http://www.logos.com/product/16118/classic-commentaries-and-studies-on-philippians
That would be a fifty dollar drop from what it started out at earlier - and still nearly a week to go!
Noticed price already has dropped from $ 90 to $ 70, with $ 60 needing some more bidders.
With more bids, price could drop to $ 40 (or lower).
Keep Smiling [:)]
i jumped at 40
I'm hopeful it will get to $40, perhaps even lower!
A few more bids and it will be $40. It will defenetly by the Friday be $40 or lower, no doubt. The $40 scale increased unbelievably for a few hours
ok moving up to $40... but I'm not happy about it! ... [:P]
It is possible to skip $50 bar
It is $60. Now [:D]
I'm sad I don't have the monetary resources to bid on these collections. Then again, I probably would get little use out of them anyway. I'm just addicted to gathering biblical resources. Recently I've been trying to limit this addiction to resources I will actually use. [:)]
I was originally in at 30. I have upped my bid to 40 Now; and will stand firm here. I encourage more bids at 40 [:)]
the top of $40 just hit the finish line (looks like victory is when the middle hits the line). At $40 my budget will allow getting it
Not sure how or why I missed this one, but I'm now in for $40.
I'm not sure of this, but I think the line must be completely passed for "victory". The site indicates that a bid of 60 will succeed. So, more bids of 40 can still push the resource price down. I for one will not move my bid from where it is @ 40. I'll just have to risk losing this one.
I'm not sure of this, but I think the line must be completely passed for "victory".
No. The dot only needs to be more than halfway over.
The site indicates that a bid of 60 will succeed. So, more bids of 40 can still push the resource price down. I for one will not move my bid from where it is @ 40. I'll just have to risk losing this one.
Whether your bid is at 40 or 60 makes absolutely no difference to the chances of 40 succeeding. A bid at 60 is also a bid at 40.
I don't understand. Could it be that bc the 40 is touching the 100% line? Would you care to provide a little more detail if this is not the case? Thanks.
Would you care to provide a little more detail?
A bid of 20 = one bid of 10 + one bid of 20.
A bid of 30 = one bid of 10 + one bid of 20 + one bid of 30.
And so on.
A bid of 20 is = one bid of 10 + one bid of 20. A bid of 30 is = one bid of 10 + one bid of 20 + one bid of 30. And so on.
A bid of 20 is = one bid of 10 + one bid of 20.
A bid of 30 is = one bid of 10 + one bid of 20 + one bid of 30.
Wow - there's only one bid keeping it at $60. When I changed my bid from $60 to $50, the $60 mark dropped below the line, and the price went up to $70. It won't need all that many people bidding $40 to get it over the line at that price - we've only got five days, to lock it in at that price.
If you're not sure, please bid at $40. You will be able to cancel your bid at any point whilst the resource is being built, which will take a couple of months at least. If you don't bid, and do end up wanting the resource, you'll be paying a few hundred dollars I would think.
Here's where I did some math on this since I had the same experience of being the one person who could move it up by about 2% at $60.
I estimated the cost of this set to be ~ $3000 (= 100 bids at $30+ or 75 bids at $40+, 150 bids at $20+).
It looks like the bump at $40 is now up to about 95%, which means now only about 4 more bids (5% of 75) are needed at $40 (from among new bidders, or people who have bid less than that moving their bids up) . The bump at $30 is at 75%, so that means about 75 people have bid $30 or more, but of those, only 71 have bid $40 or more. If all 4 of the people who have bid only $30 moved their bids up to $40, this would go over the top.
It looks like the bump at $20 is at about 52%, which is about 78 people bidding $20 or more. So there are 3 additional people who only bid $20 who could raise their bids to $40.
Then again, these folks might not be reading the forums, so we might just need 4 more people who have been sitting on the fence because they thought this set was too expensive.
These are just estimates, but I think I'm pretty close.
I realise everyone is really getting excited to see Philippians drop to $40 or less but let's not forget that there are several other collections, just as large or larger, nearing the line at $40 or less! Corinthians, Ephesians, Ezra/Esther/Nehemiah, etc.
http://www.logos.com/products/search?Status=Community+Pricing&start=&sort=progress&pageSize=15
Tom
I realise everyone is really getting excited to see Philippians drop to $40 or less but let's not forget that there are several other collections, just as large or larger, nearing the line at $40 or less! Corinthians, Ephesians, Ezra/Esther/Nehemiah, etc. http://www.logos.com/products/search?Status=Community+Pricing&start=&sort=progress&pageSize=15
Yes, but there's no hurry for those other ones. They can wait, because they're not over the top yet. Philippians is already over the 100% mark so it's definitely going to go into production and we'll be stuck paying a higher amount for it, unless we drop out, or unless we can get it down to $40 (or less) by Friday. The others will probably go over the top soon enough without a lot of cheerleading. This one happened to go over at $90 which was too high, and look what we've been able to do in one day. We chopped 33% off the price. Let's go for another 33% (off the current price) and get it down to $40. We can do it. We've got 6 days.
