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TOPIC: Discount Lightning Auction 2020 $8k No.6 - Closed / Successful

Discount Lightning Auction 2020 $8k No.6 - Closed / Successful 1 month 2 weeks ago #1

Welcome to my Discount Lightning $8k Order Auction No. 6.

Change to Auction No. 6: Announcing your pseudonym at end of auction now gets you a $3 discount on shipping, rather than free shipping.

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 December 7th 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 a $3 discount on shipping. Maximum shipping per customer across all auctions is $14.35. If your total purchases across all auctions exceed $2000 I will refund all shipping costs.


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 met - Funded

1000 GP Bar
Qty. 25 : Flesh Golem - $13.75
Qty. 5 : Knight - $13.75
Qty. 2 : Raven - $13.75
Qty. 5 : Abominable Yeti - $13.75
Qty. 1 : Chain Devil - $13.75
Qty. 5 : Manticore - $13.75

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

2020 Complete Set of 3 Adventure Modules
Qty. 1 : Adult Blue Dracolich - $10.00
Qty. 7 : RESERVE - $10.00

2020 ONYX C/UC/R Set
Qty. 1 : Death Dog - $90.00

2020 ONYX URs:
ONXY +1 Mighty Shortbow : Vrock - $100.00
ONXY +2 Flaming Blade : Vrock - $105.00
ONXY Arcane Belt : Adult Blue Dracolich - $99.00
ONXY Arcane Bracelets : Satyr - $99.00
ONXY Arcane Earcuff : Chain Devil - $115.00
ONXY Bracers of Reckless Fury : Adult Blue Dracolich - $100.00
ONXY Charm of Brooching : Adult Blue Dracolich - $121.55
ONXY Charm of Glory : Chain Devil - $121.00
ONXY Cloak of the Elm : Adult Blue Dracolich - $100.00
ONXY Cook's Hat : Chain Devil - $99.00
ONXY Ioun Stone Banshee Prism : Kuo-toa - $96.78
ONXY Lenses of Agility : Vrock - $95.00
ONXY Lucky Light Mail : Orc Eye of Gruumsh - $90.00
ONXY Lucky Plate Armor : Manticore - $85.00
ONXY Lucky Shield : Orc Eye of Gruumsh - $99.00
ONXY Ring of Wonder : Lich - $122.55
ONXY Ring of the Drake : Reef Shark - $104.50
ONXY Semi-Lich Skull : Carrion Crawler - $105.00
ONXY Shirt of the Oaf : Adult Blue Dracolich - $105.00
ONXY Taborlin's Key : Chain Devil - $95.00

2020 or 2019 UR of Choice
Qty. 1 : Carrion Crawler - $100.00
Qty. 1 : Young Brass Dragon - $100.00
Qty. 3 : Vrock - $100.00
Qty. 3 : Satyr - $100.00
Qty. 2 : Banshee - $100.00
Qty. 2 : Lich - $100.00
Qty. 2 : Chain Devil - $100.00
Qty. 2 : Adult Blue Dracolich - $100.00

6th Tooth of Cavadar
Qty. 1 : Vrock - $40.00
Qty. 1 : Adult Blue Dracolich - $40.00
Qty. 1 : Young Brass Dragon - $40.00
Qty. 5 : Satyr - $40.00

Adventurer's Guild Buttons (e.g. bag check access)
Qty. 1 : Adult Blue Dracolich - $3.00
Qty. 1 : Knight - $3.00
Qty. 1 : Empyrean - $3.00
Qty. 1 : Werebear - $3.00

Alchemist's Ink
Qty. 10 : Knight - $3.00
Qty. 10 : Efreeti - $3.00
Qty. 2 : Helmed Horror - $3.00
Qty. 10 : Vrock - $3.00
Qty. 8 : Adult Blue Dracolich - $3.00

Alchemist's Parchment
Qty. 5 : Night Hag - $3.76
Qty. 10 : Abominable Yeti - $3.76
Qty. 10 : Efreeti - $3.76
Qty. 10 : Knight - $3.76
Qty. 5 : Death Tyrant - $3.76
Qty. 10 : Balor - $3.76
Qty. 5 : Death Tyrant - $3.76

Aragonite
Qty. 2 : Helmed Horror - $23.50
Qty. 2 : Vrock - $23.50
Qty. 1 : Knight - $23.50
Qty. 2 : Pentadrone - $23.50
Qty. 3 : Magmin - $23.50
Qty. 2 : Abominable Yeti - $23.50

Darkwood Plank
Qty. 20 : Knight - $1.00
Qty. 25 : Balor - $1.00
Qty. 20 : Death Tyrant - $1.00
Qty. 20 : Chain Devil - $1.00
Qty. 20 : kandi - $1.00
Qty. 4 : Kuo-toa - $1.00
Qty. 26 : Adult Blue Dracolich - $1.00

Dwarven Steel
Qty. 10 : Knight - $3.00
Qty. 8 : Pentadrone - $3.00
Qty. 10 : Efreeti - $3.00
Qty. 37 : Reef Shark - $3.00

Elven Bismuth
Qty. 2 : Knight - $12.00
Qty. 2 : Pentadrone - $12.00
Qty. 2 : Helmed Horror - $12.00
Qty. 8 : Abominable Yeti - $12.00

