TOPIC: Discount Lightning Auction 2020 $8k No.7 - Success / Complete

Welcome to my Discount Lightning $8k Order Auction No. 7.

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:


Goal Met!

1000 GP Bar
Qty. 25 : Horn of Valhalla - $14.50
Qty. 10 : Apparatus of Kwalish - $14.50
Qty. 8 : Robe of Scintillating Colors - $14.50

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

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

2020 ONYX C/UC/R Set
Qty. 1 : Talisman of the Sphere - $95.00

2020 ONYX URs:
ONXY +1 Mighty Shortbow : Figurine of Wondrous Power - $95.00
ONXY +2 Flaming Blade : Robe of Stars - $99.00
ONXY Arcane Belt : Talisman of Pure Good - $112.00
ONXY Arcane Bracelets : Talisman of the Sphere - $105.00
ONXY Arcane Earcuff : Talisman of the Sphere - $121.00
ONXY Bracers of Reckless Fury : Robe of Scintillating Colors - $96.00
ONXY Charm of Brooching : Robe of Scintillating Colors - $120.00
ONXY Charm of Glory : Robe of Scintillating Colors - $130.00
ONXY Cloak of the Elm : Horn of Valhalla - $105.00
ONXY Cook's Hat : Amulet of the Planes - $99.00
ONXY Ioun Stone Banshee Prism : Horn of Valhalla - $105.00
ONXY Lenses of Agility : Horn of Valhalla - $105.00
ONXY Lucky Light Mail : Figurine of Wondrous Power - $85.00
ONXY Lucky Plate Armor : Robe of Stars - $91.00
ONXY Lucky Shield : Robe of Stars - $96.00
ONXY Ring of Wonder : Robe of Scintillating Colors - $110.00
ONXY Ring of the Drake : Horn of Valhalla - $110.00
ONXY Semi-Lich Skull : Talisman of the Sphere - $115.00
ONXY Shirt of the Oaf : Robe of Scintillating Colors - $100.00
ONXY Taborlin's Key : Horn of Valhalla - $95.00

2020 or 2019 UR of Choice
Qty. 1 : Horn of Valhalla - $105.00
Qty. 1 : Efreeti Bottle - $105.00
Qty. 5 : Cloak of Arachnida - $105.00
Qty. 5 : Robe of Scintillating Colors - $105.00
Qty. 4 : Robe of Scintillating Colors - $105.00

6th Tooth of Cavadar
Qty. 1 : Robe of Scintillating Colors - $35.00
Qty. 2 : Apparatus of Kwalish - $35.00
Qty. 1 : Horn of Valhalla - $35.00
Qty. 1 : Horseshoes of a Zephyr - $35.00
Qty. 1 : Helm of Brilliance - $35.00
Qty. 1 : Nolzur's Marvelous Pigments - $35.00
Qty. 1 : Belt of Giant Strength - $35.00

Adventurer's Guild Buttons (e.g. bag check access)
Qty. 4 : Horn of Valhalla - $10.00

Alchemist's Ink
Qty. 7 : Efreeti Bottle - $2.91
Qty. 10 : Eye and Hand of Vecna - $2.91
Qty. 15 : Horn of Valhalla - $2.91
Qty. 8 : Figurine of Wondrous Power - $2.91

Alchemist's Parchment
Qty. 6 : Efreeti Bottle - $3.77
Qty. 10 : Eye and Hand of Vecna - $3.77
Qty. 20 : Horseshoes of a Zephyr - $3.77
Qty. 19 : Talisman of the Sphere - $3.77

Aragonite
Qty. 1 : Eye and Hand of Vecna - $25.00
Qty. 11 : Talisman of Pure Good - $25.00

Darkwood Plank
Qty. 20 : Eye and Hand of Vecna - $0.80
Qty. 40 : Figurine of Wondrous Power - $0.80
Qty. 60 : Talisman of the Sphere - $0.80
Qty. 15 : Figurine of Wondrous Power - $0.80

Dwarven Steel
Qty. 12 : Eye and Hand of Vecna - $3.10
Qty. 10 : Apparatus of Kwalish - $3.10
Qty. 5 : Iron Flask - $3.10
Qty. 30 : Carpet of Flying - $3.10
Qty. 8 : Talisman of the Sphere - $3.10

Elven Bismuth
Qty. 1 : Eye and Hand of Vecna - $10.01
Qty. 13 : Figurine of Wondrous Power - $10.01

Enchanter's Munition
Qty. 20 : Talisman of the Sphere - $1.55

Hitchhiking Ghost: Shog
Qty. 4 : Apparatus of Kwalish - $10.01

Lenses of the Owl
Qty. 8 : Carpet of Flying - $0.50

Minotaur Hide
Qty. 10 : Horn of Valhalla - $2.50
Qty. 15 : Carpet of Flying - $2.50
Qty. 20 : Talisman of the Sphere - $2.50

Mystic Silk
Qty. 25 : Eye and Hand of Vecna - $1.00
Qty. 10 : Horn of Valhalla - $1.00
Qty. 25 : Talisman of the Sphere - $1.00
Qty. 20 : Figurine of Wondrous Power - $1.00
Qty. 20 : Figurine of Wondrous Power - $1.00

Oil of Enchantment
Qty. 1 : Eye and Hand of Vecna - $12.01
Qty. 3 : Apparatus of Kwalish - $12.01
Qty. 2 : Iron Flask - $12.01
Qty. 6 : Figurine of Wondrous Power - $12.01

Orb of Dragonkind (Old)
Qty. 1 : Robe of Scintillating Colors - $440.00

Patron Pin and Corresponding Origins Registration Code
Qty. 1 : Sovereign Glue - $92.00

Philosopher's Stone
Qty. 15 : Carpet of Flying - $1.50
Qty. 12 : Eye and Hand of Vecna - $1.50
Qty. 63 : Ioun Stone - $1.50

Potion Condensed Healing
Qty. 17 : Sovereign Glue - $1.25

Wish Ring
Qty. 1 : Efreeti Bottle - $205.00


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

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.

PM sent

Auction No. 7 complete - I'll be notifying the winners shortly.

If you missed out, check out the Auction No. 8:

truedungeon.com/forum?view=topic&catid=584&id=250702

I was ioun stone! hoorays!

I was Efreeti Bottle

I was Helm of Brilliance.

As promised, here are the Auction No. 7 Bids:

docs.google.com/spreadsheets/d/1P3xCivX1I87nE9LNX7pLojDDH2L2TiNZye3KMcaGdko/edit#gid=1371468667

Cloak of Arachnidia

Apparatus of Kwalish

Carpet of flying.

Figurine of wondrous power