Need more bids for the Classic Commentary on Philippians

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This post has 67 Replies | 3 Followers

Posts 2492
Ronald Quick | Forum Activity | Replied: Sat, Jan 28 2012 9:47 AM

It looks like $40 is at about 85% which is much better than it was about 12 hours ago.  I think we have a good chance to see it reach $40 by  noon Friday.

Posts 2492
Ronald Quick | Forum Activity | Replied: Sat, Jan 28 2012 9:51 AM

I just lowered my bid to $60 which is the next to cross 100%.  It looks like it is about at 90%.

Since we are on another forum page here is the link.

http://www.logos.com/product/16118/classic-commentaries-and-studies-on-philippians

Posts 388
MJD | Forum Activity | Replied: Sat, Jan 28 2012 9:54 AM

Ronald Quick:

I just lowered my bid to $60 which is the next to cross 100%.  It looks like it is about at 90%.

Since we are on another forum page here is the link.

http://www.logos.com/product/16118/classic-commentaries-and-studies-on-philippians

Why would you lower your bid?  It is like letting air out of a balloon, it needs all the air to stay in it, in order to lower the price further.  If you remove overall dollars more people need to bid.

Posts 13417
Mark Barnes | Forum Activity | Replied: Sat, Jan 28 2012 10:01 AM

Simon:
I'm going for the peak at $40. I think paying more is paying too much.

I'm not willing to pay more than $40 either, but I've just raised my bid to $60. My theory is that if we can get $60 as the displayed price, more people will bid, and hopefully that will drive the price down to $60 or lower. If it does move to $60, I'll reduce my bid to $50, because I'm still not willing to pay that amount.

Posts 645
Dean J | Forum Activity | Replied: Sat, Jan 28 2012 10:02 AM

MJD:

Why would you lower your bid?  It is like letting air out of a balloon, it needs all the air to stay in it, in order to lower the price further.  If you remove overall dollars more people need to bid.

I lowered mine too - as long as it doesn't immediately return to $80, it's fine - it doesn't change anything either way, but it's nice to think we're chasing it down. It also means that there must be lots of new bidders jumping on the $70 since our bidding down isn't sending it back up.

Posts 737
Evan Boardman | Forum Activity | Replied: Sat, Jan 28 2012 10:09 AM

Dean053:
It also means that there must be lots of new bidders jumping on the $70

Or those that had lower bids raised it to to get it to the next mark. Seeing its already at $70 leaving it there would be as helpful as leaving it at $40. $60 is the next mark to hit.

Posts 645
Dean J | Forum Activity | Replied: Sat, Jan 28 2012 10:29 AM

Evan Boardman:

Dean053:
It also means that there must be lots of new bidders jumping on the $70

Or those that had lower bids raised it to to get it to the next mark. Seeing its already at $70 leaving it there would be as helpful as leaving it at $40. $60 is the next mark to hit.

Leaving it wouldn't make any difference since a bid for $70 is by default a bid for anything lower as well - including $60. But that doesn't stop me from chasing it down and lowering my bid. 

Posts 3742
BillS | Forum Activity | Replied: Sat, Jan 28 2012 11:16 AM

Ronald Quick:
$90 seems a little much

Got the notification that it'll close this Friday at $90. I'm content to miss out at $5 / book, unless someone knows of a resource within this collection that warrants a higher price all by itself. 

EDIT: after reading your posts, I think I'm still content to miss out at $70, the current CP price. 

Grace & Peace,
Bill


MSI GF63 8RD, I-7 8850H, 32GB RAM, 1TB SSD, 2TB HDD, NVIDIA GTX 1050Max
iPhone 12 Pro Max 512Gb
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Posts 2836
Forum MVP
Ted Hans | Forum Activity | Replied: Sat, Jan 28 2012 11:19 AM

Mark Barnes:
I'm not willing to pay more than $40 either, but I've just raised my bid to $60. My theory is that if we can get $60 as the displayed price, more people will bid, and hopefully that will drive the price down to $60 or lower. If it does move to $60, I'll reduce my bid to $50, because I'm still not willing to pay that amount.
Yes

Well said! I am following the same approach.

