CigarSniper Beta is open to all this weekend

themoneycollector · 10-21-2011, 04:06 PM

I don't see there being any "deals"

There was a box of VSG's that I wasted all 250 bids on. Of course it's a beta so everyone was just clicking, but I started to think about it.

When I finished my 250 bids, it was at $13.xx.

At 60cents per bid, FSS has made 1300*.06 = $780 in bids + what the box actually sells for. As a non-winning bidder, I spent 250*.6 = $150 to not get anything.

In the end, there's 1 happy person and tons and tons of unhappy people. In this case there's over 1299 unhappy people.

Morally, these penny auctions should be illegal. I feel sorry for the CS reps who are going to be getting complaints after spending bits here and there and never having anything to show for it.

sevans105 · 10-21-2011, 04:11 PM

Quote:

Originally Posted by themoneycollector

I don't see there being any "deals"

There was a box of VSG's that I wasted all 250 bids on. Of course it's a beta so everyone was just clicking, but I started to think about it.

When I finished my 250 bids, it was at $13.xx.

At 60cents per bid, FSS has made 1300*.06 = $780 in bids + what the box actually sells for. As a non-winning bidder, I spent 250*.6 = $150 to not get anything.

In the end, there's 1 happy person and tons and tons of unhappy people. In this case there's over 1299 unhappy people.

Morally, these penny auctions should be illegal. I feel sorry for the CS reps who are going to be getting complaints after spending bits here and there and never having anything to show for it.

Yeah, penny auctions are HUGELY profitable. Especially the other ones...they usually don't even have the actual merch. They just drop ship to the "winner". You'll often see iPads going for $100 which means that the company recieved $6000 for the bids, plus the $100 winning bid. $6100 for a $600 iPad is a VERY hefty profit margin.

Subvet642 · 10-24-2011, 09:12 AM

Quote:

Originally Posted by themoneycollector

...At 60cents per bid, FSS has made 1300*.06 = $780 in bids + what the box actually sells for. As a non-winning bidder, I spent 250*.6 = $150 to not get anything...

Wow, they're selling theoretical pennies for real money; 60 actual cents each!

10-21-2011, 04:06 PM	#1
themoneycollector Nicotiana Tabacum Join Date: Oct 2008 Location: Hill AFB, UT Posts: 1,258 Trading: (108)	Re: CigarSniper Beta is open to all this weekend I don't see there being any "deals" There was a box of VSG's that I wasted all 250 bids on. Of course it's a beta so everyone was just clicking, but I started to think about it. When I finished my 250 bids, it was at $13.xx. At 60cents per bid, FSS has made 1300.06 = $780 in bids + what the box actually sells for. As a non-winning bidder, I spent 250.6 = $150 to not get anything. In the end, there's 1 happy person and tons and tons of unhappy people. In this case there's over 1299 unhappy people. Morally, these penny auctions should be illegal. I feel sorry for the CS reps who are going to be getting complaints after spending bits here and there and never having anything to show for it.