Subject:
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Re: The AucZilla 500 auction
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Newsgroups:
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lugnet.market.theory
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Date:
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Mon, 9 Aug 1999 02:24:15 GMT
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Viewed:
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744 times
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Well, since I bought a pretty expensive new vehicle recently, I had only one set
I really wanted (Well, OK, I wanted them all, but then reality sets in again! :)
) the 4031 fire boat, the one with the helicopter on it, it is the only boat I
did not have and I wanted one for my town due to all my disasters. I had the
same situation, two going, and someone else tested the waters with the bids. I
think the complete ones sold for about the same as I got one for (It is
incomplete), but I got it all the same, finally. The auction system here is a
little awkward, but I am still glad I got the chance to bid on some great sets.
I think this shows what true prices can be had here for sets, and it will be the
drive for the future. Whether it is good or bad doesn't matter. It is what the
market says.
Too bad you didn't have some more sets lying around somewhere for Setzilla 2 ,
Todd! :)
Scott Sanburn
Simon Robinson wrote:
>
> That auction was certainly a novel experience for me - having
> so many sets to choose from. I had a great time bidding in it
> - thanks Todd and Charles for organizing it.
>
> Now that it is winding down, I
> was wondering what impressions people had from participating in it
> or if anyone feels there are any interesting points about auction theory
> to be learned from it.
>
> Since I'm asking for impressions, here's my tuppence worth...
>
> I think one of the things that surprised me the most was that at
> the start of the auction I made a list of about 6-7 sets that I definitely
> wanted and would bid on. I was convinced those were the ones I
> wanted and that I'd pay quite a lot to get them, yet by about halfway
> through the auction I was bidding on 4 or 5 sets, only one of which
> had been on my original list. All sorts of things influenced me
> during the auction - ranging from deciding the bidding had simply
> gone beyond what I wanted to pay for a set (6384 police station),
> finding a set more cheaply elsewhere (2150 train station) or just
> browsing round the auction site and noticing sets I hadn't realised
> were there before, and which looked more interesting than the ones
> I had been bidding on.
>
> There must be a lot of collectors out there - it was interesting to see how
> well the market bore so many sets, with prices still going quite high. I
> actually stopped bidding on one set after I browsed round ebay and
> realised the set had sold on ebay a couple of times for a lower price
> than on AucZilla.
>
> I did start to feel some sympathy for Ebay's fixed-time-limit auctions:
> This was largely because of my experience with one set, for which
> I had a high proxy bid and for which I was prepared to pay a ridiculous
> amount to get: Three times in a row someone attempted to outbid
> me after the set had gone to going twice. In every case it was clear
> they were just testing the water to see if my actual bid was my
> maximum - it wasn't - so the effect was just to leave me with the
> highest bid - but one dollar higher. Except that it also set back the
> status to open. Don't get me wrong - I'm not complaining - it
> was perfectly fair. It's just frustrating to keep coming so near then
> get set back by a few days when you have already placed a high
> proxy bid.
>
> Finally I was quite intrigued by this
> [ ] 4559 Cargo Railway - used/complete sold 102.50 Douglas
> T
> [ ] 4559 Cargo Railway - used/complete sold 110.00 Brian U
>
> [ ] 4536 Blue Hopper Car - used/complete sold 100.00 Scott Ja
> [ ] 4551 Crocodile Engine - used/complete* sold 190.00 Derick B
>
> That must say something about the 4559 - a complete train
> with track and motor is apparently
> worth the same as a single (admittedly very nice) waggon, and only
> worth half as much as an engine. Well I knew the 4559 wasn't the
> most popular train Lego ever made - I didn't think it was THAT
> unpopular :)
>
> Simon
> http://www.SimonRobinson.com
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Message has 1 Reply:
Message is in Reply To:
 | | The AucZilla 500 auction
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| That auction was certainly a novel experience for me - having so many sets to choose from. I had a great time bidding in it - thanks Todd and Charles for organizing it. Now that it is winding down, I was wondering what impressions people had from (...) (25 years ago, 9-Aug-99, to lugnet.market.theory)
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