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 11:19:39 GMT
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Viewed:
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898 times
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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 low bidders asking them if they want to buy one at the
price of their bid.
In lugnet.market.auction, Tom Stangl writes:
> 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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| (...) Huh? Don't see how that would make it as high as possible. The low bidders of the previous auction might decide to bid more than before on the current auction, and fight it out with someone else - making your profit larger. -Shiri (25 years ago, 23-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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| 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 (...) (25 years ago, 22-Mar-00, to lugnet.market.auction)
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