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TOPIC: Discount Lightning Auction 2020 $8k No.4 - Success / Closed

Discount Lightning Auction 2020 $8k No.4 - Success / Closed 1 month 3 weeks ago #1

Welcome to my Discount Lightning $8k Order Auction No. 4.

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.

Current Bids:


Goal Hit!

1000 GP Bar
Qty. 43 : Elk - $15.00

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

2020 Complete Set of 3 Adventure Modules
Qty. 1 : Vine Blight - $10.00
Qty. 1 : Water Weird - $10.00
Qty. 6 : RESERVE - $10.00

2020 ONYX C/UC/R Set
Qty. 1 : Lion - $105.00

2020 ONYX URs:
ONXY +1 Mighty Shortbow : Tiger - $95.00
ONXY +2 Flaming Blade : Chain Devil - $99.00
ONXY Arcane Belt : Zolla - $105.00
ONXY Arcane Bracelets : Zolla - $105.00
ONXY Arcane Earcuff : Death Slaad - $110.00
ONXY Bracers of Reckless Fury : Death Slaad - $99.00
ONXY Charm of Brooching : Darkmantle - $116.00
ONXY Charm of Glory : Darkmantle - $125.00
ONXY Cloak of the Elm : Banshee - $105.00
ONXY Cook's Hat : Banshee - $99.00
ONXY Ioun Stone Banshee Prism : Death Slaad - $104.00
ONXY Lenses of Agility : Banshee - $95.00
ONXY Lucky Light Mail : Chain Devil - $95.00
ONXY Lucky Plate Armor : Bandit - $65.00
ONXY Lucky Shield : Bandit - $95.00
ONXY Ring of Wonder : Darkmantle - $125.00
ONXY Ring of the Drake : Death Slaad - $110.00
ONXY Semi-Lich Skull : Adult Black Dragon - $120.00
ONXY Shirt of the Oaf : Adult Black Dragon - $111.00
ONXY Taborlin's Key : Lion - $96.00

2020 or 2019 UR of Choice
Qty. 5 : Banshee - $102.00
Qty. 2 : Zolla - $102.00
Qty. 4 : Darkmantle - $102.00
Qty. 2 : Umber Hulk - $102.00
Qty. 3 : Lion - $102.00

6th Tooth of Cavadar
Qty. 2 : Young Blue Dragon - $45.00
Qty. 2 : Darkmantle - $45.00
Qty. 1 : Banshee - $45.00
Qty. 1 : Half-Ogre - $45.00
Qty. 1 : Vine Blight - $45.00
Qty. 1 : Tiger - $45.00

Adventurer's Guild Buttons (e.g. bag check access)
Qty. 1 : Banshee - $7.00
Qty. 2 : Half-Ogre - $7.00
Qty. 1 : Death Slaad - $7.00

Alchemist's Ink
Qty. 4 : Acolyte - $3.26
Qty. 11 : Scarecrow - $3.26
Qty. 4 : Tiger - $3.26
Qty. 15 : Peryton - $3.26

Alchemist's Parchment
Qty. 55 : Elk - $5.00

Aragonite
Qty. 12 : Elk - $26.00

Avernon's +3 Cherry Wine
Qty. 32 : Elk - $1.00

Darkwood Plank
Qty. 10 : Acolyte - $1.61
Qty. 125 : Elk - $1.61

Dwarven Steel
Qty. 65 : Elk - $3.01

Elven Bismuth
Qty. 14 : Elk - $12.00

Enchanter's Munition
Qty. 2 : Peryton - $2.11
Qty. 3 : Tiger - $2.11
Qty. 15 : Elk - $2.11

Hitchhiking Ghost: Shog
Qty. 2 : Fire Snake - $19.00
Qty. 2 : RESERVE - $19.00

Lenses of the Owl
Qty. 8 : Elk - $0.50

Minotaur Hide
Qty. 30 : Cat - $1.75
Qty. 15 : Death Slaad - $1.75

Mystic Silk
Qty. 100 : Elk - $2.00

Oil of Enchantment
Qty. 12 : Elk - $15.00

Orb of Dragonkind (Old)
Qty. 1 : Tiger - $525.00

Patron Pin and Corresponding Origins Registration Code
Qty. 1 : Vine Blight - $100.00

Philosopher's Stone
Qty. 90 : Elk - $3.00

Potion Condensed Healing
Qty. 17 : Water Weird - $1.27

Wish Ring
Qty. 1 : Cat - $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.4 - 86% 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:
  • Declare the auction successful / funded at less than the $7,500 threshold treating all bids as final.
  • 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.4 - 86% Funded 1 month 3 weeks ago #3

Let's try something new - for this auction I'm going for the ONYX complete set so you can get some ONYX URs if you want them.

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Discount Lightning Auction 2020 $8k No.4 - 88% Funded 1 month 3 weeks ago #4

Matthew Hayward wrote: Auction on hold until TD settles what the effects of:

Bracers of Reckless Fury
Ring of the Drake
Ioun Stone Banshee Prism

Are.

I'll start processing bids again once we get rulings / clarifications.


OK - I'm processing bids again.

Please be aware that the final effects of those three tokens may change if you're bidding on them.

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Discount Lightning Auction 2020 $8k No.4 - 93% Funded 1 month 3 weeks ago #5

Pm sent
i think I'm some sort of wizard

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Discount Lightning Auction 2020 $8k No.4 - Success / Closed 1 month 2 weeks ago #6

Goal hit!

I'll be sending notices to bidders shortly.

If you missed out on something, check out Auction No. 5 here:

truedungeon.com/forum?view=topic&catid=584&id=250572

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Discount Lightning Auction 2020 $8k No.4 - Success / Closed 1 month 2 weeks ago #7

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Discount Lightning Auction 2020 $8k No.4 - Success / Closed 1 month 2 weeks ago #8

I was bandit. The bidding bandit, as it were.

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Discount Lightning Auction 2020 $8k No.4 - Success / Closed 1 month 2 weeks ago #9

Vine blight here.

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Discount Lightning Auction 2020 $8k No.4 - Success / Closed 1 month 2 weeks ago #10

My pseudonym is Lion

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Discount Lightning Auction 2020 $8k No.4 - Success / Closed 1 month 2 weeks ago #11

I was Chain Devil. Coincidentally, also my wife's pet name for me.

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Discount Lightning Auction 2020 $8k No.4 - Success / Closed 1 month 2 weeks ago #12

I was Peryton.
When a Falcon's Strike breaks the body
of its prey, it is because of timing.
Sun Tzu
Art of War 500 B.C.

D&D, been playing 35 years
GenCon, been going 23 years Straight
True Dungeon, been playing 16 years Straight and all 4 events last year.

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