Help drive this CP down! (Galatians upgrade CC series)

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Bruce Dunning | Forum Activity | Replied: Fri, Mar 7 2014 10:54 AM

It's now officially over 100% again at $48 but $40 is very close. There is still a bit more time to place your bids!

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Todd Frusti | Forum Activity | Replied: Fri, Mar 7 2014 11:31 AM

Bruce Dunning:
$40 is very close

$40 is very close, indeed.  I just put in a bid at $40.

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fgh | Forum Activity | Replied: Fri, Mar 7 2014 11:49 AM

And The Great Catechism of the Holy Catholic, Apostolic, and Orthodox Church is almost certainly one single bid away from $3. Anyone who can spare a bid before they close it? (Hurry, the clock is ticking!)

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Bruce Dunning | Forum Activity | Replied: Fri, Mar 7 2014 12:08 PM

fgh:

And The Great Catechism of the Holy Catholic, Apostolic, and Orthodox Church is almost certainly one single bid away from $3. Anyone who can spare a bid before they close it? (Hurry, the clock is ticking!)

It looks like your last-minute plea worked. It squeaked over at $3.

I don't think we were that many bids away from $40 for Galatians. I hope the trend in CC is not to follow the example of this Galatians upgrade.

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Mark | Forum Activity | Replied: Fri, Mar 7 2014 12:12 PM

I agree. Galatians would have been lower if some of the bidders who originally bid at $80 had never done so.  Once momentum builds, and bidders understand the process, the price often goes down.  If a push was not made in these past few days to drive the bidding down, Galatians would have closed at $80.  Hopefully more understand now the process.

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Ryan | Forum Activity | Replied: Fri, Mar 7 2014 1:19 PM

I bid $40 and just received my email that my bid was unsuccessful as it closed at $48. I can now buy it at $125. Sad 

Soooooo close

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Todd Frusti | Forum Activity | Replied: Fri, Mar 7 2014 1:33 PM

Ryan B:
I bid $40 and just received my email that my bid was unsuccessful as it closed at $48. I can now buy it at $125. Sad 

Ditto.  I share your pain.

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David P. Moore | Forum Activity | Replied: Fri, Mar 7 2014 1:43 PM

Same here. Forgot to change it from $40 to $48 before time was up. Lost many an Ebay auction by forgetting to check back in. Oh well.

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Evan Boardman | Forum Activity | Replied: Fri, Mar 7 2014 2:10 PM

Bruce Dunning:
I hope the trend in CC is not to follow the example of this Galatians upgrade

Have you checked the Romans upgrade? The last I looked it was in the $90's.

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Bruce Dunning | Forum Activity | Replied: Fri, Mar 7 2014 2:20 PM

Evan Boardman:

Bruce Dunning:
I hope the trend in CC is not to follow the example of this Galatians upgrade

Have you checked the Romans upgrade? The last I looked it was in the $90's.

No, I had not checked it recently. It is actually at $96 (see below). Now it is 32 volumes but still it is way too high in my opinion.

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DIsciple II | Forum Activity | Replied: Fri, Mar 7 2014 2:40 PM

Exactly why I refused to lower my bid to $40.  Doing so was to big a risk of it ending up in "tears" as it has for some of you.  I simply don't have the time to watch the clock and play that sort of game.  Sorry to hear some of you missed out.  Would have been nice for it to go off at a lower price but $48 it is and I can live with that.  Thanks everyone for your efforts in getting this down from $80 to $48.  Still a good outcome IMHO. 

David P. Moore:

Same here. Forgot to change it from $40 to $48 before time was up. Lost many an Ebay auction by forgetting to check back in. Oh well.

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David Wilson | Forum Activity | Replied: Fri, Mar 7 2014 3:12 PM

We still have the opportunity to get the Romans upgrade down to a more rational price: in my opinion, looking through the various authors and their backgrounds and the scope they seem to have put into their comentaries, this set is "worth" (to me) about $48 rather than the current peak at $96.

The problem is not the people who have a bid in at $96: the problem is the lack of bidding at what you think its worth by more bidders (ie: those who think it is worth less than $96 just not placeing a bid).  If you have not get placed a bid then I would suggest you place a bid now at $48 so that we change the peak before it gets a closing date.

