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| | | |-+  Cambridgealex World Series Auction SOLD OUT at 1.26
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Author Topic: Cambridgealex World Series Auction SOLD OUT at 1.26  (Read 19449 times)
EvilPie
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« Reply #15 on: May 24, 2012, 09:43:03 AM »

Hold!!!!
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tikay
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« Reply #16 on: May 24, 2012, 10:29:10 AM »


I'd like to increase the % I am bidding for from 2%, to 2.5%, please. Same "bid" price, 1.3.

Not sure if this counts as a seperate bid, & not overly fussed either way - I just realised that I mistyped the original %.

Thanks.

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StuartHopkin
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« Reply #17 on: May 24, 2012, 01:31:38 PM »

2% at 1.1 please

Can I take a sneaky guess and suggest that this auction staking is something do to with something else your talking about currently ;-)
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« Reply #18 on: May 24, 2012, 01:47:26 PM »

2% at 1.1 please

Can I take a sneaky guess and suggest that this auction staking is something do to with something else your talking about currently ;-)
Yah, is market research, unfortunately the research only captures the opinions of those who don't think " **** auctions.". Well until now obviously Wink
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« Reply #19 on: May 24, 2012, 02:07:38 PM »

Will you be buying any back if you bink early?
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Ah! The element of surprise
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« Reply #20 on: May 24, 2012, 03:52:12 PM »

Will you be buying any back if you bink early?

BTW, not trolling, but it would make a difference whether I place a bid or not.
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cambridgealex
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« Reply #21 on: May 24, 2012, 03:55:17 PM »

Will you be buying any back if you bink early?

BTW, not trolling, but it would make a difference whether I place a bid or not.

I won't be buying any back no.
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bobAlike
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« Reply #22 on: May 24, 2012, 04:01:28 PM »

Will you be buying any back if you bink early?

BTW, not trolling, but it would make a difference whether I place a bid or not.

I won't be buying any back no.

Thanks
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bobAlike
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« Reply #23 on: May 24, 2012, 04:04:17 PM »

1% @ 1.25
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« Reply #24 on: May 24, 2012, 04:13:49 PM »

1% @ 1.25

Booked. We're currently selling at 1.10.

Remember the final price is whatever the highest price 40 percentiles were bought at.
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pleno1
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« Reply #25 on: May 24, 2012, 04:26:51 PM »

i just dont get it, im thick.
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« Reply #26 on: May 24, 2012, 04:37:55 PM »

Its really simple once you get your head round it.

The bid are ranked in descending order by price like this:

   %   price
WotR   1%   1.36
Scotty77   2%   1.35
DanMorgan   5%   1.30
Tikay    2.50%   1.30
Bobalike   1%   1.25
Lildave   15%   1.21
Bigfella   5%   1.20
Tonytats   2%   1.20
DanMorgan   5%   1.20
StuHopkin   2%   1.10
Evil Pie   3%   1.01
Rupert   40%   1.00

The top 40% get the action at whatever the highest price 40% was bought at.

So if you add up from WotRs 1% all the way to Stu Hopkins 2% you get 40.5%, so they're the people that "win" the auction. Evil Pie and Rupert miss out and Hopkins gets 1.5% instead of 2% to make 40% total. Everyone pays what Stu bid - 1.10.

Get it?
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« Reply #27 on: May 24, 2012, 04:41:47 PM »

If you wanted to make a bid, you'd need to bid 1.11 or higher in order to gain a slice. If you bid 5% at 1.11 then you'd jump above Stu in the pecking order and everyone would now pay 1.11. You'd only get 1.5% though, since 38.5% has been bought by others at a higher price.
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pleno1
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« Reply #28 on: May 24, 2012, 04:49:13 PM »

oh i see, understand now, could never get head around the final price being lower than lots of people had bid.
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« Reply #29 on: May 24, 2012, 04:54:42 PM »

Keys suggested maybe trying an auction where folks pay what they bid. Could be a good idea but there is quite a big gaP between the highest and lowest bidders so that may cause a bit of bad feeling maybe
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