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TOPIC: Discount Lightning Auction 2020 $8k No.5 - Closed / Success

Discount Lightning Auction 2020 $8k No.5 - Closed / Success 3 weeks 1 day ago #1

Welcome to my Discount Lightning $8k Order Auction No. 5.

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 $7500, including the value of all items still at their reserve price.
  • PyP choices are due at the time of payment.
  • If the $7500 threshold is not met by October 31st 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.

Current Bids:


$7500 goal funded.

1000 GP Bar
Qty. 4 : Treant - $13.00
Qty. 5 : Bandit Captain - $13.00
Qty. 5 : Violet Fungus - $13.00
Qty. 3 : Young Brass Dragon - $13.00
Qty. 5 : Noble - $13.00
Qty. 10 : Hell Hound - $13.00
Qty. 7 : Quipper - $13.00
Qty. 4 : RESERVE - $13.00

2020 3x Treasure Chip
Qty. 16 : Flesh Golem - $14.00

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

2020 ONYX C/UC/R Set
Qty. 1 : Oni - $55.00

2020 ONYX URs:
ONXY +1 Mighty Shortbow : Quipper - $90.00
ONXY +2 Flaming Blade : Death Slaad - $99.00
ONXY Arcane Belt : Adult Blue Dracolich - $99.00
ONXY Arcane Bracelets : Adult Blue Dracolich - $99.00
ONXY Arcane Earcuff : Adult Blue Dracolich - $111.51
ONXY Bracers of Reckless Fury : RESERVE - $99.00
ONXY Charm of Brooching : Adult Blue Dracolich - $121.00
ONXY Charm of Glory : Red Slaad - $125.00
ONXY Cloak of the Elm : Ghast - $105.00
ONXY Cook's Hat : Quipper - $99.00
ONXY Ioun Stone Banshee Prism : RESERVE - $99.00
ONXY Lenses of Agility : Noble - $101.00
ONXY Lucky Light Mail : RESERVE - $99.00
ONXY Lucky Plate Armor : Ghast - $90.00
ONXY Lucky Shield : Ghast - $99.00
ONXY Ring of Wonder : Red Slaad - $125.00
ONXY Ring of the Drake : Flameskull - $105.00
ONXY Semi-Lich Skull : Violet Fungus - $99.00
ONXY Shirt of the Oaf : Flameskull - $105.00
ONXY Taborlin's Key : Violet Fungus - $99.00

2020 or 2019 UR of Choice
Qty. 5 : Oni - $99.00
Qty. 2 : Death Slaad - $99.00
Qty. 3 : Bandit Captain - $99.00
Qty. 6 : Quipper - $99.00

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

Adventurer's Guild Buttons (e.g. bag check access)
Qty. 2 : Oni - $4.00
Qty. 1 : Bandit Captain - $4.00
Qty. 1 : Young Brass Dragon - $4.00

Alchemist's Ink
Qty. 10 : Empyrean - $3.00
Qty. 10 : Flameskull - $3.00
Qty. 20 : Manes - $3.00

Alchemist's Parchment
Qty. 10 : Empyrean - $4.21
Qty. 5 : Treant - $4.21
Qty. 2 : Quipper - $4.21
Qty. 38 : Flesh Golem - $4.21

Aragonite
Qty. 1 : Empyrean - $24.21
Qty. 2 : Quipper - $24.21
Qty. 1 : Flameskull - $24.21
Qty. 8 : Flesh Golem - $24.21

Avernon's +3 Cherry Wine
Qty. 5 : Oni - $0.50
Qty. 2 : Young Brass Dragon - $0.50
Qty. 10 : Violet Fungus - $0.50
Qty. 15 : Invisible Stalker - $0.50

Darkwood Plank
Qty. 1 : Salamander - $1.61
Qty. 134 : Flesh Golem - $1.61

Dwarven Steel
Qty. 2 : Salamander - $3.21
Qty. 8 : Quipper - $3.21
Qty. 55 : Flesh Golem - $3.21

Elven Bismuth
Qty. 2 : Empyrean - $12.25
Qty. 3 : Kraken - $12.25
Qty. 3 : Quipper - $12.25
Qty. 2 : Flameskull - $12.25
Qty. 4 : Adult Black Dragon - $12.25

