Coral Penny Auction win

Discussion in 'Coral' started by 2in10, Dec 22, 2010.

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  1. 2in10

    2in10 Super Moderator Staff Member

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    Blastomussa

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    The auction price was $.32 and it took 10 bids for a total price of $6.32.
     
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  3. element

    element Fire Worm

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    I don't understand the pay for bids thing. I don't get it. Great price though.
     
  4. 2in10

    2in10 Super Moderator Staff Member

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    You are basically buying the right to place one bid. You need to look at their forum page and last thread to get their explanation. It might help.

    You can get some real good prices.
     
  5. sostoudt

    sostoudt Giant Squid

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    its so they make money lol
     
  6. sostoudt

    sostoudt Giant Squid

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    2in10 we might get into a bidding war on the purple death palys. I'm considering getting them.
     
  7. 2in10

    2in10 Super Moderator Staff Member

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    Nope, I already have some. Good luck.
     
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  9. element

    element Fire Worm

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    I know that, Why not just take a % like EVERY other auction in the world. Can you bid once at a crazy high price and it adjusts you max like another auction site, or do you have to buy a bid for every increment?
     
  10. sostoudt

    sostoudt Giant Squid

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    there system would let one person get a item at a very reduced price(if they play it smart). The others either take a hit or buy the item later. If people bid alot they most likely will buy it.

    It's actually a good business model if they get sufficient people on the site. It's harder for bidders to adapt to then ebay style where everyone places there max bid at the last second not giving others time to up theirs.

    My only qualm is that the bid price is a bit to high to get it to take off, When they have alot of people 5 to 10 cents would be a better price. So people are very likely to drop a couple bids on items they kind of want and take a chance.
     
  11. 2in10

    2in10 Super Moderator Staff Member

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    I agree with this statement completely.
     
  12. swinkreptiles

    swinkreptiles Melanarus Wrasse

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    Since we started this and they are a contributor to 3reef might as well keep it goin on who wins! lol Got these gorgeous things for 18 cents! 16+ polyps!
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