It is back to $70 but $40 increased slightly. Below is from Yesterday morning. It looks like the circle is half way on the $70. $40 is doable.
$40 looks good but I think more bidders would be attracted (and hence we would be $40 quicker) if the bid was reduced from $70 to $60 (permanently).
Ask and you shall receive. It's 60 again and 40 is rising!
Yeah I tried to lower my bid to $40 and saw it go back up to $70, so I'll keep it to $60 for now.
It's back to $60. We can't be more than a few bids away from $40.
Here is the link.
I've just moved my bid back to $40, and the price stayed at $60, didn't revert to $70. We may get it down to $40 yet! That would be tremendous!
I've just moved my bid back to $40, and the price stayed at $60, didn't revert to $70.
Ditto![B]
It's great to see so much interest in these classics that we are able to bring the price down so soon from $90 to $40!
At this point, with $40 virtually assured, we ought to be pushing for $30. Maybe we ought to start a new thread...
It's $40 right now, but $30 seems still far away - but then, it seems that since a limited number of bidders brought it from 90 to 40, maybe only some more are needed for the next step.
We will at least see now if there were a lot of people sitting on the fence and not bidding becuase the "price" was too high.
At this stage if people move their bids from $40 to $30 the "price" will flip back UP to $70 [:(],
so hang in there at $40 for a few more days and see if we can get others on board... [:)]
I wonder what would happen if enough people lowered their bids and none of the price points no longer surpassed the 100% mark. Would Logos still produce this resource and at what price. I have seen prices rise and fall during the last few days and this appears to be a possibility (theoretically).
Good bidding everyone to get the price down to $40. I was initially hoping to go only at $30 as I still think this is overpriced but doubt it'll drop that far. I've just started lowering bids on the next classic sets about to go through to see if we can get the next price down.
whoo hoo!!! I can't believe it dropped from 90 all the way to 40!!! Dare to do it to Revelation commentaries?
I've just started lowering bids on the next classic sets about to go through to see if we can get the next price down.
??? Bidding below the breakthrough price won't help. Every bid at or above the breakthrough price already counts as a bid for every point below it. So if you bid $60 you are already in for $50, $40, $30, and so on.
If you lower your bid you increase the chance you won't get the deal when it goes through. You don't help lower the price. Only by people who are below the breakthrough price moving UP their bids or new people bidding will the price go down.
I've just started lowering bids on the next classic sets about to go through to see if we can get the next price down. ??? Bidding below the breakthrough price won't help. Every bid at or above the breakthrough price already counts as a bid for every point below it. So if you bid $60 you are already in for $50, $40, $30, and so on. If you lower your bid you increase the chance you won't get the deal when it goes through. You don't help lower the price. Only by people who are below the breakthrough price moving UP their bids or new people bidding will the price go down.
Mark, you are arguing against the recent reality! a bunch of people (this is the key) lowered their bids and attracted many new buyers (this is another key) at a much better price point. This is counter-intuitive, but nevertheless a reality. Too many people are satisfied to overpay for stuff. Time to take a risk, eh?
I've just started lowering bids on the next classic sets about to go through to see if we can get the next price down. ??? Bidding below the breakthrough price won't help. Every bid at or above the breakthrough price already counts as a bid for every point below it. So if you bid $60 you are already in for $50, $40, $30, and so on. If you lower your bid you increase the chance you won't get the deal when it goes through. You don't help lower the price. Only by people who are below the breakthrough price moving UP their bids or new people bidding will the price go down. Mark, you are arguing against the recent reality! a bunch of people (this is the key) lowered their bids and attracted many new buyers (this is another key) at a much better price point. This is counter-intuitive, but nevertheless a reality. Too many people are satisfied to overpay for stuff. Time to take a risk, eh?
What happened is that some people stuck at 40, but others raised it to the peak price, which in turn, brought the peak price down, which in turn attracted new bidders, which in turn brought the peak down, until it met up with those who had stayed at 40. If all those at 40 had moved to the peak, the peak would have come down to 40 FASTER, which would give us more time for more bidders to be attracted to the lower price, thus increasing the chances of bringing it down to 30.
My take on what worked this weekend is.... There was enough high bids to tip it., then people decided in order to bring the price down they had to get out of their comfort zone and bid a higher price to get it to the next lower price. First $80, then bring it down to $70, then $60 the lower it became the more people jumped on board. But people didnt jump on board till a couple people decided to up their bids, the other saw what was happening and that it was working.
