I'm auctioning away M$1000. Will the highest bid be at least M$500?
15
6
310
resolved Jan 20
Resolved
NO

I am running an auction. To the winner, I will send a manalink for M$1000. The starting bid is just M$1.

You bid by sending me a manalink equal to the value of your bid. You can do this on Discord (EsotericEstrin#1410). Once I claim your manalink, your bid is confirmed. (Later bids sum with earlier ones, so your bid is the total value of mana you've sent me.)

I will update this description with each new highest bid as I receive it. If anyone accidentally sends me a manalink that is too low to be a valid bid, I will not claim it. If multiple people try to bid the same amount at almost the same time, I'll try to claim the one that was sent first.

For example, Alice sends me a manalink for M$1. Alice has the highest bid. Bob then sends me a manalink for M$2, and Bob has the highest bid. Alice then sends me a manalink for M$2, making her total bid M$3. If no one outbids Alice by market close, I will send her M$1000, and she turns an overall profit of M$997.

To prevent last-minute sniping, the auction won't end until 24 hours after the most recent bid. (I'll reopen the market as necessary.)

This market resolves based on the value of the winning bid.

Extra rules:

  • I won't bid myself (even with an alt). It's generally understood in the world of auctions that people auctioning an item aren't allowed to bid up their own item, and I'd apply that norm here as well.I won't bid myself (even with an alt). It's generally understood in the world of auctions that people auctioning an item aren't allowed to bid up their own item, and I'd apply that norm here as well

  • Me not bidding also includes bidding by proxy, such as me paying someone else to bid. Me not bidding also includes bidding by proxy, such as me paying someone else to bid.

Current high bid is M$250 by @DesTiny

Get Ṁ200 play money

🏅 Top traders

#NameTotal profit
1Ṁ141
2Ṁ74
3Ṁ57
4Ṁ13
5Ṁ12
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predicted NO

Dammit, I was gonna bid again, didn't realize it closed at noon. Congrats @DesTiny

predicted YES

Also, I want to be clear that the rule that all bids must be higher than all previous bids applies to individual bids, not total bids. For example, @DesTiny could bid 151 increasing their total bid to 401 but could not bid 1 to bring their total bid to 251.

@ZZZZZZ couldn't you go around this by bidding like Ṁ5 50 times?

predicted YES

@DesTiny No, you can't bid Ṁ5. Min bid is Ṁ251.

@ZZZZZZ I mean at the beginning but idk

predicted YES

@DesTiny The minimum bid is set at the highest total bid + 1.

predicted YES

Bids of 100 + 150 by @DesTiny make a total bid of 250 mana.

predicted YES

Current highest bid is 150 mana by @DesTiny

@ZZZZZZ Shouldn't it be 250?

predicted YES

@DesTiny actually yeah you're right

Current highest bid is 101 mana by @ForrestTaylor

Do you return unsuccessful bids?

@ZZZZZZ sounds like a pretty weird kind of auction to me

predicted YES

bro listed his last rule twice, gotta make sure we read it lol

sold Ṁ30 of YES
predicted YES

Current highest bid is 100 mana by @DesTiny

@ZZZZZZ HEY WAIT NO

predicted YES

@DesTiny is really cool. I really appreciate them bidding 100 mana on this market.

bought Ṁ50 of YES

@ZZZZZZ true, I am really cool

predicted YES

Context

I lost 1000 mana+ on this market so all the mana you send me will go to a good cause.

bought Ṁ0 of YES

@ZZZZZZ It's true, "losing mana to Isaac" is a good cause and I endorse this.

bought Ṁ50 of YES

Context:

hmm this is an interesting idea, what happens if someone just instantly bids 1000?

bought Ṁ20 of YES

(Also to be clear, I won't bid myself (even with an alt). It's generally understood in the world of auctions that people auctioning an item aren't allowed to bid up their own item, and I'd apply that norm here as well.)