Karl M WSOP Package Auction

[Dry em]

I’m planning to play the below schedule of events during this year’s World Series

Date      Location   Event Game      Buyin ($)
21/06/2012   Rio      39   PLO         10,000
22/06/2012   Caesers      PLO             240
23/06/2012   Rio      43   NLH           1,500
26/06/2012   Rio      47   PLO/8         1,500
28/06/2012   Venetian      PLO            600
30/06/2012   Rio      53   NLH           1,500
03/07/2012   Rio      58   PLO/8       3,000
05/07/2012   Rio      59b   NLH          1,000
                                  Total         19,340

I’m going to steal James’ auction format (with his permission) as I haven’t bought/sold any shares for a while so am a bit out of touch with it all + this seems a fun and fair way to do things
I’m going to (try to) sell 50% in total

I’ve included the $10k PLO which is my main reason for selling the package and also a bunch of other smaller events that look like they should represent good value and that should hopefully make the package as attractive as possible.

Relevant details:

Name: Karl Mahrenholz
Hendon Mob: http://pokerdb.thehendonmob.com/player.php?a=r&n=42072
Relevant results:
•   6th and 13th place finishes the 2 times I’ve played the £5k WSOPE PLO
•   1st place in the Venetian PLO event + lots of other PLO tournament results (see THM)
•   27th in last years PLO8 $1,500 WSOP and close to bubble day 2 finish in the $3k PLO8 after Mike Matusow conjured 2 outs from somewhere when I was set to scoop all in on the flop
•   6 or so cashes in $1,500 type WSOP events, a 114th finish in the main event the year James Akenhead finalled and  14th in the WSOPE main event the 1st year that ran as well as some success in other hold’em events at the Bellagio and back in the UK (GUKPT etc)

I have certainly reduced the amount of tournaments I’ve been playing in the last couple of years due to business ventures, relationships, house purchases etc but still feel confident of my ability to produce in events like this and have kept my game as up to date as possible with regular strategy discussions with some of the UK’s best that I am lucky to call close friends
PLO wise I’m a very regular online 6 max player and have been a strong winner for the last 3 or so years. Hopefully messers Nong Cos and Small David can vouch for my abilities here as we chat regularly and play in the same games a bunch 

Whilst I’ve not been the biggest poster on here over the years since I’ve opened my account, hopefully enough of you will know/have met me at events. I like to think I have a very strong reputation within UK poker and you can rely on me not only to be best prepared for all events but that also you have no worries in terms of my handling of your money both ways (which is potentially a significant factor given the large sums that are being played for)

I’ll be tweeting regular updates of all events so everyone will be able to following my progress well.   
Bids can be made via pm or on the thread. The auction will close at 23:59:59 on Tues 12th June, except for bids by pm which will close 2hrs earlier to give me a chance to post them to the thread and give everyone an even chance.

Have C+Ped the rules from James’ previous auctions below. For reference 10% will cost $1,934 before any markup.

[Dry em]

T+Cs:

I am selling 50% of my gross prize money in the above named package of events. Currency conversions will be based at the xe.com rate at the time the auction closes.
Payments must be made by UK bank transfer or in person in GBP or USD$ cash
Everyone who is interested in buying a piece should 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 50 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 in 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
Thanks to James Keys for allowing me to copy this format. If I haven’t covered anything or you have any questions please shout up

[cambridgealex]

 

Good stuff Karl. I'll bid 2% at 1.25 and 5% at 1.0 thanks.

[skolsuper]

Very good OP. Will bid 4@1.08 and 2@1.3 plz. GL

[Dry em]

Cool, so will update this post as we go

Claypole         2.5% @1.32
cambridgealex 2% @ 1.31
lilD                4% @1.31
skolsuper       2% @ 1.3
Akenhead.      10% @1.3
Anon by pm      5% @1.3
Actionjack       15% @1.3
Redfox.           2.5% @1.3
Anon via Facebook 7% @1.3


Anon via Facebook 13% @1.3
Ripple11         2% @1.27
oldhand666      5% @1.27
lilD                4% @1.26
lilD                7% @1.26
oldhand666      5% @1.26
Lionrampant (via pm) 2.0% @1.25
Scotty77        2% @1.25
Tikay             2% @1.25
Actionjack      5% @1.25
PeteL             2.5% @1.22
lDMorgan          1% @1.21
oldhand666      5% @1.21
Da Bookie        5% @1.2
oldhand666      10% @1.16
lilD                 10% @1.15
Dave Burn       10% @1.15
Paul E            10% @1.15
Da Bookie        5% @1.15
skolsuper       4% @ 1.08
Nigdawg       20% @1.05
cambridgealex 5% @1.00

[NigDawG]

20% 1.05

[tikay]

Evening Karl.

2% @ 1.25, please.

[ripple11]

2% at 1.27 pls

[Dry em]

Evening Karl.

2% @ 1.25, please.

Evening sir & thank you

Plus thank you to everyone else that bids - probably a bit much to say it individually to each one

[tikay]

Evening Karl.

2% @ 1.25, please.

Evening sir & thank you

Plus thank you to everyone else that bids - probably a bit much to say it individually to each one

Evening Amy.

[Dry em]

Evening Karl.

2% @ 1.25, please.

Evening sir & thank you

Plus thank you to everyone else that bids - probably a bit much to say it individually to each one

Evening Amy.

It's past 6pm, she is not in a suitable state to be operating a computer

[SuuPRlim]

6% at 1.15

Kindest Regards

David

[scotty77]

2pc @ 1.25

[Dry em]

5% added for Da Bookie @1.15

Strike price still 1.05

[claypole]

2.5% at 1.20 please