Justinian on Community Pricing: Need more $25 bids !!

David Wilson · January 2014

Lets see if we can get this down from $60 to $25......... Smile

It looks possible if we can get those who have NOT yet placed a bid to stop focussing on the high $60 price point....

https://www.logos.com/product/34074/life-and-works-of-justinian-the-great

Keep Smiling 4 Jesus :) · January 2014

David J. Wilson said:

Lets see if we can get this down from $60 to $25.........

Every $ 60 bid is also a bid for lower amounts. Noticed $ 50 bids is nearing enough to cover 100 % of projected resource cost.

Keep Smiling [:)]

Simon’s Brother · January 2014

David J. Wilson said:

Lets see if we can get this down from $60 to $25.........

It looks possible if we can get those who have NOT yet placed a bid to stop focussing on the high $60 price point....

https://www.logos.com/product/34074/life-and-works-of-justinian-the-great

if you bid $60 you increase the chance of every price point below $60 of being a possibility and will get the resource at the lowest price that covers production costs. Bid at only $25 and you will miss out unless it numbers reach critical mass for that price. If everyone who has bid $25 only actually bid $60 the final price would end up being a lot less than what it will be if they keep there bids at $25 - and the will pay a lot more than $60 if they want to purchase it in the future.

David Paul · January 2014

https://community.logos.com/discussion/comment/563833#Comment_563833

$60 is absurd. I'll stick with my $25 bid and happily spend it elsewhere. I wouldn't spend $60 for a 1000 books on Justinian...what a ridiculous price point. [8-)]

David Wilson · January 2014

https://community.logos.com/discussion/comment/563853#Comment_563853

My point exactly: there are probably enough people out there who think $60 and even $50 is absurd and have so far not placed a bid at all.

If that assumption is correct and enough of those who have not yet bid climb in at $25, it will indeed close for $25 or less.....

Simon’s Brother · January 2014

https://community.logos.com/discussion/comment/563862#Comment_563862

David J. Wilson said:

My point exactly: there are probably enough people out there who think $60 and even $50 is absurd and have so far not placed a bid at all.

If that assumption is correct and enough of those who have not yet bid climb in at $25, it will indeed close for $25 or less.....

the point is that if everyone moved there bid to $60 you wouldn't actually pay $60 but much less - this is already being seen with the current price now $50, bid higher and the price will drop. Bid low and it has now room to move.