Odelia Emmons Posted November 28, 2016 Share Posted November 28, 2016 I confess I cannot find this information anywhere...in the land auctions, normally bids go up in 10 linden increments; however, on these Horizon land auctions, we are seeing an initial bid of 1000$L and then an immediate jump to 20,000$L...how is that accomplished? Link to comment Share on other sites More sharing options...
AWFUL Bluebird Posted November 28, 2016 Share Posted November 28, 2016 As in all auctions, maximum bids are hidden until called. What you are probably seeing happening with the New Horizon land are price averages used for initial bidding and bid wars following. Link to comment Share on other sites More sharing options...
AWFUL Bluebird Posted November 28, 2016 Share Posted November 28, 2016 As in all auctions, maximum bids are hidden until called. What you are probably seeing happening with the New Horizon land are price averages used for initial bidding and bid wars following. Link to comment Share on other sites More sharing options...
Odelia Emmons Posted November 28, 2016 Author Share Posted November 28, 2016 What do you mean by "price averages"? Is there a wiki entry or LInden auction FAQ defining the term? Link to comment Share on other sites More sharing options...
CassieMaia Posted November 29, 2016 Share Posted November 29, 2016 I wonder if the current bid amount is showing as (for example) 5,000 and you enter a max bid amount of 20,000, if another bidder has a max bid amount of 15,000, does your bid appear as 15,010 rather than 5,010 because 15,010 would be the lowest possbile winning bid, given the other bidder's max of 15,000. That is the only thing I can think of that would explain the big jumps you're seeing. Just a theory... given the amounts those Horizon parcels are going for, I'm not going to test it out Link to comment Share on other sites More sharing options...
Amethyst Jetaime Posted November 29, 2016 Share Posted November 29, 2016 What happens is there are a lot of people that are bidding in that particular auction. Many people enter a maximum amount they are willing to pay and the software will automatically enter the next highest bid from the last bid. This continues until the maximum amount is reached then it stops bidding. If a lot of people use this proxy system, you can see a very rapid rise in the bid in the blink of an eye. If you decide to use this method yourself, be assured if you enter for example $20,000, the auction software only bids in the smallest increment allowed until no one else tops you. If the highest bid that wins is $8,010, and you won, that's all you pay. You don't pay your maximum. Link to comment Share on other sites More sharing options...
Chic Aeon Posted November 29, 2016 Share Posted November 29, 2016 Along with that I have seen some "plus 10 linden" bids on the Horizons lands so that can still happen even if it doesn't on the ones you are watching. Link to comment Share on other sites More sharing options...
Odelia Emmons Posted November 29, 2016 Author Share Posted November 29, 2016 I think you're theory may be correct...we're not going to see any incremental bids if say your maximum bid is 14990 and there's someone with a higher maximum, we'll see only that person's 15000 bid. As you say...not going to be testing out that theory...too costly! Link to comment Share on other sites More sharing options...
Odelia Emmons Posted November 29, 2016 Author Share Posted November 29, 2016 Yes, I do see that now...possibly a trend towards the lower price ranges ??? Link to comment Share on other sites More sharing options...
FailedScience Posted December 31, 2016 Share Posted December 31, 2016 https://community.secondlife.com/t5/Mainland/Mainland-Land-Prices-Are-Rediuclous/td-p/3091623 Link to comment Share on other sites More sharing options...
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