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Grex > Coop11 > #138: Rules changes for the Fifth Great Grex Auction |  |
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aruba
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Rules changes for the Fifth Great Grex Auction
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Nov 15 04:10 UTC 1999 |
This item is to discuss rules changes for the coming Grex auction, and in
general how the auction should be handled. Enter donations in the previous
item.
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| 28 responses total. |
aruba
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response 1 of 28:
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Nov 15 04:32 UTC 1999 |
Before the board meeting last month I printed out a list of all the items
from the last auction (249 of them!) When sorted by the price they sold
for, I found that 113 items sold for $5 or more, 98 sold for less than $5,
and the rest didn't sell. The total of all items sold and paid for was
$1800.76, and the total for those items which went for less than $5 was
$203.01.
My conclusion is that the items which sold for less than $5 were not worth
the trouble of auctioning them off. So I humbly suggest that we set a $5
minimum on all items, to reduce the auctioneers' work. I think a good
outlet for the smaller items is to have a Grex garage sale, sometime in
the future. (This was Mary Remmers' idea, I believe.)
I'd also like to suggest that donors be encouraged not to drop off items
with the auctioneers, but to hold on to them and deliver them (or arrange
for them to be picked up). Entering item descriptions and delivering
items was a large part of the job of being auctioneer last time around,
and while I didn't always mind, it did take *a lot* of work which would be
better spread around.
Plus, I think one of the best things about the Grex auction is that it
builds connections between people in our community. If you buy something
someone else offers, you just may get to meet someone new, if it's up to
them to deliver it.
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otter
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response 2 of 28:
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Nov 15 06:17 UTC 1999 |
The $5 minimum seems reasonable and is likely to reduce the number of
single books (and other items like that) to a manageable number. It also
brings "grab bags" to mind.
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i
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response 3 of 28:
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Nov 15 12:13 UTC 1999 |
Oops! Looks like i should have put my question about auction cf's and
fw's in this item.
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davel
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response 4 of 28:
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Nov 15 13:00 UTC 1999 |
Heh. Easily done:
> Item #137: Donations for the Fifth Great Grex Auction
> #3 Walter Cramer (i) (Mon, Nov 15, 1999 (07:12)):
> Are the auctioneers interested in starting a new auction conference,
> or re-using one of the old ones? Does swa need to be made a fw in
> the cf. they use?
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mary
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response 5 of 28:
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Nov 15 14:12 UTC 1999 |
I don't think the garage sale idea was mine - but I like it
if a willing volunteer can be found. (Only on Grex does one
need to make a distinction between a volunteer and a willing
volunteer. ;-) ).
I also really like the idea of putting each donor in charge of
his/her own postings and the eventual delivery of the item
to the highest bidder and not to the auctioneer.
Thank you Jeff and Sarah for being willing to run this thing.
And to Aruba, for everything.
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lilmo
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response 6 of 28:
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Nov 15 23:40 UTC 1999 |
I don't know about not auctioning single books -- As far as numbers go, that'
most of what I bought last time.
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aruba
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response 7 of 28:
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Nov 16 02:39 UTC 1999 |
We can still auction single books, but the minimum bid on them will be $5.
(You are correct, though, that a lot of single books were sold - they were
the majority of the 98 items that went for under $5.)
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swa
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response 8 of 28:
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Nov 16 03:08 UTC 1999 |
Well, my argument for making donors in charge of the delivery is that I'm
currently some 1500 miles away from most Grexers, so it might be a bit
impractical for me to act as a liaison between the donor and the buyer...
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tpryan
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response 9 of 28:
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Nov 18 00:35 UTC 1999 |
In addition to a $5 minimum, bids should be in whole dollar
ammounts.
When an items gets to $50 bid, the minimum raise in the bid
should be $5.
If this was a live-action auction, the auctioneer would scold
one who would raise less than a dollar, and would drive raises on
higher items to more reasonable amounts.
You might also consider that the person making the item available
would be making a cash donation from the proceded of the sale of their
item. It could have better tax deduction effect.
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aruba
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response 10 of 28:
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Nov 18 15:14 UTC 1999 |
I'm afraid I didn't quite understand that last paragraph, Tim. The value of
a donated item, according to the IRS, is its "fair market value", which is not
necessarily the same as what it sells for on Grex. The donor has to decide
what it is when filing taxes.
I don't really feel strongly about limiting the amount a bidder can increase
by. I don't think it would make much of a difference. I don't doubt that
a skillful live auctioneer can get more money out of people than a bland one
can. But it seems like unless there's some coersion involved, bids should
end up at the same place no matter what the minimum increase is. But maybe
someone else understands the psychology of the matter better than I do.
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orinoco
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response 11 of 28:
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Nov 18 18:43 UTC 1999 |
Is there any harm done by letting people increase their bids by small amounts?
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krj
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response 12 of 28:
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Nov 18 19:04 UTC 1999 |
I think it's sort of harmless fun. It shouldn't cost the auctioneer
any effort beyond letting his or her eyes roll over the bidding;
and if the item is attracting that sort of attention, we know Grex
is going to get at least $5 minimum bid for it, so it's not like
a complete loss on everyone's time.
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mcnally
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response 13 of 28:
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Nov 18 19:05 UTC 1999 |
I think you'll have things selling for substantially lower prices if
you insist on minimum one dollar bid increments..
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otaking
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response 14 of 28:
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Nov 18 19:43 UTC 1999 |
I agree. How about 25 cent increments?
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tpryan
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response 15 of 28:
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Nov 18 23:40 UTC 1999 |
I hate seeing bids raised by a penny.
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mcnally
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response 16 of 28:
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Nov 19 01:20 UTC 1999 |
You'd make a lousy "The Price is Right" contestant.. ;-)
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don
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response 17 of 28:
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Nov 19 02:05 UTC 1999 |
Actually, The Price is Right only lets you go up by one dollar (although I'm
not bored enough to watch it often, so I'm not 100% authoritative.)
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mcnally
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response 18 of 28:
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Nov 19 03:00 UTC 1999 |
(sadly, I knew that when I posted, but posted anyway..
as I see it it's the spirit of the matter we're talking about here..)
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drew
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response 19 of 28:
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Nov 19 19:01 UTC 1999 |
Re #17:
Which is about the same significant figure as a penny increase for common
grex auction items, more or less.
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drew
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response 20 of 28:
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Nov 19 19:03 UTC 1999 |
But Tim is right. 1 cent bid increases are cheesey.
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aruba
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response 21 of 28:
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Nov 19 20:01 UTC 1999 |
How about if we let donors specify a minimum increase if they want, but leave
the default minimum at $.01? Maybe if we have a mix of the two this time
around, then next time we'll have some data on which way generates more
revenue and which generates more headaches.
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mcnally
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response 22 of 28:
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Nov 19 21:25 UTC 1999 |
Now I'm going to have to figure out something to donate, just so I can
impose the restriction that bid increments must be in prime-valued numbers
of cents.. :-p
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aruba
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response 23 of 28:
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Nov 19 23:27 UTC 1999 |
Absolutely.
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flem
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response 24 of 28:
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Nov 21 05:06 UTC 1999 |
I find myself vaguely disturbed at the idea of rules for an official
grex event. But my objections would all be purely aesthetic and
subjective. :)
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