Subject:
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Re: Train doors and windows
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Newsgroups:
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lugnet.trains
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Date:
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Fri, 27 Aug 1999 18:31:30 GMT
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Viewed:
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1116 times
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In lugnet.trains, Larry Pieniazek writes:
> A consortium is being assembled. Stuff will be sold at one price within
> the consortium. To make allowances for people wanting more, or less,
> parts than the dollar amount they invested, that price will be at a
> markup from cost. Whatever parts are left over, if any, will most likely
> be auctioned off. My expectation is that the auction price will end up
> being at a higher markup from cost, on average, when bidding reaches its
> apex.
>
> Then the gross proceeds (from sales within the consortium and auction
> proceeds, if any), net of expenses will be distributed in proportion to
> the amount put up. If the items at auction go for substantially less
> than our cost, it is possible (although I feel it to be unlikely) that
> you will not get your entire investment back.
>
> 150 is proportionally a bit too small for the additional bookwork. 500
> was the amount I named off before, I believe although we have made some
> exceptions slightly below that sum.
>
> Not counting what I myself decide to put up, we have over 5000 so far.
> I'm good for at least another 5, maybe 10, haven't decided yet how much.
So, in other words, If I want to buy the items rather than participate in the
auction, I have to put up $500? I'm just trying to figure out how I'd go about
getting items I want. :)
Jeff
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Message has 2 Replies:
 | | Re: Train doors and windows
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| Yes. If you wish to get the consortium price you have to participate in the consortium. Those not willing to risk enough of their funds will not reap the reward of paying less than the market will bear. (or take the risk of losing their funds (...) (25 years ago, 27-Aug-99, to lugnet.trains)
| | | Re: Train doors and windows
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| (...) about (...) No, the consorttium would SELL them first. Then auction off the leftovers. You don't have to do anything. Patricia Schempp (25 years ago, 27-Aug-99, to lugnet.trains)
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Message is in Reply To:
| | Re: Train doors and windows
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| A consortium is being assembled. Stuff will be sold at one price within the consortium. To make allowances for people wanting more, or less, parts than the dollar amount they invested, that price will be at a markup from cost. Whatever parts are (...) (25 years ago, 27-Aug-99, to lugnet.trains)
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