Now's the time to bid $80 if you want to lower the peak.
https://www.logos.com/product/49012/works-of-the-early-english-reformers
Would love to have this but I'm only in at $40.
I don't normally advise bidding below the current peak in the price chart, but this is so close that it's probably worth the effort to lower the peak.
In your case bidding $40 is probably the way to go if that's all it's worth to you. That's the way the system is designed to work.
What gets me is those who constantly bid well below the peak with the mistaken idea that somehow that will lower the price, kind of like going to an auction and then bidding below the last bid hoping that somehow they'll get the object. Theoretically here, if you could get enough people in at the lower price, yes it would work, but practically in most cases it's no more than a waste of time and effort and just means they will miss out unless they raise their bid in the end anyway so what's the point.
I must be seeing the wrong chart. It appears that the subject resource is not even at 20% of production costs ... the biding line is nearly flat. What peak are you trying to lower?
I understand your frustration with low bids and your explanation. This set has a regular price of $500.
Thanks for highlighting this, Alex. It looks to be a really interesting collection. Bid duly placed.
What gets me is those who constantly bid well below the peak with the mistaken idea that somehow that will lower the price, kind of like going to an auction and then bidding below the last bid hoping that somehow they'll get the object.
True, but if it's not worth the peak price, I'm not going to bid it just to push it over. However, sometimes, if I'm undecided, I'll bid a low value so I can be alerted when it does meet the level required for production.
... the biding line is nearly flat.
Exactly...which is why now is the time to try to adjust the peak. There's no point waiting until the next lower price is 20-30% below the peak. Most people, especially near the end tend to bid at the peak price. Granted, the peak often gets lowered once the item crosses the 100% line but then you're down to a few days at most to get the price down.
You don't want to get the price too low though or it might never get into production so you have to use some judgment here.
An alternative of course is to raise the price to $100 which will theoretically get it into production faster but that can backfire if the higher price deters some from bidding at all.
I'm in at $40 , this is not even at 20% PC so it needs a lot more people interested.
This what I am also looking at.. "I'll bid a low value so I can be alerted when it does meet the level required for production."
I'm in at $60. I figure ~$2/vol is about right.
Low bids don't necessarily mean someone is trying to game the system. For me, at least, there are a lot of CP resources that go up that look interesting, and that I might have a use for sometime in the future. I also have limited resources. If the price is low enough, it makes sense to go ahead and get them. But let's say I end up really needing only one out of every five that I'm "interested" in. If the CP bidding ends up producing a discount of 50% off the regular price, I'd be better off simply waiting and buying the relatively few that I end up really needing at full price.
In other words, the value to me is the price I'd be willing to pay if and when I have a use for the book, times the probability that I'll need it. For a lot of books on CP, it's the latter that drives the value down. I suspect that's true for a lot of folks.
I've bid $60 from the beginning.
We need to push this awesome collection that's published by Cambridge University Press into production, It's 37 volumes and over 18,000 pages of material. Also included is an 810 page massive index of people, places, objects, and topics in the collection.
