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Author Topic: Monte Carlo Auction  (Read 13369 times)
tikay
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« Reply #75 on: December 14, 2011, 01:29:52 PM »


Yup, [ ] WP me.

Good luck Mr K, & all your investors, hope you get the lot.
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Girgy85
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« Reply #76 on: December 14, 2011, 01:33:37 PM »

5% @ 1.4
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« Reply #77 on: December 14, 2011, 01:36:37 PM »

Selling the lot at the lowest bid inside the 30% bracket seems silly to me.

Surely it's more fun to have people pay different amounts?

As Cos says someone could just come along and say 20% at 3.0 and let the market settle the real price for them.

Make them pay the full whack and give the shrewd bidders the value imo.

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« Reply #78 on: December 14, 2011, 01:41:50 PM »

Selling the lot at the lowest bid inside the 30% bracket seems silly to me.

Surely it's more fun to have people pay different amounts?

As Cos says someone could just come along and say 20% at 3.0 and let the market settle the real price for them.

Make them pay the full whack and give the shrewd bidders the value imo.



if they were idiots maybe

if someone does this then james just gets a mate to bide 1% @ 3.1 and the bidder has to cough up for 29% at that price almost covering james' buyin
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« Reply #79 on: December 14, 2011, 01:43:10 PM »

or someone just bids 1% @3.1 for a laugh. it'd probs be worth it tbh
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« Reply #80 on: December 14, 2011, 01:50:05 PM »

OP updated again, got 1 bid via pm from Fraser Bellamy who doesn't have 300 posts
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« Reply #81 on: December 14, 2011, 01:53:27 PM »

Selling the lot at the lowest bid inside the 30% bracket seems silly to me.

Surely it's more fun to have people pay different amounts?

As Cos says someone could just come along and say 20% at 3.0 and let the market settle the real price for them.

Make them pay the full whack and give the shrewd bidders the value imo.



if they were idiots maybe

if someone does this then james just gets a mate to bide 1% @ 3.1 and the bidder has to cough up for 29% at that price almost covering james' buyin

That's exactly why it would be so much fun.
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« Reply #82 on: December 14, 2011, 01:54:56 PM »

19% at 1.42
« Last Edit: December 14, 2011, 01:58:12 PM by SuuPRlim » Logged

Simon Galloway
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« Reply #83 on: December 14, 2011, 03:23:07 PM »

 Human nature being what it is, people are getting more focussed on winning the auction (or inflicting damage to others) than they are about pricing up their idea of fair value, which was the original intent.

If you decide fair value is 1.7 and bid for 30% then someone else bids 1.8, then the value has gone and I'm not sure why you would then bid 1.9 (trying to get extra value ldo)

It's where laissez faire and fixed pricing collide.

Imo a  closed single bid, but for comedy I'd love to see a dutch auction too
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« Reply #84 on: December 14, 2011, 03:37:46 PM »

I have in my head what I believe represents value for James Keys in this event, taking into account the short term variance of staking and how terrible he is at tournaments.

I'd like to think my ego will allow me to retire from the auction when I can no longer purchase at a price I see correct.

Or I might just spite try and win.
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Girgy85
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« Reply #85 on: December 14, 2011, 03:41:45 PM »

5% @ 1.5
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« Reply #86 on: December 14, 2011, 03:45:36 PM »

sigh bad times.

this will get you a higher markup than you would probably have charged.

bad times.
 

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« Reply #87 on: December 14, 2011, 03:48:22 PM »

I don't think James would have done this if he hadn't just seen Flushy bink $800k.
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« Reply #88 on: December 14, 2011, 05:06:48 PM »

Have updated the OP to reflect current standings. Am going out for a meal later so won't be online at the end of the auction, for the avoidance of doubt I'll use the forum clock to determine the closing time and piece things together tomorrow morning.

@lildave: You bid for 14% at 1.35 but then upped it to 19% at 1.42, don't think these percentages meet the standard criteria for Giffen goods but I'll take it Smiley. http://en.wikipedia.org/wiki/Giffen_good

@Trigg: nah not gonna delete the losing bids straight away, quite looking forward to doing some post-match analysis on this, for example so far Girgy has made 6 separate bids for a total of 89% of my action. Will he break the 100 barrier?
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George2Loose
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« Reply #89 on: December 14, 2011, 05:12:31 PM »

Would love to see some sicko's run them alongside each other. Would be interesting who would pay what for whom
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