid due to the terms set out even though the terms themselves are as much a guide as anything
anyroad to get back OT
current highest bidder is J1NX @ 50mil
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Melkisadek
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Posted - 2005.10.28 00:34:00 -
[19]
auction still open
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Silver Night
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Posted - 2005.10.28 00:41:00 -
[20]
53
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Silver Night
Director -Production and Science
Help the State, Make tens of millions!
The Summit |
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Melkisadek
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Posted - 2005.10.28 16:00:00 -
[21]
auction ends tonight
current top bid
Silver Night @ 53mil
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Melkisadek
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Posted - 2005.10.29 01:32:00 -
[22]
Silver Night is our winner @ 53 mil
escrow will be set up in arnon XII CBD Corporation Storage for two days
i'll send an eve mail to confirm the details
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