TOPIC: Discount Lightning Auction 2020 $8k No.8 - Canceled

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

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 $6815, including the value of all items still at their reserve price.
• PyP choices are due at the time of payment.
• If the $6815 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:


$6588.68 of $6815 goal - 96.68% Funded

1000 GP Bar
Qty. 7 : Remove Curse - $12.00
Qty. 5 : Charm Person - $12.00
Qty. 5 : Animate Dead - $12.00
Qty. 26 : Circle of Power - $12.00

2020 3x Treasure Chip
Qty. 10 : Charm Person - $13.00
Qty. 6 : Bigby's Hand - $13.00

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

2020 ONYX C/UC/R Set
Qty. 1 : Lightning Bolt - $106.00

2020 ONYX URs:
ONXY +1 Mighty Shortbow : Charm Person - $95.00
ONXY +2 Flaming Blade : Circle of Power - $99.00
ONXY Arcane Belt : Circle of Power - $99.00
ONXY Arcane Bracelets : Remove Curse - $110.00
ONXY Arcane Earcuff : Remove Curse - $120.00
ONXY Bracers of Reckless Fury : Daylight - $95.00
ONXY Charm of Brooching : Thorn Whip - $115.00
ONXY Charm of Glory : Destructive Wave - $112.00
ONXY Cloak of the Elm : Circle of Power - $105.00
ONXY Cook's Hat : Circle of Power - $95.00
ONXY Ioun Stone Banshee Prism : Circle of Power - $99.00
ONXY Lenses of Agility : Remove Curse - $110.00
ONXY Lucky Light Mail : Animate Dead - $110.00
ONXY Lucky Plate Armor : Invisibility - $95.00
ONXY Lucky Shield : Enhance Ability - $100.01
ONXY Ring of Wonder : Invisibility - $105.00
ONXY Ring of the Drake : Thorn Whip - $110.00
ONXY Semi-Lich Skull : Circle of Power - $98.00
ONXY Shirt of the Oaf : Charm Person - $100.00
ONXY Taborlin's Key : Circle of Power - $95.00

2020 or 2019 UR of Choice
Qty. 4 : Tyr's Missing Hand - $105.01
Qty. 5 : Remove Curse - $105.01
Qty. 7 : Circle of Power - $105.01

6th Tooth of Cavadar
Qty. 1 : Invisibility - $37.00
Qty. 1 : Charm Person - $37.00
Qty. 1 : Barkskin - $37.00
Qty. 5 : Lightning Bolt - $37.00

Adventurer's Guild Buttons (e.g. bag check access)
Qty. 2 : Plane Shift - $2.01
Qty. 2 : Charm Person - $2.01

Alchemist's Parchment
Qty. 10 : Charm Person - $4.01
Qty. 20 : Glyph of Warding - $4.01
Qty. 25 : Circle of Power - $4.01

Darkwood Plank
Qty. 50 : Circle of Power - $0.75
Qty. 85 : Unseen Servant - $0.75

Dwarven Steel
Qty. 25 : Daylight - $3.00
Qty. 10 : Remove Curse - $3.00

Elven Bismuth
Qty. 12 : Charm Person - $12.00
Qty. 2 : Glyph of Warding - $12.00

Enchanter's Munition
Qty. 5 : Glyph of Warding - $1.51
Qty. 10 : Charm Person - $1.51
Qty. 5 : Circle of Power - $1.51

Hitchhiking Ghost: Shog
Qty. 4 : Plane Shift - $10.00

Lenses of the Owl
Qty. 1 : Daylight - $0.59
Qty. 2 : Charm Person - $0.59
Qty. 5 : Circle of Power - $0.59

Minotaur Hide
Qty. 10 : Glyph of Warding - $1.60
Qty. 10 : Daylight - $1.60
Qty. 20 : Remove Curse - $1.60
Qty. 5 : Circle of Power - $1.60

Mystic Silk
Qty. 20 : Daylight - $1.00
Qty. 40 : Circle of Power - $1.00
Qty. 40 : Heat Metal - $1.00

Orb of Dragonkind (Old)
Qty. 1 : Unseen Servant - $375.00

Patron Pin and Corresponding Origins Registration Code
Qty. 1 : Circle of Power - $91.00

Philosopher's Stone
Qty. 30 : Daylight - $1.00
Qty. 25 : Circle of Power - $1.00
Qty. 25 : Charm Person - $1.00
Qty. 10 : Heat Metal - $1.00

Potion Condensed Healing
Qty. 17 : Animate Dead - $1.75

Wish Ring
Qty. 1 : Daylight - $200.00


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.

Since we're getting very close to the deadline of the bonus Treasure Tokens within the order, I've held back some of the trade goods and reduced the goal by the median sale price of those goods.

So the goal for this auction is $6,815.

I hope this will accelerate the time to complete the auction.

I will have to cancel this auction if it does not fund by December 7th so I have time to place the order before the cutoff on the 13th.

Matthew Hayward wrote: Since we're getting very close to the deadline of the bonus Treasure Tokens within the order, I've held back some of the trade goods and reduced the goal by the median sale price of those goods.

So the goal for this auction is $6,815.

I hope this will accelerate the time to complete the auction.

I will have to cancel this auction if it does not fund by December 7th so I have time to place the order before the cutoff on the 13th.

Matthew, is there a time today that you'll cancel the auction if it doesn't completely fund?

Mike Steele wrote:

Matthew Hayward wrote: Since we're getting very close to the deadline of the bonus Treasure Tokens within the order, I've held back some of the trade goods and reduced the goal by the median sale price of those goods.

So the goal for this auction is $6,815.

I hope this will accelerate the time to complete the auction.

I will have to cancel this auction if it does not fund by December 7th so I have time to place the order before the cutoff on the 13th.

Matthew, is there a time today that you'll cancel the auction if it doesn't completely fund?

I'll take bids till midnight Pacific, thanks for asking!

NOTE: If this auction doesn't fund by December 7th I will need to close it early as I need time to collect payment and place the order before the 3x Treasure Chips early order reward is still available.

Updated winning bids for:

2020 ONYX C/UC/R Set
2020 ONYX UR +2 Flaming Blade
2020 ONYX UR Cook's Hat
Dwarven Steel
Elven Bismuth
Patron Pin and Corresponding Origins Registration Code
Potion Condensed Healing
Wish Ring


97% Funded

Plenty of deals left based on current bids of:
9 ONYX URs under $100

So... cancelled?

Yes is this dead or not,
Some of us really need some of the new stuff
And need to know.
If we need to find it elsewhere.

Unfortunately Auction No. 8 did not meet its funding goal by the deadline of midnight December 7th.

Because this auction includes 2020 treasure chips, which are only available as part of the 8k order during a limited preorder period, I am canceling this auction.

This is because here is no longer time to reach the goal, collect funds, and place the order before the deadline for 2020 treasure chips.

Thank you for your bids, I'm sorry this auction didn't succeed (if it were super close to the goal I would have gone ahead anyway, but it's over $200 away from the goal).

I will likely start up another auction post PAX South.