Global-2, Bidding VW's Dual Bid Auctions Explained

[VanderWolfe]

I was asked earlier today by True_Man to explain the dual bid policy I use when Auctioning off Loot spots or other auctioned items that have 2 winners. So when I tried to explain it to him, he seemed more inclined to debate me.. love a good discussion like the next guy, but was impossible to spend the time to discuss with him while trying to run 20 guys thru the auction gambit..

But he did make a good point, so i'll explain how to bid (and Win!) on my auctions.

First, a dialogue on a single auction. This will help illustrate the process I use for for matching bids later, so please bear with me.

Ok.. lets say joey234 offers 10k fish depot for auction as he has done in the past.

Bidders start around 20 ussually for this sort, and it moves its way up the scale and end with a high bid of 85. If two people bid this 85g, i will take the first bidder on my screen at 85 as the high bidder. I will announce who the HB belongs to, and if the other 85 bidder does not up the bid, then the auction is sold. Pretty standard stuff.

Now, for a dialogue on a two winner auction

Example: Celedron shows up, with his ever famous BK 2 LS FF, Min - 1400 (two winners for the Black Knights Adventure, 2 loot spots, Fast Finish, minimum starting bid of 1400).

Generally 2-3 bidders will start at 1400, where it will quickly rise into the 1500-1600 range. This is where the matching bids generally comes into play. SO here is a little role play, fo all to follow.


Bidder1: 1400
Bidder2: 1450
Bidder3: 1500
Bidder2: 1500
Vanderwolfe: 1500/1500 HB

Ok.. stopping here, becuase now, i have a matching high bid. If there are no further bets, the auction will close. Generally it goes up my 10 25 or 50g at this stage per bidder. And matches occur quite often. Now lets us continue.

Bidder4: 1600
Bidder3: 1550
Bidder1: 1625
Bidder2: 1600
Vanderwolfe: 1625/1600 HB (Bidder1/Bidder4)

Ok... i will stop here.. cuz for whatever reason, a second bid of 1600 came in. Beit lag or what not, in this case, the bidder2's bid of 1600 is disregarded. and I will announce the high bids. in this case, the first 1600 bid from Bidder4.

So, lets say it continues.. and a new bidder enters the scene.

Bidder5: 1625
VanderWolfe: 1625/1625 new HB (Bidder1/Bidder5)
Bidder4: 1650

Ok.. stopping again.. here, what has happened is the two matching bids of 1625 exist, but only 1 of them can win the loot spot. In this case, I favor the first bidder, just like if it were a single item auction, which was noted above, and thus the new high bids will be announce. The onus to bid and be the high bidder first, in this case benefits that bidder in the event a new high bid comes out. This is why I tell people always bid +5... it will maybe win you a spot!

Vanderwolfe: 1650/1625 (Bidder 4/Bidder1)
Bidder1: 1700


Now, alot of you might be panicing here , saying he cant raise his own bid!.. I allow this, as it has changed the entire dynamic that a new bid can be received. If it was not allowed, then a new bidder could bump you out of your precious slot by a simple +5 bid.. but by allowing you to up your bid, you've made that new entry point 55gold higher now.. This serves to preserve a potential winning bid, and is of course in benefit of the seller.

So.. continuing on.. no new bids are received..

Vanderwolfe: 1700/1650 HB (Bidder1,Bidder4)
.... 10-15 seconds past
Vanderwolfe: Going once
Vanderwolfe: Twice
Vanderwolfe:Sold
Vanderwolfe: Next up Seller2


This Celedorn at this point will message the two winning bidders and the will proceed to wrap up the loot spots. I however, will announce the next new bidder. Often times tips are sent for sorting thru all the bids by the sellers.

And if you've never be apart of these auctions, these dual auction bids can be very exciting and fast paced! Swing by sometime!


Hope this serves to explain how the bidding works in dual bidding auctions. Good luck on your bids, and my your gold be piled high, and your loot fat!


~VanderWolfe

[True_man]

Thank you Vanderwolf.
You did manage to explain all of your auctioning procedures. My only point was when the auctioneer includes the high bidders, (a must imo), then the potential bidders are aware that their bid was bumped from your way of deciding high bidder.

'VanderWolfe: 1625/1625 new HB (Bidder1/Bidder5)
Bidder4: 1650

Ok.. stopping again.. here, what has happened is the two matching bids of 1625 exist, but only 1 of them can win the loot spot. In this case, I favor the first bidder, just like if it were a single item auction, which was noted above, and thus the new high bids will be announce.'

Here, imo, this is where the first high bidder should get bumped, as the spots they are bidding on must be different to come out with the post ''VanderWolfe: 1625/1625 new HB (Bidder1/Bidder5)'. The natural, logical choice, would dictate that.

[VanderWolfe]

Here, imo, this is where the first high bidder should get bumped, as the spots they are bidding on must be different to come out with the post ''VanderWolfe: 1625/1625 new HB (Bidder1/Bidder5)'. The natural, logical choice, would dictate that.

See, this is where we differ.. I believe the first one to put their neck out and be the high bidder has claimed that spot. If someone matches, they match with the knowledge that they could be bumped. I encourage them instead to bid +5 to ensure their spot. Crazy to loose a spot over 5g when your bidding 1500+ right?

Anyhow, sometimes guildies etc want to have the same bid, so i allow it... as well as sometimes matching bets do win. Fair to both pay the same amount? right?

Anyhow, thanks for the dialogue True_man! I appreciate it!

[AetiusWMD]

I see all this bidding as a "savant" way to scam people ... no pun intended, but the game should not be so complicated as some want to make it so they can trick others. IMO, BB should ban such auctions, we have the market and the direct trades between two players. Is all you need.

[VanderWolfe]

You have a rather poor opinion of society AetiusWMD.. Especially of our community. Not to say we are free of such a burden, but we do police ourselves with vigilience. The amount of gold that goes through this channel, in transactions between respected folks.. And the system that BB has in place really does limit any damage potential such a bad apple could do...

Any to have this "unnamed bad apple" name posted inthe bad trade/bad scammer forum, they would likely never see a decent guild, or have the chance to participate in the trading/auction community again.. and to be cut off from the access of goods that flow through there, would stiffle anyone to loose that access. And that forum, we post pic's and evidence, so there is no "they are lying..."

Anyhow.. any "savant" would clearly see this and not mess with it.. the fools who might try.. well lets just say they stick out like sore thumbs.