It is more than possible to get this down to $48 as the current $96 peak is showing only 50% of the amount needed to fund production, yet the $48 price point is showing a relatively healthy 40%.   Lowering existing bids below the current peak helps no one except those who want to delay it going into production.  Lowering bids after it has been assigned a closing date is not going to push it back and get Logos to pull the closing date. That seems to be happening only when Logos manually pull the closing date because they re-value the cost of production at "the last minute" (which has happened in a few case). The rest of the process now seems to be well automated, I got emails about successful closing bids on three of todays items withing two minutes of them closing. The automated process seems to keep the green bar at the lowest price to have seen 100% even if enough people pull their bids to drop it below 100% before closing (it being quite reasonably assumed that these people have changed their mind and do not want it at that price).

What we need is new bidders.  As we have just seen, significant problems can arise by waiting too late to place a bid at the maximum price you are willing to pay (= what the collection is "worth" to you).  We were close to $40 but the focus in this thread was not on getting new bidders by telling people why it was worth $40, but was instead on a strategy of lower your bids.  Only attracting new bidders at the $48 price point brought the Galatians Upgrade price down. Getting the Romans Upgrade down to $48 would be a better deal for everyone, and there is stll the opportunity to do that.....

https://www.logos.com/product/37794/classic-commentaries-and-studies-on-romans-upgrade

Forget where the peak is, bid what you are willing to pay. (ie: click the graph not the "Bid Now" button)

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Alan Macgregor | Forum Activity | Replied: Sat, Mar 8 2014 10:45 AM

I'm in at $48. If I don't get it then I can live with that.

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Bruce Dunning | Forum Activity | Replied: Sat, Mar 8 2014 10:56 AM

Alan Macgregor:

I'm in at $48. If I don't get it then I can live with that.

I have the same strategy.

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David Paul | Forum Activity | Replied: Sun, Mar 9 2014 5:46 PM

I'm going to happily spend $48 dollars on something else that I am far more likely to use.

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JPH | Forum Activity | Replied: Sun, Mar 9 2014 7:19 PM

David J. Wilson:
We still have the opportunity to get the Romans upgrade down to a more rational price: in my opinion, looking through the various authors and their backgrounds and the scope they seem to have put into their comentaries, this set is "worth" (to me) about $48 rather than the current peak at $96.

I'm in at $48 too Yes

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Evan Boardman | Forum Activity | Replied: Sun, Mar 9 2014 8:52 PM

I bid $40 and don't regret that I didn't bid higher.

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abondservant | Forum Activity | Replied: Mon, Mar 10 2014 5:50 AM

Disciple of Christ (doc):

Exactly why I refused to lower my bid to $40.  Doing so was to big a risk of it ending up in "tears" as it has for some of you.  I simply don't have the time to watch the clock and play that sort of game.  Sorry to hear some of you missed out.  Would have been nice for it to go off at a lower price but $48 it is and I can live with that.  Thanks everyone for your efforts in getting this down from $80 to $48.  Still a good outcome IMHO. 

David P. Moore:

Same here. Forgot to change it from $40 to $48 before time was up. Lost many an Ebay auction by forgetting to check back in. Oh well.



Same here, I don't try to "game" the system. I want the resources, I was in at 76$, and prayed as I clicked that it would come down to a sane price.

You know, if everyone in at 40, had bid 48, it may have dropped to 46 or 42.

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Todd Frusti | Forum Activity | Replied: Mon, Mar 10 2014 6:36 AM

abondservant:
if everyone in at 40, had bid 48, it may have dropped to 46 or 42.

Good advice. Thanks.

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David Paul | Forum Activity | Replied: Mon, Mar 10 2014 8:15 AM

abondservant:

Same here, I don't try to "game" the system. I want the resources, I was in at 76$, and prayed as I clicked that it would come down to a sane price.

You know, if everyone in at 40, had bid 48, it may have dropped to 46 or 42.

The problem with bidding the not "sane" price and hoping it will come down to sane levels is that the clock starts ticking as soon as it crosses the line. This could have easily...EASILY...gone live at $30 instead of almost $50 if people had just bid $30 to start with. More people would have been willing to bid, because many people (for reasons I don't quite comprehend) don't bid on these until the clock is tripped and/or until it is green at a price they like. If this had peaked at $30 instead of $80, it is very possible that it might have closed sooner just because more people would have been willing to jump in. Certainly $48 is better than $80, but I don't think these are worth that. At $48, there's tons of stuff in Logos more valuable than these, and I will spend my limited resources on those.

The Romans upgrade is suffering the same irrational bidding process it appears. Too bad.

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