I concur with your analysis. So for people to replicate this for revelation, they'd need to bring this over the top (or nearly) at the current high price and then "drag" it down by bidding just one price point below the standing price - and creating enough momentum for a number of users to follow.
I would guess that the bidding would close at noon Pacific Time on Friday and the resource would go into production, but that no one would get it at the community price and anyone who really wanted it would have to pay the regular released price (which is likely to be similar to the other Classic Commentaries sets already produced, around $199.95) [:O]. While obviously there would be a lot fewer buyers at that price, it would take less than half of those willing to take it through the line at $90 for Logos to break even. (ie: only one in 5, [:|] 20% of those currently bidding $40 or above)
Note that we are only slightly above 100% at $40. There is plenty of time still to snatch defeat from the jaws of victory, by a few individuals lowering their current winning bids to $30;[:-*] then almost assuredly the winning price will shoot back up to where it was originally and the current momentum in getting the price down would be lost. Tread carefully....... [:#]
For me, my original bid was $30. I did raise my bid so that others could get it at a lower price. Then it dawned on me that this would not be fair for Logos due to the fact that I was going to cancel my order if the cost was above $30. Logos would have been planning to collect my money to help cover the cost, and I had no plans on giving them my money.
Therefore, I lowered my bid back to $30 because that is the most that I am willing to pay for this collection.
For me, my original bid was $30. I did raise my bid so that others could get it at a lower price. Then it dawned on me that this would not be fair for Logos due to the fact that I was going to cancel my order if the cost was above $30. Logos would have been planning to collect my money to help cover the cost, and I had no plans on giving them my money. Therefore, I lowered my bid back to $30 because that is the most that I am willing to pay for this collection.
Tom the price isn't fixed till Friday, Logo's knows this. [:)]
If enough more bids for $ 30 or higher are placed by closing time to cover estimated production cost, price would drop to $ 30 for everyone.
Looking at => http://www.logos.com/product/16118/classic-commentaries-and-studies-on-philippians noticed only $ 40 is now above 100 %; not know what happens at closing if not enough bids remain to cover estimated production cost.
Dean's analysis is correct, me thinks, with regard to THIS particular collection. There is a BIG difference, though, between this set and the other Classic collections--which is THIS ONE GOT TRIGGERED...and those others haven't yet. Dean's cheerleading is what got this price down, because bidding higher on this set smoothed out the upper peaks and made the lower peaks seem doable. Others jumped in.
But there is a big issue we all need to consider. Do we want ALL of these sets to trigger all at one time? Higher bids mean that the sets will cross the 100% line sooner rather than later...and once triggered, the "final" price becomes an immediate concern--if it seems too high, panic ensues. Dean coordinated a brilliant save, but if we try to do that with items that HAVEN'T crossed the line, it will only lead to other collections getting triggered at the higher bid price points. Then we're all in the same boat again. The question is, do we want all of these Classic collections to go to print as fast as possible, or a few at a time? If we trigger them all at once, they will all go to press all at once...and all come due all at once. Then we could see hundreds of dollars of these collections go live in a matter of just a few days or a couple of weeks. That could mean that many will have to pass on collections they intended to buy just because so many come out at one time. I we aren't able to pick them up on CP, then they become 4-6 times more expensive. This means our greed for getting them NOW could keep us from getting them at all.
Something to consider.
Triggering them all or even several of them at once is not fair for either us or for Logos. On the Logos side it means more short term work with no longer term sustainability and on our side it puts volumes into publication way faster than we can either afford them or read them. So we need to relax a little and slow down to a pace we can all live with. I have already a huge reading backlog, just enough new volumes getting into the pipeline will keep me interested: too many too fast will get me to recognize the impracticality of reading anywhere near as fast as I could buy if I had unlimited funds. Finding the right balance of price and availability/production is where we need to be. We seem to be gradually getting there... [:)]
I agree with David that this isn't something we should be trying to repeat - when I saw the 90 price, I held out little hope that it would be significantly reduced, and I am still baffled that it could have gotten that high in the first place. The set that concerns me is Revelation, since the higher peak is still growing, though slowly, yet is apparently driving potential lower bidders away. I think Philippians shows that generally speaking, more bidders will bid as the peak lowers (though why it has stopped at 40 and not continued on to 30 I don't know). Presumably there are people out there who would bid for the Revelation set at 70 (for example) who don't have a bid in yet. I would recommend that people raise it higher now, before the higher peak gets any higher, so that there is still plenty of time to get the peak lower before it goes over the top. As for the other sets, I concur - better to let them build up slowly - who can afford sixty-odd sets - even at ten dollars per set it is a major investment - better to keep them coming at a slower, more absorbable rate, and at a better price.
