If some would drop their bids, we could get this thing down to $40-$50. Let's do it!
http://www.logos.com/product/20465/andrew-murray-collection
If some would drop their bids, we could get this thing down to $40-$50.
That action is unnecessary to lower the final price, and may very well be counter-productive. Every $80 bid is also a $40 bid, and a $50 bid, and even a $10 bid. Dropping the level of your bid from $80 to $40 will not affect the $40 level, but it could very well cause the bidder to miss the opportunity if he forgot to raise this lowered bid before closing.
If we really want to get the price down to $40, those useless bids at $40 need to be raised to $60. That would easily reduce the price to $60 quickly and there's not much difference between the $60 and the $50 level and if $50 were attained it wouldn't take much to get it to $40. I don't understand why it's so hard to understand the concept of CP, but a lot a people still think the best way to get the price down is to bid beneath the going peak price. Like it says on every CP resource, "Click on the highest price you'd pay. If the final price is lower, that's what you'll pay." Raising your bid at the last minute to get the resource is self defeating and you run the risk of missing out entirely.
The $40 line is about 80% - plenty of time for it reach 100%.
The lower the price - the more bidders will be attracted. If everyone raised their bids one level - not only would the price drop, but I believe that more bidders would jump in and the price would drop even lower. I think that this is what we saw a few months ago when the Classic Commentary Collection on Philippians crossed the line at $90.
But after saying all this - bid only what you are willing to pay.
As has already been written, $40-$50 is definitely possible for this collection. Sadly though, it only has a short window until it closes. If you think you might want this collection in the future, it's worth putting your bid in now, as it's price will increase greatly when it leaves Community Pricing at the end of this week.
If you think Logos should leave a longer closing window, so that more people can jump in, meaning more people get the resource, those who get it do so at a lower price and Logos makes around the same amount of profit either way, then add a +1 here: http://community.logos.com/forums/t/45534.aspx
Andrew Murray is so close to $60 and it's touching the line at $50.
New bids @ $50 may allow us to get this to close @ $40 [:D]
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