TOPIC: 2018 8k Order Auction

Just for the record, I've had lots of transactions with Matthew and they've all gone wonderfully.

I don't have any problem with Matthew not going forward with the auction, as he did say from the start that it might not go forward if it didn't hit $8K. It seems reasonable for him to decide that he's better off just getting an $8K purchase for himself rather than spending all the time to get the order and ship out all of the component parts for relatively little gain.

Hopefully others will do similar auctions that we can all bid on, as there have been several recently. For someone with time on their hands to deal with this, it can still be pretty profitable. If you can cover the $8K (or come close) auctioning all the items as Matthew did, you would get as your reward for the time & effort 9 or 10 random URs and maybe a 40% shot at a Golden Ticket.

Mike Steele wrote: Just for the record, I've had lots of transactions with Matthew and they've all gone wonderfully.

Full disclosure, I too have had successful purchases from Matt off eBay. These were the first issues I've had with anyone related to True Dungeon purchases.

Mike Steele wrote: I don't have any problem with Matthew not going forward with the auction, as he did say from the start that it might not go forward if it didn't hit $8K. It seems reasonable for him to decide that he's better off just getting an $8K purchase for himself rather than spending all the time to get the order and ship out all of the component parts for relatively little gain.

Hopefully others will do similar auctions that we can all bid on, as there have been several recently. For someone with time on their hands to deal with this, it can still be pretty profitable. If you can cover the $8K (or come close) auctioning all the items as Matthew did, you would get as your reward for the time & effort 9 or 10 random URs and maybe a 40% shot at a Golden Ticket.

I don't want to keep beating up on Matt here, whats done is done, and honestly there is no harm done other than some lost time, sleep and some disappointment.

But id like to comment on this Mike. Maybe this auction was strictly a means to make money on an 8k order, and I understand its not being worth while to someone. I can't presume to guess the motives on it, I had hoped I was part of an effort to raise the capital for a larger order allowing folks who can't normally get access to these tokens a chance. I don't agree that its reasonable to waste everyone's time for a week and then back out over a miscommunication on timing and minimal amount of money, I think a touch more communication could have solved this in a more favorable way. It just could have been handled better and has really put me off of this type of deal going forward.

If anything, I hope whats taken from this experience is that people consider the impact of their decisions before conducting trades or auctions like this.

Guedoji wrote:

Mike Steele wrote: Just for the record, I've had lots of transactions with Matthew and they've all gone wonderfully.

Full disclosure, I too have had successful purchases from Matt off eBay. These were the first issues I've had with anyone related to True Dungeon purchases.

Mike Steele wrote: I don't have any problem with Matthew not going forward with the auction, as he did say from the start that it might not go forward if it didn't hit $8K. It seems reasonable for him to decide that he's better off just getting an $8K purchase for himself rather than spending all the time to get the order and ship out all of the component parts for relatively little gain.

Hopefully others will do similar auctions that we can all bid on, as there have been several recently. For someone with time on their hands to deal with this, it can still be pretty profitable. If you can cover the $8K (or come close) auctioning all the items as Matthew did, you would get as your reward for the time & effort 9 or 10 random URs and maybe a 40% shot at a Golden Ticket.

I don't want to keep beating up on Matt here, whats done is done, and honestly there is no harm done other than some lost time, sleep and some disappointment.

But id like to comment on this Mike. Maybe this auction was strictly a means to make money on an 8k order, and I understand its not being worth while to someone. I can't presume to guess the motives on it, I had hoped I was part of an effort to raise the capital for a larger order allowing folks who can't normally get access to these tokens a chance. I don't agree that its reasonable to waste everyone's time for a week and then back out over a miscommunication on timing and minimal amount of money, I think a touch more communication could have solved this in a more favorable way. It just could have been handled better and has really put me off of this type of deal going forward.

If anything, I hope whats taken from this experience is that people consider the impact of their decisions before conducting trades or auctions like this.

My take-away is that EVERYONE undervalues a bag of 120 random rares or 240 random uncommons...either that, or we all are overvaluing trade goods.

Matthew Hayward wrote: Auction Rules:

In order for the auction to be guaranteed succeed the grand total of all bids must meet or exceed $8,000 - if it falls short I may choose to go forward, or call the whole thing off.

