Subject:
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Re: FA: (eBay) Darth Vader Minifig (Dutch) x8
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Newsgroups:
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lugnet.market.auction
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Date:
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Wed, 22 Mar 2000 09:22:48 GMT
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Viewed:
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835 times
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You WILL get a lower price Dutch than selling them in individual lots, virtually
guaranteed.
What you seem to forget is that if you set 8 Dutch at $7.50 beginning price, that
means 8 people can bid $7.50 each before any prices change. If you auction them
one at a time (say in 3Day auctions over 3.5 weeks), the second person to bid
already pushes the bid up. Over the lifetime of the 8 individual auctions, you are
virtually guaranteed to get much more out of the individual over 1 Dutch. It's
all a matter of Supply and Demand - PERCEIVED Supply, that is. With a Dutch
auction for 8, people aren't going to worry as much about whether they will get
one, and won't bid as high (I don't on Dutch auctions, that's for sure). If you
do 8 single auctions, and don't tell the world that you still have X to sell over
the next Y days, the Perceived Supply is lower, so the prices tend to be higher.
Case in point - I auctioned 2 4555s off a few months back Dutch. JUST TWO. They
sold for $101 each, barely over the opening bid. 4555s sold within a week before
and after went on average for $150 each.
It's all a matter of balancing time to payment and total of payment. I have done
some Dutch auctions, and will do them again, when the overriding concern is making
room in my apt.
"D. Jezek" wrote:
> In lugnet.market.auction, Doug Finney writes:
> > > > The only Darth Vader I sold went for about $15 last year. But selling 8
> > > > at once will push the price down, of course...
> > >
> > > They're not being sold all at once. This is a "Dutch auction" which means
> > > that the quantity of the item is more than 1.
> >
> > What he means is that by having 8 up for auction at the same time the prices
> > will be lower than if you sold 1 per week or something.
>
> That is not necessarily true. The price will go above $7.50 only if there are
> more than 8 bidders. If that is the case, the person who bid the lowest will
> be knocked off by the 9th bidder and so for. At any given time there are up
> to 8 high bidders.
>
> > So they're being "sold all at once", just not necessarily all to the same
> > bidder.
>
> That is also not true. The number of Darth Vaders sold will be as many as the
> number of bids made if it doesn't exceed the quantity available. If there are
> 5 bidders at the end of the auction, 5 figures will be sold.
> This Dutch auction style is basically offering x items for a set price, but in
> case there are more people interested in buying than the available quantity,
> it gives a chance to the x highest bidders to win the item.
> It would have been easier to just sell them at $7.50 a piece but that could go
> on for weeks and I need to raise funds now to buy more sets. Before I can
> start on my next creation, I will have to break up at least 10 A-Wings and 10
> Sith infiltrators to get lots of the grey "wing plates" that come in these
> sets.
>
> D.
--
Tom Stangl
***http://www.vfaq.com/
***DSM Visual FAQ home
***http://ba.dsm.org/
***SF Bay Area DSMs
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Message has 1 Reply:
 | | Re: FA: (eBay) Darth Vader Minifig (Dutch) x8
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| You're right, but in this case I'm not trying to suck as much money out of people as possible. :-) $7.50 seems about the right price. Even better way to sell these for as much as possible would be to auction off 1 Darth Vader and then e-mail all the (...) (25 years ago, 22-Mar-00, to lugnet.market.auction)
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Message is in Reply To:
| | Re: FA: (eBay) Darth Vader Minifig (Dutch) x8
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| (...) That is not necessarily true. The price will go above $7.50 only if there are more than 8 bidders. If that is the case, the person who bid the lowest will be knocked off by the 9th bidder and so for. At any given time there are up to 8 high (...) (25 years ago, 22-Mar-00, to lugnet.market.auction)
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