Enchanter's Munition
Qty. 10 : Knight - $2.00
Qty. 10 : Vrock - $2.00

Hitchhiking Ghost: Shog
Qty. 1 : Knight - $11.00
Qty. 3 : Tribal Warrior - $11.00

Lenses of the Owl
Qty. 4 : Werebear - $0.50
Qty. 2 : Death Tyrant - $0.50
Qty. 2 : Chain Devil - $0.50

Minotaur Hide
Qty. 5 : Night Hag - $1.90
Qty. 20 : Tribal Warrior - $1.90
Qty. 10 : Piercer - $1.90
Qty. 10 : Knight - $1.90

Mystic Silk
Qty. 35 : Chain Devil - $1.76
Qty. 25 : Balor - $1.76
Qty. 15 : Death Tyrant - $1.76
Qty. 10 : Knight - $1.76
Qty. 15 : Magmin - $1.76

Oil of Enchantment
Qty. 2 : Knight - $13.00
Qty. 2 : Manticore - $13.00
Qty. 8 : Banshee - $13.00

Orb of Dragonkind (Old)
Qty. 1 : Carrion Crawler - $465.00

Patron Pin and Corresponding Origins Registration Code
Qty. 1 : Empyrean - $60.00

Philosopher's Stone
Qty. 15 : Pentadrone - $2.00
Qty. 10 : Chain Devil - $2.00
Qty. 10 : Knight - $2.00
Qty. 15 : Death Tyrant - $2.00
Qty. 30 : kandi - $2.00
Qty. 10 : Balor - $2.00

Potion Condensed Healing
Qty. 17 : Adult Blue Dracolich - $1.00

Wish Ring
Qty. 1 : Satyr - $200.00


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.6 - 77% Funded 1 month 2 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 the funding goal (for example $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 discounted 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:
  • Deliver the '2019 or 2020 UR of Choice' selections on either gold or onyx backs.
  • Declare the auction successful / funded at less than the 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 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 bidding threshold is met and the auction concludes.
  • Update auction listings as True Adventures changes the listed components of an 8k purchase.
The list above is not comprebensive.

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Last edit: by Matthew Hayward.

Discount Lightning Auction 2020 $8k No.6 - 77% Funded 1 month 2 weeks ago #3

If we have already won free shipping in a prior auction, will winnings from this one cost money, or will combined shipping be free?

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Discount Lightning Auction 2020 $8k No.6 - 77% Funded 1 month 2 weeks ago #4

Endgame wrote: If we have already won free shipping in a prior auction, will winnings from this one cost money, or will combined shipping be free?


Shipping charges are per auction. If they weren’t there would be no reason to announce your pseudonym once you got free shipping in any auction (also because actual shipping costs correlate with number of items won).

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Last edit: by Matthew Hayward.

Discount Lightning Auction 2020 $8k No.6 - 77% Funded 1 month 2 weeks ago #5

5 auctions = 5 shipping charges. Each announcement removes 1 shipping charge.

Is that a correct understanding?

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Discount Lightning Auction 2020 $8k No.6 - 77% Funded 1 month 2 weeks ago #6

edwin wrote: 5 auctions = 5 shipping charges. Each announcement removes 1 shipping charge.

Is that a correct understanding?

That would be rough if you ordered 1 ur per auction. $40 shipping for 5 tokens in package

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Discount Lightning Auction 2020 $8k No.6 - 77% Funded 1 month 2 weeks ago #7

edwin wrote: 5 auctions = 5 shipping charges. Each announcement removes 1 shipping charge.

Is that a correct understanding?


Yes.

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Discount Lightning Auction 2020 $8k No.6 - 77% Funded 1 month 2 weeks ago #8

Endgame wrote:

edwin wrote: 5 auctions = 5 shipping charges. Each announcement removes 1 shipping charge.

Is that a correct understanding?

That would be rough if you ordered 1 ur per auction. $40 shipping for 5 tokens in package


Just post your name and for the first five auctions shipping costs drop to zero. OR...people can always choose not to bid if they don't like the shipping costs.
"Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world." - Albert Einstein

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Last edit: by Rob F.

Discount Lightning Auction 2020 $8k No.6 - 77% Funded 1 month 2 weeks ago #9

Endgame wrote:

edwin wrote: 5 auctions = 5 shipping charges. Each announcement removes 1 shipping charge.

Is that a correct understanding?

That would be rough if you ordered 1 ur per auction. $40 shipping for 5 tokens in package


Good point - a few updates to shipping policy in response:

1. Across all auctions placed during the pre-order period, there is a per-customer maximum of $14.35 in shipping (that's the cost of a USPS flat rate box).

2. If you spend in total across all pre-order auctions more than $2000 you get free shipping in the US no matter what.

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Discount Lightning Auction 2020 $8k No.6 - 92% Funded 1 month 2 weeks ago #10

Pmd
i think I'm some sort of wizard

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Discount Lightning Auction 2020 $8k No.6 - 99.86% Funded 1 month 1 week ago #11

PM sent

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Discount Lightning Auction 2020 $8k No.6 - Closed / Successful 1 month 1 week ago #12

Auction complete! I'll be updating bidders shortly.

If you missed out, you can try on the Auction No. 7 at:

truedungeon.com/forum?view=topic&layout=reply&catid=584&id=250617

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