LPS auction?

[Myka]

I like the looks of the proposed auction!!!!! I owe a green Torch to someone, so that would be a perfect addition! Of course if I win the auction I will have the add a couple things.

[Leah]

Can you explain how this works it sounds good, but not sure how it works. The bidding for example how does it work? that sounds dumb. If you were to sell these items what
would you charge. It seems to me that you may pay more than what it is worth. I dunno!
Whatis the advantage here?

[justinl]

okay... well then. Ive just changed my mind on the frogspawn because that pic definitely does it for me.

might not be bad to auction it and post the price you would usually retail each piece for? Im sure a lot of people like reference points

[Trigger Man]

I think that is always the risk with auctions, in the end the market as well as impulse makes the bids go up. I think in the end you have to decide beforehand what the top price you are willing to pay is and stick with that. Look at the sps auction right now, the starting bid was $ 100.00 and moved quickly to what is currently $ 325 with a couple of days left to bid. For me when I was putting in bids I figured out what frags normally go for from other sites selling frags, and then took into consideration what it costs to ship the frags here. I know what my top bid will be, and hopefully I don't get to carried away with the idea of bidding and go over my top bid amount.

[wickedfrags]

IME, the advantage is that you have an opportunity to get a pack at a great price if others chose not to bid, or feel the pack is not that expensive.

Also, the frags in the pack are available now - probably when you want them!!! Most places say they can get things, maybe even everything, but it often takes them months, years or maybe they never get it. The frag pack is available now

Originally Posted by Leah

Can you explain how this works it sounds good, but not sure how it works. The bidding for example how does it work? that sounds dumb. If you were to sell these items what
would you charge. It seems to me that you may pay more than what it is worth. I dunno!
Whatis the advantage here?

Have thought about adding the retail price for each, but not sure what real value it will add to the auction. I suspect most people have an idea what the pieces are worth, and what shipping is worth, so it is really a matter of what the individual buyer feels the pieces are worth.

Originally Posted by justinl

okay... well then. Ive just changed my mind on the frogspawn because that pic definitely does it for me.

might not be bad to auction it and post the price you would usually retail each piece for? Im sure a lot of people like reference points

Well I will add a green torch to the frag pack then. I also have another one that is not quite as brilliant, but still very nice.

Originally Posted by Myka

I like the looks of the proposed auction!!!!! I owe a green Torch to someone, so that would be a perfect addition! Of course if I win the auction I will have the add a couple things.

all red frogspawn - I'll be honest in over 10 years in the saltwater hobby I have never seen one for sale, at least in Toronto, and we have alot of aquarium stores. The ones the stores "said were red", well most the time I saw them, they were not red, more a brown/beige....I would love to see one and would love to buy one though!

Originally Posted by karazy

just a suggestion..

maybe for the frogspawn it could be one of those really nice all purple or all red frogspawn

[Myka]

I am so choked, that after I requested an LPS auction that I missed it due to lack of internet access!! I work on the oil rigs, and my Telus Aircard wasn't giving me any internet reception. =[

When will you have another LPS auction?