As a participant/bidder - I went into it knowing it wasn't a sure thing. It was pretty explicit in the terms of the auction. I've seen some folks go ahead with auction goals not being met - but it doesn't mean I should expect it to happen here.

Happy surprise if it did - but partly my fault for not going after more things to make sure this was a sure bet. Like the bags of 120 random rares!

kurtreznor wrote:

Guedoji wrote:

Mike Steele wrote: Just for the record, I've had lots of transactions with Matthew and they've all gone wonderfully.

Full disclosure, I too have had successful purchases from Matt off eBay. These were the first issues I've had with anyone related to True Dungeon purchases.

Mike Steele wrote: I don't have any problem with Matthew not going forward with the auction, as he did say from the start that it might not go forward if it didn't hit $8K. It seems reasonable for him to decide that he's better off just getting an $8K purchase for himself rather than spending all the time to get the order and ship out all of the component parts for relatively little gain.

Hopefully others will do similar auctions that we can all bid on, as there have been several recently. For someone with time on their hands to deal with this, it can still be pretty profitable. If you can cover the $8K (or come close) auctioning all the items as Matthew did, you would get as your reward for the time & effort 9 or 10 random URs and maybe a 40% shot at a Golden Ticket.

I don't want to keep beating up on Matt here, whats done is done, and honestly there is no harm done other than some lost time, sleep and some disappointment.

But id like to comment on this Mike. Maybe this auction was strictly a means to make money on an 8k order, and I understand its not being worth while to someone. I can't presume to guess the motives on it, I had hoped I was part of an effort to raise the capital for a larger order allowing folks who can't normally get access to these tokens a chance. I don't agree that its reasonable to waste everyone's time for a week and then back out over a miscommunication on timing and minimal amount of money, I think a touch more communication could have solved this in a more favorable way. It just could have been handled better and has really put me off of this type of deal going forward.

If anything, I hope whats taken from this experience is that people consider the impact of their decisions before conducting trades or auctions like this.

My take-away is that EVERYONE undervalues a bag of 120 random rares or 240 random uncommons...either that, or we all are overvaluing trade goods.

I dont know, trade goods seem to be at an all time low in general, which decreases random rares and uncommons.

The bags in Kirks orders went for less than the ones listed here.

Aeroneus Martellus wrote:

Matthew Hayward wrote: Auction Rules:

In order for the auction to be guaranteed succeed the grand total of all bids must meet or exceed $8,000 - if it falls short I may choose to go forward, or call the whole thing off.

As a participant/bidder - I went into it knowing it wasn't a sure thing. It was pretty explicit in the terms of the auction. I've seen some folks go ahead with auction goals not being met - but it doesn't mean I should expect it to happen here.

Happy surprise if it did - but partly my fault for not going after more things to make sure this was a sure bet. Like the bags of 120 random rares!

I actually did bid higher on the rare bags, but I had the end time wrong and missed the window.

Guedoji wrote:

Matthew Hayward wrote: Also unfortunately, the grand total of final bids did not reach the $8,000 threshold, so the auction has failed and will not be implemented.

I could completely understand if something significant changed in which you could not complete the order or if the auction didn't go well and you would have taken a huge loss so decided to back out. However, what I see here is an auction that ended with only about $150 left on the table in which you canceled, then followed up stating you will likely place your own order anyways.

Here are some of the reasons why being $150 short on this was not particularly appealing to go forward with:

1. Some items didn't attract initial bids, including:

7x Signed Adventure Modules
20x Darwkood Plank
4x Enchanters Munition

This means included in the ~$7850 of the total is around $100 for these items, which clearly there isn't demand for - It seems I'd be likely to get stuff with this stuff for a long time, or sell it for less.

2. As things were set up I was never going to break even on shipping - I was looking to collect around $80 in shipping, and spend around $120 in shipping and another $90 in insurance - so that's another $130 in the hole.

3. Since I was pulling the random URs from the rare bags, I need to buy 10 more token 10 packs for $80 to replace the URs with rares for the 120 rare bags. After doing that I'm left me with ~10 packs worth of loose commons and uncommons, which are basically worthless - based on the prices of trade goods in this auction they're worth around $10. So that's another $70 in the hole.

