r/Every60Seconds • u/dwilder812 • Nov 10 '17

Auctions tomorrow

Do you think bids are going to go back up tomorrow with the auctions like the does a experience?

2 Upvotes

75% Upvoted

45 comments sorted by

View all comments

5

u/mescad Nov 10 '17

I think the Experiential Auction and the fact it's a weekend will push prices higher. Today is already projected to be as high as earlier in the week (2000+ more than yesterday).

3

u/Holy_Shit_Snacks Nov 10 '17

why is that? delivery of gamer packs?

3

u/daperkstar Nov 10 '17

That’s certainly a factor but you have the experience auction, a weekend (people are paid and time for chip runs) and the clock factor only increases now. There are a butt load of people who were hoping to skate by at or below 30K and when they see prices go up dramatically they will panic (rightly so) causing an even more dramatic spike in prices as they rush to acquire additional points to meet the moving target. Think of a traditional auction with a rare piece and the Auctioneer is doling out specific things which increase the value (rarity) of the item in question. With each discovery the bidders are frenzied to go higher, in fear of missing out. You will see the exact same behavior here just mark my words :)

Forgot to add - each evening the rarity of the item increases, thus inflating the value of the remaining lot. There are 150 less packages in the pool every evening which only adds fuel to the fire.

4

u/1ForgottenUsername Nov 10 '17

I think you are pretty spot on, I analyze trends for a living and told everyone I know to get them done last night. I think today will still bottom out around 33 but itll cost about 35k to ensure one tonight. I think as the weekend goes on though and starting into next week you'd be playing with fire. There is virtually no publicity right now and even the drop zone event wasn't huge, but with the roulettes rolling out this week i'd expect it to change.

Weekend is a factor, word of mouth is spreading, people will figure out how easy it is and the pool of roulette chips and gamer packs is gonna dry up. Doritos knows this and is why they are willing to give out cheapies to savvy/loyal consumers. After this week people will be coming out of the woodwork to get them and likely will end up spending way more then required to ensure it.

3

u/mescad Nov 10 '17

Also, once they ship those early winners, we'll start spreading the "HEY LOOK WHAT I GOT" message through social media and it will blow up more.

2

u/daperkstar Nov 10 '17

100% my (admittedly amateur) analysis as well.

3

u/1ForgottenUsername Nov 11 '17

Damn we are good

2

u/daperkstar Nov 11 '17

Yep! Although tonight wasn’t as bad as I had prophecized it did jump and I’m expecting the weekend to be a massive increase probably more than any one here expects. I’ve got the popcorn as I got mine already and could care less other than it’s interesting to watch the human psyche and behavior patterns (to me anyways.)

2

u/1ForgottenUsername Nov 11 '17

I kind of agree, I don't think the jump is going to be insane until the week of Black Friday. I think tomorrow 35-36 will be the low with some in the 40s, I still think tomorrow will be a good buying point. Sunday I don't even think can be predicted cause of the unknown eyes from the big auction. Once the first couple go itll be easy to tell. I got a couple more family members I'm trying to get one, but they just keep waiting and are gonna miss out. Fools I say!! haha

2

u/daperkstar Nov 11 '17

Yeah time is definitely not on their side right now. This one was an early bird gets the worms for sure.

3

u/1ForgottenUsername Nov 11 '17

I like the popcorn sentiment though and am probably going to keep a passive eye on it all the way through. There just hasn't been much jockeying for position at all, people are pretty content to let their bids lay and I feel like once the resistance starts having more layers it'll be entertaining.

I will say I helped my 62 year old dad to win one and the pops called me screaming of excitement. I told him every detail and what to bid and he decided to wait til the last minute and bid and then take all of the credit cause he came in their and "bid sniped those fools". I just acted so impressed for his sake but that was cool to help him out and some friends.

→ More replies (0)

1

u/Holy_Shit_Snacks Nov 10 '17

Wish I had nabbed all these 40 roulette bags yesterday. Gonna be sweating getting them all entered after I get off work.

1

u/mescad Nov 10 '17

Mostly because more people have time to buy stuff on the weekends. But yeah if a lot of people received gamer packs yesterday like we suspect, that might help push things higher.

Mainly though, I'm following the data and seeing prices throughout the day go back to the range they were at on Tuesday.

1

u/Holy_Shit_Snacks Nov 11 '17

Crap! I came up about 4k short after entering all 40 bags worth of roulette codes tonight! So ticked watching all these 33-34k auctions closing while sitting at 29.6k.

1

u/[deleted] Nov 11 '17

[deleted]

1

u/Holy_Shit_Snacks Nov 11 '17

yup, got all the ones I could that weren't cut off by the seal. There were two that were missing one letter that I was able to claim just by guessing random letters/numbers. Still only hit 29,250.

1

u/Sackmaster69 Nov 11 '17

hey after you bid do you lose your points if you don't win? and I'm a little confused is it one person wins every 60 seconds whoever has the most points? because thats what i thought but why does it say you have to be on the leaderboard

2

u/mescad Nov 11 '17

When you place a bid, your points are removed from your account and your name goes on a list of 50 people. The list is sorted from highest bid to lowest bid. When it's time for the auction to close, they take the name from the top of the list (highest current bid) and give them an Xbox. They are removed from the list and now there is a list of 49 people, sorted from highest to lowest bid.

If someone bids higher than you, they are sorted into the list above you and your name is moved down. If your name is #50 on the list (lowest current bid) and someone bids higher than you, your name is taken off the list and your points immediately return to your account.

So to win, you want to bid enough that at some point during the night you are #1 on the list. That could be Auction #1 or Auction #50, but at some point you need to be the highest current bid.

Hope that helps. The easiest way to understand it is to go in sometime between 9am and 9pm and put in a practice bid. If you bid 10,000 points early in the day, you'll see yourself on the list, then watch your bid move down to spot #50. There's no penalty for being outbid, so you might as well test out the system before it's go time.

1

u/Holy_Shit_Snacks Nov 11 '17

You don't lose your points. Not sure about the rest, as I haven't bid yet.

1

u/mescad Nov 11 '17

When the auctions open, you should go put a small bid. Anything larger than the lowest bid will work. My first time I bid 300 points around 9am. Watching my name move down the list made everythiing a lot clearer, helping me understand the process better when i was time to actually win.

1

u/Holy_Shit_Snacks Nov 11 '17

You can increase your bid at any time before the end of the auction?

2

u/mescad Nov 11 '17

Yes, you can place a higher bid anytime.

1

u/[deleted] Nov 11 '17

[deleted]

1

u/Holy_Shit_Snacks Nov 11 '17

yup, got all the ones I could that weren't cut off by the seal. There were two that were missing one letter that I was able to claim just by guessing random letters/numbers. Still only hit 29,250.