Auction take 2: Austrian Auction

[skolsuper]

Gonna try another auction, this time with bids via pm and the results not published till the auction is finished. To reiterate the auction rules from before:

I am selling 30% of my gross prize money in the GSOP Live Salzburg in February, buyin $1650. Any prizes from leaderboards, continued sponsorship opportunities, or dinner flips won will not be included. Currency conversions will be done on the basis of a $1650 buyin converted at Friday's xe rate for GBP or EUR transfers.
Everyone who is interested in buying a piece make a bid for a certain percentage with the maximum price they would be prepared to pay for that piece. e.g. pleno 5% @ 1.8
All the bids are arranged in descending order by price* and the top 30 percentiles** at 9pm on Thursday 26th Jan win the auction.
Every winner pays the price of the lowest winning bid.

*In the event of a tie, the bid made first chronologically will take precedence
**This may involve one person receiving only part of the percentage that they bid for.

You can make as many bids as you like, e.g. if you would buy 10% at 1.1 but only 5% at 1.2, you can make 2 bids, 5@1.1 and 5@1.2, if the strike price finishes 1.1 or below you will have 10%, between 1.1 and 1.2 you will get 5% and over 1.2 you won't buy any.
Bids will be ranked by up to 2 decimal places, i.e. 1.333 will be considered the same as 1.33 and ranked chronologically
Bids are binding and cannot be withdrawn, I am ending the auction on Thurs to give me plenty of time to chase everyone up for payment before the event.
To prevent any <0.5 shenanigans, the minimum price will be 1.0

In the event of some unforeseen dispute arising the referee's* decision will be final.

*me

Pretty sure everyone knows who I am, hendonmob (with horrendous picture) here: http://pokerdb.thehendonmob.com/player.php?a=r&n=91657

As to the tournament, due to a fantastic structure and large number of satellite qualifiers from ongame, the GSOP Live series has been increasingly successful at each leg, although I would expect this leg to be smaller than the one in Prague I think it will also be much softer, due to a clash with Deauville EPT and with many players currently round the other side of the world for the Aussie Millions, whereas in Prague there were a lot of 'name' players in town for the EPT and WPT tournaments in the same week.

I look forward to receiving plenty of pms with bids, but if you have any questions please post them in the thread so I can answer them for everyone.

Happy bidding!

[Woodsey]

10% 1.1

[George2Loose]

10% 1.1

Bids via PM

[Woodsey]

10% 1.1

Bids via PM

Tut! 

[pleno1]

cheeky bastard!

would still be +ev ldooo

[skolsuper]

Noted ty Woodsey. You can bid on the thread if you like, just nobody else will

[EvilPie]

I like your auctions Mr Keys.

The only bit that lets them down is this "Every winner pays the price of the lowest winning bid."

Make them pay the full amount of their offer I say.

[skolsuper]

I like your auctions Mr Keys.

The only bit that lets them down is this "Every winner pays the price of the lowest winning bid."

Make them pay the full amount of their offer I say.

Try that for your next sale imo Mr Russell

[tikay]

I like your auctions Mr Keys.

The only bit that lets them down is this "Every winner pays the price of the lowest winning bid."

Make them pay the full amount of their offer I say.

Try that for your next sale imo Mr Russell

Someone will get the lot @ 0.8

[EvilPie]

I like your auctions Mr Keys.

The only bit that lets them down is this "Every winner pays the price of the lowest winning bid."

Make them pay the full amount of their offer I say.

Try that for your next sale imo Mr Russell

Someone will get the lot @ 0.8

That's not even a tap in.

[NoflopsHomer]

Will be blogging this event, so you can follow Mr Keys @ www.gsoplive.com/blog

/subtlespam

[Junior Senior]

like the concept...MBN to have competition for backers.
good luck

[smashedagain]

IMO (not that it should count)I think you should posts the amounts bid but not the name of the person. It will be a much more fun thread and would attract repeat bids. Was hoping more people were going to do these auctions because they seem super fun

Is it rude to ask why you aint in Australia?

[skolsuper]

Will be blogging this event, so you can follow Mr Keys @ www.gsoplive.com/blog

/subtlespam

[ ] subtle

IMO (not that it should count)I think you should posts the amounts bid but not the name of the person. It will be a much more fun thread and would attract repeat bids. Was hoping more people were going to do these auctions because they seem super fun

Is it rude to ask why you aint in Australia?

Not in Australia due to having just bought a house that I need to move into and furnish.

And yeah I appreciate the sealed bids method isn't much of a spectator sport but I'm trying not to influence the outcome in any way, last time out there were mutterings that people were overpaying due to the competition element of it. Is still pretty interesting this time around tho, the way the bids have been so far I'm wondering if there might be some collusion going on

[EvilPie]

Will be blogging this event, so you can follow Mr Keys @ www.gsoplive.com/blog

/subtlespam

[ ] subtle

IMO (not that it should count)I think you should posts the amounts bid but not the name of the person. It will be a much more fun thread and would attract repeat bids. Was hoping more people were going to do these auctions because they seem super fun

Is it rude to ask why you aint in Australia?

Not in Australia due to having just bought a house that I need to move into and furnish.

And yeah I appreciate the sealed bids method isn't much of a spectator sport but I'm trying not to influence the outcome in any way, last time out there were mutterings that people were overpaying due to the competition element of it. Is still pretty interesting this time around tho, the way the bids have been so far I'm wondering if there might be some collusion going on

Aw mate. Are you trying to justify to yourself why people only think you're worth 1.1?

Don't worry about it. We still all love you