Enchanter's Munition
Qty. 2 : Empyrean - $2.00
Qty. 1 : Salamander - $2.00
Qty. 17 : RESERVE - $2.00

Hitchhiking Ghost: Shog
Qty. 4 : RESERVE - $15.00

Lenses of the Owl
Qty. 1 : Young Brass Dragon - $0.51
Qty. 7 : Violet Fungus - $0.51

Minotaur Hide
Qty. 5 : Flameskull - $2.00
Qty. 3 : Noble - $2.00
Qty. 2 : Quipper - $2.00
Qty. 5 : Empyrean - $2.00
Qty. 2 : Salamander - $2.00
Qty. 28 : Manes - $2.00

Mystic Silk
Qty. 5 : Empyrean - $2.21
Qty. 1 : Salamander - $2.21
Qty. 94 : Flesh Golem - $2.21

Oil of Enchantment
Qty. 1 : Empyrean - $13.00
Qty. 1 : Treant - $13.00
Qty. 2 : Salamander - $13.00
Qty. 1 : Bandit Captain - $13.00
Qty. 1 : Flameskull - $13.00
Qty. 3 : Kraken - $13.00
Qty. 1 : Quipper - $13.00
Qty. 1 : Weasel - $13.00
Qty. 1 : Noble - $13.00

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

Patron Pin and Corresponding Origins Registration Code
Qty. 1 : Quipper - $65.00

Philosopher's Stone
Qty. 10 : Treant - $2.21
Qty. 1 : Salamander - $2.21
Qty. 79 : Flesh Golem - $2.21

Potion Condensed Healing
Qty. 5 : Young Brass Dragon - $1.27
Qty. 12 : Flesh Golem - $1.27

Wish Ring
Qty. 1 : Kraken - $195.00


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.5 - 3 weeks 1 day 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.

2. In order to take over any bid, including RESERVE bids, you must bid higher than that bit. You won't pay more than the RESERVE price until you are competing with live bidders.

All bids submitted at the RESERVE price will be automatically updated to 1 cent more than the reserve.

Unlikely Scenarios:

I reserve the right to:
  • Declare the auction successful / funded at less than the $7,500 threshold treating all bids as final.
  • Pause or suspect the auction at any time for any reason.
  • 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.5 - 91% Funded 3 weeks 21 hours ago #3

Pmd
i think I'm some sort of wizard

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Discount Lightning Auction 2020 $8k No.5 - Closed / Success 2 weeks 5 days ago #4

Auction funded! I'll be sending final bid statements later today, but the bids in post 1 are final!

If you missed you, check out Auction No. 6:

truedungeon.com/forum?view=topic&catid=584&id=250584

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Last edit: by Matthew Hayward.

Discount Lightning Auction 2020 $8k No.5 - Closed / Success 2 weeks 5 days ago #5

Call me Salamander
When all signs point to Rome, Diane, it’s time to buy Lira and go. - Agent Dale Cooper
2004 Gen Con's True Dungeon ○ 2005 Assault Atop Castle Greyhawk ○ 2005 Battle Beneath Castle Greyhawk ○ 2005 True Heroes "Avengers Assemble!" ○ 2006 Escape the Spider Cult (VIP) ○ 2008 Hope for the Lost ○ 2009 With Smoak Comes Fire ○ 2009 The Five Aspects ○ 2009 True Grind ○ 2010 DragonWard ○ 2010 The Evading Hilt ○ ... and beyond!

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Discount Lightning Auction 2020 $8k No.5 - Closed / Success 2 weeks 5 days ago #6

I'm Kraken.

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Discount Lightning Auction 2020 $8k No.5 - Closed / Success 2 weeks 5 days ago #7

Bandit Captain here.

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Discount Lightning Auction 2020 $8k No.5 - Closed / Success 2 weeks 5 days ago #8

I was young brass dragon

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Discount Lightning Auction 2020 $8k No.5 - Closed / Success 2 weeks 5 days ago #9

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Discount Lightning Auction 2020 $8k No.5 - Closed / Success 2 weeks 5 days ago #10

Invisible Stalker here. Loved this name.
"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.5 - Closed / Success 2 weeks 5 days ago #11

Quipper

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Discount Lightning Auction 2020 $8k No.5 - Closed / Success 2 weeks 5 days ago #12

Death Slaad

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