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TOPIC: Discount Lightning Auction 2020 $8k No.3 - Success / Funded

Discount Lightning Auction 2020 $8k No.3 - Success / Funded 1 month 3 weeks ago #1

Welcome to my Discount Lightning $8k Order Auction No. 3.

I dropped the initial reserves for several items in this auction.

By now you know the drill: Faster, Cheaper, and high Transparency. Details in Post #2.

How bidding works:
  • A bid on a set of identical items is recorded as: (Bidder, Max Bid, Quantity, Time of Bid)
  • A sorted list of all bids for an item is maintained sorted by descending Max Bid, ascending Time
  • Winning bidders are allocated items by going down the sorted list and allocating items up to desired Quantity until all items have been allocated
  • The winning bid amount is the Max Bid amount of the first bid to not have their whole requested quantity
    • All winning bidders pay the same amount

I'll update the currently leading bidders in this post, quantities, and the current bid price by pseudonym as new bids come in.

If you'd like to learn more, see the example below in the second post on this thread.

Threshold and Timelines:
  • The auction will end as soon as I process a bid that puts the total value at or over $7,500, including the value of all items still at their reserve price.
  • PyP choices are due at the time of payment.
  • If the $7,500 threshold is not met by 10/25 the auction is not funded and will be cancelled.
  • Items will be mailed to you within 1 week after my receipt of them from True Adventures. Be forewarned that some items (like adventure modules) are sent out by True Adventures much later than others.

Shipping: Within the US: $8 per customer. Outside the US: Actual shipping cost. You may choose to announce your pseudonym after the auction in exchange for free shipping to the US, or an $8 discount on shipping outside the US.

Payment: Is via PayPal and due within 3 days of me notifying you of your won bid. The amount that reaches my PayPal account must be the sum of your won bids and shipping.

NOTE: You may redeem 2 PyP selections for a complete C/UC/R ONYX Set. You may redeem 18 PyP selections for a complete C/UC/R/UR ONYX Set. Limit one such substitution per auction, priority will be given to winning bidders in order of highest bidder first, breaking ties on earliest bid.

Current Bids:


$7500 goal met - Auction Funded!

1000 GP Bar
Qty. 1 : Faerie Dragon - $16.00
Qty. 42 : RESERVE - $16.00

2020 3x Treasure Chip
Qty. 16 : Gelatinous Cube - $10.51

2020 Complete Set of 3 Adventure Modules
Qty. 8 : RESERVE - $10.00

2020 or 2019 UR of Choice
Qty. 2 : Baboon - $95.00
Qty. 1 : Carrion Crawler - $95.00
Qty. 2 : Faerie Dragon - $95.00
Qty. 18 : Ogre - $95.00
Qty. 1 : Harpy - $95.00
Qty. 10 : Ice Devil - $95.00

6th Tooth of Cavadar
Qty. 8 : RESERVE - $45.00

Adventurer's Guild Buttons (e.g. bag check acccess)
Qty. 1 : Jackal - $3.00
Qty. 1 : Harpy - $3.00
Qty. 2 : RESERVE - $3.00

Alchemist's Ink
Qty. 42 : Death Dog - $3.33

Alchemist's Parchment
Qty. 39 : Death Dog - $4.73
Qty. 16 : Baboon - $4.73

Aragonite
Qty. 5 : Death Dog - $22.05
Qty. 3 : Baboon - $22.05
Qty. 3 : Harpy - $22.05
Qty. 1 : Lich - $22.05

Avernon's +3 Cherry Wine
Qty. 32 : Knight - $0.35

Darkwood Plank
Qty. 80 : Baboon - $1.53
Qty. 55 : Gelatinous Cube - $1.53

Dwarven Steel
Qty. 65 : Gelatinous Cube - $4.50

Elven Bismuth
Qty. 3 : Baboon - $14.23
Qty. 1 : Carrion Crawler - $14.23
Qty. 5 : Death Dog - $14.23
Qty. 5 : Baboon - $14.23

Enchanter's Munition
Qty. 2 : Faerie Dragon - $2.50
Qty. 18 : RESERVE - $2.50

Hitchhiking Ghost: Shog (one use, may equip additional rare waist slot item)
Qty. 1 : Nycaloth - $24.00
Qty. 3 : RESERVE - $24.00

Lenses of the Owl
Qty. 2 : Carrion Crawler - $0.50
Qty. 2 : Magmin - $0.50
Qty. 4 : RESERVE - $0.50

Minotaur Hide
Qty. 3 : Carrion Crawler - $1.53
Qty. 12 : Efreeti - $1.53
Qty. 30 : Gelatinous Cube - $1.53

Mystic Silk
Qty. 85 : Death Dog - $2.53
Qty. 15 : Gelatinous Cube - $2.53

Oil of Enchantment
Qty. 10 : Death Dog - $15.00
Qty. 2 : Pentadrone - $15.00

Orb of Dragonkind (Old)
Qty. 1 : RESERVE - $480.00

Patron Pin and Corresponding Origins Registration Code
Qty. 1 : Harpy - $55.00

Philosopher's Stone
Qty. 55 : Death Dog - $2.53
Qty. 35 : Gelatinous Cube - $2.53

Potion Condensed Healing
Qty. 17 : Gelatinous Cube - $1.25

Wish Ring
Qty. 1 : Jackal - $205.33


The Fine Print:
See the next post for details on bidding and other corner case rules.

