CambridgeAlex GUKPT Luton Main AUCTION

[cambridgealex]

Hi guys, auctioning off 15% of my action in this weekends £1070 GUKPT main event in Luton. It starts on Friday, so we'll end the auction at midnight on Thursday. On a bit of a heater at the moment so playing the rush...Am driving down tomorrow to make sure am well rested for the early (!) start on Friday.

1% starts at £10.70 / 10% starts at £107.

http://pokerdb.thehendonmob.com/player.php?a=r&n=186500

Auctions rules as standard:

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 10 percentiles** at 00:00 on Friday 19th October 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 rounded 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Bids are binding and cannot be withdrawn, I am ending the auction in plenty of time to chase everyone up for payment before the event.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

Bids:

EdG 5% @ 1.4
tonytats 5% @ 1.4
Honeybadger 5% 10% @ 1.27
Luckyblind 5% @ 1.25
Kinboshi 5% @ 1.2
Borntobubble 5% @ 1.2
Rupert 15% @ 1.1

[edgascoigne]

5% @ 1.4

[kinboshi]

5% @ 1.2

[Rupert]

15%@1.1

[bobAlike]

Hi Alex, are you accepting bids off forum?

[Leatherman]

Not sure how this works but meh
10% @ 1.0

[cambridgealex]

Sorry, NO bids off forum/pm.

[cambridgealex]

Not sure how this works but meh
10% @ 1.0

The bids before you were:

EdG 5% @1.4
Kinboshi 5% @ 1.2
Rupert 15% @ 1.1

This means that since I'm only selling 15%, you cannot buy any at 1.0, since 15% has been sold at 1.1. The current price is 1.1, Ed and Kin have their 5% since their bids are higher than Ruperts, who gets the remaining 5%.

Any new bids must be >1.1 to stand a chance

[George2Loose]

15% at 1.0

[Leatherman]

15% at 1.0

Yeh yeh

[BorntoBubble]

 5% @ 1.2

[cambridgealex]

5% @ 1.2

booked, 1.2 now strike price

[luckyblind]

5% @1.25

[Honeybadger]

10% at 1.27

[George2Loose]

What if you need to re enter?