Dell, studio XPS 7100, Ram 8GB, 64 - bit Operating System, AMD Phenom(mt) IIX6 1055T Processor 2.80 GHZ

Posts 737
Evan Boardman | Forum Activity | Replied: Sat, Jan 28 2012 11:25 AM

Ted Hans:

Mark Barnes:
I'm not willing to pay more than $40 either, but I've just raised my bid to $60. My theory is that if we can get $60 as the displayed price, more people will bid, and hopefully that will drive the price down to $60 or lower. If it does move to $60, I'll reduce my bid to $50, because I'm still not willing to pay that amount.
Yes

Well said! I am following the same approach.

Perhaps people are finally getting how this bidding thing works.Big Smile

Posts 13417
Mark Barnes | Forum Activity | Replied: Sat, Jan 28 2012 11:34 AM

Evan Boardman:
Perhaps people are finally getting how this bidding thing works.

If they were, we wouldn't have this problem!

Posts 993
David Carter | Forum Activity | Replied: Sat, Jan 28 2012 11:37 AM

Mark Barnes:

Evan Boardman:
Perhaps people are finally getting how this bidding thing works.

If they were, we wouldn't have this problem!

Indeed! We certainly wouldn't have people bidding $90 for this resource Sad

 

Posts 737
Evan Boardman | Forum Activity | Replied: Sat, Jan 28 2012 11:45 AM

Ahh but look we got it down $20 and the day isn't done yet.

Posts 19252
Rosie Perera | Forum Activity | Replied: Sat, Jan 28 2012 11:48 AM

I just (temporarily) upped my bid from $40 to $60 and saw a visible jump (perhaps 2%) in the bump at $60. If 1 person can make that much difference, that tells me that this set really doesn't require all that many more new bidders at $40 (or raised from lower than $40) to get it over the top there.

EDIT: Here's the math (I think): if 1 person can push the $60 bump up by 2% that means it takes 50 people at $60 to get to 100% so the thing costs about $3000 to produce. So it would take 75 people at $40 to get to 100%. It's currently at about 84% at $40, so we need 16% of 75 more, which is 12 more bidders at $40 (not from among the ones who are currently bidding higher, as those are already included in the bump at $40 -- but among those who have currently bid lower).

Posts 645
Dean J | Forum Activity | Replied: Sat, Jan 28 2012 11:57 AM

I think the only way to get new bidders for $40 is to bring the price down to $60 which will bring a few more bidders, then to $50 etc. The Revelation set has shown that some people simply won't put in a lower bid if they don't think it has a chance of success.

Posts 1374
nicky crane | Forum Activity | Replied: Sat, Jan 28 2012 11:59 AM

Rosie Perera:

I just (temporarily) upped my bid from $40 to $60 and saw a visible jump (perhaps 2%) in the bump at $60. If 1 person can make that much difference, that tells me that this set really doesn't require all that many more new bidders at $40 (or raised from lower than $40) to get it over the top there.

EDIT: Here's the math (I think): if 1 person can push the $60 bump up by 2% that means it takes 50 people at $60 to get to 100% so the thing costs about $3000 to produce. So it would take 75 people at $40 to get to 100%. It's currently at about 84% at $40, so we need 16% of 75 more, which is 12 more bidders at $40 (not from among the ones who are currently bidding higher, as those are already included in the bump at $40 -- but among those who have currently bid lower).

I've temporarily upped to $60, following your example, tho no way am I prepared to pay $60....

 

Posts 1367
JimTowler | Forum Activity | Replied: Sat, Jan 28 2012 12:02 PM

It would be great if we could add a "Review" that could point back here, so we can advise bidders how they can get most of these CPs for 30 or so, if they work as a group.

Logos should not mind too much, if the goal is to get a given set produced in Logos formats.

Posts 1178
David Wilson | Forum Activity | Replied: Sat, Jan 28 2012 12:31 PM

If EVERYONE who has bid $40 would move to $50 it would break through the 100% line at $50 Smile
If that were to happen TODAY, that might just be enough for more bidders to get interested enough that we could all get it for $40 Big Smile.

From the shape of the curve, if EVERYBODY who wanted it bid at $40 it would almost get through there; but we have quite a number of hold outs still back at $30 (otherwise it would be a straight line all the way to $40 and there is still quite a dip in the gradient after $30 Sad

Posts 1142
Juanita | Forum Activity | Replied: Sat, Jan 28 2012 12:44 PM

I'm on board, too.

Posts 190
Paul Chatfield | Forum Activity | Replied: Sat, Jan 28 2012 1:42 PM

I've raised my bid too ... I've no idea what people were doing bidding $90 for it!  Hopefully it'll yet drop to $40.  I wonder if that'd make one of the biggest price drops there would have been on CP?

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