GURC InterVarsity
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The Art of Auctioning
Auctioning is a fine art. You want to get the most out of the
card(s) your selling off, and you want to get the best price
now! Well, it's not as simple as putting something in your
tag and waiting for the offers to roll in. Well, it can be that
simple I guess. But if you want a more effective auction that will
bring your "customers" coming back for more, consider the following
with a grain of salt:
When not to auction...
- If you are looking to get something very specific out of
your auction, chances are that an auction isn't what you're
really trying to do. For example, if you find yourself
stipulating in your auction "Bids must include at least
2 R&D Networks", you may want to switch to advertising a
trade proposition rather than an auction (e.g. "My Hypnotic
Worm for your 2 R&D Networks?") The more specific your
requirements for bids, the more likely it is that you're
really trolling for a trade.
- If you're not willing to devote at least a few days, you
may want to avoid an auction. The more time you spend
advertising your auction, the more likely you are to get
a better bid. The Core is probably the best place to
advertise your auction (through your tag). You want to
give as many different players as possible a chance to see
your auction and consider bidding in it.
Starting an auction...
- Learn the auction lingo - especially the acronyms used in
auctioning. Check out the
Glossary section to learn
about the various terms used in auctions.
- First, you have to decide on what to auction. The choice
may be a simple one - "Well, I won this Venus Fly Trap
from an impromptu tourney the other day. I can't think
of a good deck to use it in, so I just want to auction it
off and see what I can get for it." You can get a good
selling price on the popular Very Rares and Rares almost
any time. Auctioning other cards will be hit-and-miss.
Don't be too disappointed if you don't get any blockbuster
bids on your Essence of Gaia ;-)
- Figure out what you'd like to get out of the auction. You
can always advertise specific cards that you are looking for
without turning them into bid requirements. It helps out
bidders by giving them some idea of what kind of bid would
be more likely to win, and helps you out by increasing the
chance that you'll get something you'll be happy with.
- Consider what offer you might take as a "buyout" on your
auction. Many players will offer you a bid that is easily
worth far more than what you are auctioning as long as you
are willing to end the auction on the spot. A buyout gives
the bidder security against possibly being beat out by
someone else equally as desperate. Just don't expect
bidders to take advantage of a buyout too often.
- Decide on an end date. Nothing is more frustrating than
bidding in a never-ending auction. Telling people that the
auction "ends when I say it ends" is a big turn-off. You
gain a lot of credibility for your auctions if you give a
date the auction will end by, and stick to it.
Even giving a general idea on the length of time is better
than nothing ("It'll probably run for a week.") Giving an
ending date has one more advantage: it may encourage bidders
to take advantage of a buyout, or at least give a higher
bid, if they don't think they'll be around to bid at the
end of the auction.
The Art of running the auction...
- Don't be afraid to accept low bids. If the bid is really
low for the card(s) being auctioned off, you'll get a better
bid given enough time.
- If you're afraid of getting stuck with a low bid in spite
of my previous point, come up with a minimum bid for your
auction. Don't make the minimum bid too high though - you
may have trouble getting anyone to bid. Sometimes it's
better to accept a low bid, just to get the ball rolling.
- Feel free to use a price guide to determine if one bid is
higher than another. Even using price guides as a rough
guide, you can also add in your own subjective values
for cards when it comes to determining whether one bid is
higher than another.
- Advertise the auction in your tag with the card(s) being
auctioned, the current high bid, the person who holds the
high bid, and when it will end. The public tag is one of
the best ways to advertise information in a non-intrusive
way. You can even add other information such as who holds
the current high bid, what kind of cards you are looking
for, or any bid requirements (e.g. "bids must include at
least 1 VR").
- Manually advertise the auction once in a while in the Core's
chat rooms. But don't do it too often (or it can get
annoying, and turn off potential bidders). And be careful
when and where you insert advertisements into chats.
It could be quite disruptive to barrage a chat room set up
for a trivia competition, if the event is going on at the
time.
- Try to get contact information from players who bid -
something like an email address or ICQ UIN. You'll want
to get in touch with the winner to let them know about
their good fortunes - and yours! And it can be quite
frustrating if you spend 3 weeks after finishing an auction
trying to locate the winner.
- After the auction ends, you may want to keep an announcement
in your tag about who won it, and with what bid, at least
for a few days. Those who bid in the auction but didn't
know they were outbid will appreciate knowing that their
cards are now free for other auctions.
The Art of the UC auction...
UC (Uncommon) Auctions are quite different from typical auctions.
In a UC auction, bids are expressed in numbers of UCs.
- First, decide whether you want the UCs to be chosen by you
or by the bidder once the auction is over. This depends
on your needs. If you are looking for a very large number
of even really crappy UCs, you may want to allow the bidder
to choose. This gives bidders encouragement to make higher
bids. If you are looking to complete your set of Uncommons,
and want to avoid the crappier UCs, you may want to make it
so you choose the UCs. You won't get bids that are as high
as when the bidder chooses, but you get to be more picky
with the UCs you come away with.
- Specify a maximum number of duplicates of any UC that can
be picked when the auction is over. If the bidder picks,
allowing a higher number of max dupes will result in higher
bids. If you're picking them as the auctioneer, a lower
number will result in higher bids. You can even advertise
that this number will change at certain levels (e.g.
"HB: 75 UCs (max 3 of any, I pick 'em). Will go to max 2
of any if HB hits 100+ UCs.")
- Give yourself more time with a UC auction than you might
with a regular auction. Sometimes, you'll continue to get
new bids for as long as a week. If things slow down, you
can always end the bid earlier than anticipated.
Some common auction pitfalls...
- Avoid running auctions where it will end "when I say it
ends" or "when I get a bid I like". It's likely to turn
off all but the most generous or desperate bidders. Plus,
it's not very diplomatic to practically say that whatever
current bid isn't good enough to end the auction on, but
you accepted it as a bid anyway.
- Avoid canceling auctions once you've gotten one or more
bids for it. If you haven't taken any bids yet, you can
easily cancel the auction without upsetting anyone.
Canceling auctions too often can drive away your bidders.
Got some tips you think belong here? Email lead researcher
Kosh K95x at kosh @ gurc . net with your suggestions. He reserves
full editorial privilege.
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