So basically, to go forward at -150 on the goal means:

* I'm out around $350 out of pocket
* I still have to do all the work of collecting funds and shipping to ~20 buyers
* I'm left sitting on $100 "worth" of inventory that probably can't be sold for that much right now

Hopefully that might illustrate why going forward with this auction wasn't appealing.

Guedoji wrote:

Matthew Hayward wrote: If it makes you feel better, I'm currently offering to sell around 8 items worth around $475 total to 5-6 buyers, in most cases for less than the final auction prices, and for exactly the final price for the rest.

No... that doesn't really help.

Perhaps a more favorable option here, instead of canceling the whole thing would have been to extend the auction out another day (correcting the mistake/confusion on timing) or even asking folks for their opinion or if they wouldn't mind filling the minor gap so you didn't take a loss. Your final response to the matter came across as... So Long, and Thanks for All the Fish

The problem I perceive with the approach of extending the auction is that it harms the bidders who followed the rules. If I announce an auction ends at time X, and then arbitrarily extend it and more bids come in, two things happen:

1. Someone who was winning at the end of the scheduled time might then lose a token in the extended period - which wouldn't be fair to them.

2. Someone who was winning at the end of the scheduled time might get bid up higher and still win, paying a higher price than was in place at the scheduled end - which also wouldn't be fair to them.

I really don't think extending the auction was an option for those reasons.

Matthew Hayward wrote:

Guedoji wrote:

Matthew Hayward wrote: Also unfortunately, the grand total of final bids did not reach the $8,000 threshold, so the auction has failed and will not be implemented.

I could completely understand if something significant changed in which you could not complete the order or if the auction didn't go well and you would have taken a huge loss so decided to back out. However, what I see here is an auction that ended with only about $150 left on the table in which you canceled, then followed up stating you will likely place your own order anyways.

Here are some of the reasons why being $150 short on this was not particularly appealing to go forward with:

1. Some items didn't attract initial bids, including:

7x Signed Adventure Modules
20x Darwkood Plank
4x Enchanters Munition

This means included in the ~$7850 of the total is around $100 for these items, which clearly there isn't demand for - It seems I'd be likely to get stuff with this stuff for a long time, or sell it for less.

2. As things were set up I was never going to break even on shipping - I was looking to collect around $80 in shipping, and spend around $120 in shipping and another $90 in insurance - so that's another $130 in the hole.

3. Since I was pulling the random URs from the rare bags, I need to buy 10 more token 10 packs for $80 to replace the URs with rares for the 120 rare bags. After doing that I'm left me with ~10 packs worth of loose commons and uncommons, which are basically worthless - based on the prices of trade goods in this auction they're worth around $10. So that's another $70 in the hole.

So basically, to go forward at -150 on the goal means:

* I'm out around $350 out of pocket
* I still have to do all the work of collecting funds and shipping to ~20 buyers
* I'm left sitting on $100 "worth" of inventory that probably can't be sold for that much right now

Hopefully that might illustrate why going forward with this auction wasn't appealing.

Guedoji wrote:

Matthew Hayward wrote: If it makes you feel better, I'm currently offering to sell around 8 items worth around $475 total to 5-6 buyers, in most cases for less than the final auction prices, and for exactly the final price for the rest.

No... that doesn't really help.

Perhaps a more favorable option here, instead of canceling the whole thing would have been to extend the auction out another day (correcting the mistake/confusion on timing) or even asking folks for their opinion or if they wouldn't mind filling the minor gap so you didn't take a loss. Your final response to the matter came across as... So Long, and Thanks for All the Fish

The problem I perceive with the approach of extending the auction is that it harms the bidders who followed the rules. If I announce an auction ends at time X, and then arbitrarily extend it and more bids come in, two things happen:

1. Someone who was winning at the end of the scheduled time might then lose a token in the extended period - which wouldn't be fair to them.

2. Someone who was winning at the end of the scheduled time might get bid up higher and still win, paying a higher price than was in place at the scheduled end - which also wouldn't be fair to them.

I really don't think extending the auction was an option for those reasons.

Not that it is the straw the breaks the camels back, but the raare bags come with eitger 121 or 122 tokens, according to the coondensed pack was eruption, soo you wouldn't have had to buy the 10 packs.

As for the inventory, you are right, those things seem to be oversupplied.

Also, I very much agree with your reasoning for not extending the auction.