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Last edit: by Matthew Hayward.

Discount Lightning Auction 2020 $8k No.3 - 84% Funded 1 month 3 weeks ago #2

This auction is run a little differently than others have been run recently. I have made these changes to make things sell faster, and at a lower price than other auctions.

Faster: As soon as this auction hits $7,500 or more in value it is funded and bids are final. Other auctions typically run through some deadline, leading to sniping after the auction has reached its funding threshold and higher prices.

Cheaper:

This auction will use a Multiunit auction bidding system. This ensures that every bidder pays the same, lowest price for identical won items. Other auctions typically are run in a way such that some winning bidders pay more than others for identical items.

No bid increments - in the auction system here you never pay more than the exact amount another bidder was willing to pay. Other auctions typically jump the second bid by some threshold amount ($1, $5?), resulting in winning bidders paying more than anyone else was willing to pay.

Transparency: While keeping bidder’s true identities secret with pseudonyms, at the end of the auction I’ll publish all the bids, so you can see how the bids stacked up.

In additional, I’ll offer free shipping to any winning bidders who choose to announce what their pseudonym was here in this thread.

Details:

1. Bids are set by the first bidder who doesn't get their desired quantity, rather than by the first bidder who gets nothing.

Bidding Example:

There are eight 6th Tooth of Cavadar available.

There are four bids placed:
#1 Alice bids $45 on 3
#2 Bob bids $45 on 2
#3 Cindy bids $39 on all 8
#4 Dave bids $35 on 4

We sort the bids in terms of descending max bid, breaking ties on earliest bid placed:
Alice, $45 on 3 (ahead of Bob because Alice bid first)
Bob, $45 on 2
Cindy, $39 on all 8
Dave, $35 on 4

Then we allocate the eight available items down our sorted list:
Alice is currently winning 3
Bob is currently winning 2
Cindy is currently winning 3 (out of her requested 8, but there are only 3 available after Alice and Bob, who bid more get theirs)
Dave isn’t winning any

Then we set the price for all winning bidders based on the first bid that is not getting it's entire desired quantity: that’s Cindy’s bid at $39.

So currently the winning bids are:
Bob, quantity 2 for $39
Alice, quantity 3 for $39
Cindy, quantity 3 for $39

Other auction systems would also allocate the eight winning items the same way, Bob gets 2, Alice gets 3, Cindy gets 3. However they might charge some of of Bob, Alice, and Cindy more than $39, and they might charge the three of them different amounts for identical items.

Detailed Bidding Rules:

1. I have placed RESERVE bids on some items at the start of the auction. These are the only bids I will place in this auction. RESERVE are implemented as 2 bids on the entire quantity available, at the reserve price.

Unlikely Scenarios:

I reserve the right to:
  • Offer “second chance” options to losing bidders which they may accept or reject.
  • Reject or cancel individual bids for any reason before payment is made.
  • Cancel the auction entirely at any point prior to it being funded at the $7,500 threshold.
  • Refund all payments made in full, and cancel the auction entirely, in the unlikely event that winning bidders back out and/or do not pay in a timely fashion after the $7,500 bidding threshold is met and the auction concludes.
  • Update auction listings as True Adventures changes the listed components of an 8k purchase.

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Last edit: by Matthew Hayward.

Discount Lightning Auction 2020 $8k No.3 - 99.75% Funded 1 month 3 weeks ago #3

Let's get this funded. PM Sent..
"Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world." - Albert Einstein

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Discount Lightning Auction 2020 $8k No.3 - 99.75% Funded 1 month 3 weeks ago #4

I also just sent a PM

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Discount Lightning Auction 2020 $8k No.3 - 99.77% Funded 1 month 3 weeks ago #5

Updated winning bids for:

PyPs, Aragonite

99.77% funded.

This is getting really close - as soon as we cross the $7500 threshold that's it, so don't wait too long if you wanted to bid!

Still have: PyPs at $95, bag check access for $3, Aragonite at $21.11, Wish Ring at $205.33.

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Last edit: by Matthew Hayward.

Discount Lightning Auction 2020 $8k No.3 - 99.77% Funded 1 month 3 weeks ago #6

I just took a DNA test,
turns out I’m 100% that Lich.

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Discount Lightning Auction 2020 $8k No.3 - Success / Funded 1 month 3 weeks ago #7

We did it! The auction was a success - bids here are final.

I'll be sending notifications to everyone in a few minutes.

If you missed out, I'm doing another auction here:

truedungeon.com/forum?view=topic&catid=584&id=250559

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Discount Lightning Auction 2020 $8k No.3 - Success / Funded 1 month 3 weeks ago #8

My bids were under the pseudonym 'Pentadrone"

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Discount Lightning Auction 2020 $8k No.3 - Success / Funded 1 month 3 weeks ago #9

Matthew Hayward wrote: We did it! The auction was a success - bids here are final.

I'll be sending notifications to everyone in a few minutes.

If you missed out, I'm doing another auction here:

truedungeon.com/forum?view=topic&catid=584&id=250559


I believe I've notified all winners at this point!

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Discount Lightning Auction 2020 $8k No.3 - Success / Funded 1 month 3 weeks ago #10

I was Gelatinous Cube.

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Discount Lightning Auction 2020 $8k No.3 - Success / Funded 1 month 3 weeks ago #11

Harpy here

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Discount Lightning Auction 2020 $8k No.3 - Success / Funded 1 month 3 weeks ago #12

Jackal here

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