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Market Discussions

 
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Auctions

Author
Thur Barbek
Republic University
Minmatar Republic
#1 - 2012-02-28 18:34:50 UTC
Can someone explain the point of having a starting bid lower than the reserve in auctions?
Is it just to generate bumps on the forums from people bidding amounts that the seller will not accept?


Thanks.
Acutra Vessen
State War Academy
Caldari State
#2 - 2012-02-28 18:41:51 UTC
The point of a hidden reserve is to keep bidders from knowing the minimum you are willing to accept. This allows for the possibility that the first acceptable opening bid will be happily above your desired minimum, which is a good thing if you're selling.
Thur Barbek
Republic University
Minmatar Republic
#3 - 2012-02-28 18:49:56 UTC
That's a good point. Thanks

What about the people who don't hide the reserve?
Just a random example from the front page of sell orders: https://forums.eveonline.com/default.aspx?g=posts&t=75154&find=unread

Is there any reason for not simply starting the bid at 15b? (for this example.)
Zeta Zhul
Preemptive Paranoia
#4 - 2012-02-28 19:03:23 UTC
I always assumed they were just basically wanking off since inevitably you see people posting bids -under- the stated reserve.
Tidurious
Blatant Alt Corp
#5 - 2012-02-28 19:32:16 UTC
Zeta Zhul wrote:
I always assumed they were just basically wanking off since inevitably you see people posting bids -under- the stated reserve.


This ^^

In reality, with an eBay auction for example, the area between the starting bid and the reserve allows the seller the option of selling, without him being committed. Anything over the reserve, and they are legally obligated to sell.

For **** on the char bazaar, than it's mostly pointless, since you're never OBLIGATED to sell. It can offer a face-saving way of walking away from your highest bid, but again, since there's no obligation, there's no reason to do it here.
Acutra Vessen
State War Academy
Caldari State
#6 - 2012-02-28 19:42:42 UTC
This is going to be a bit long, but it'll make things as clear as an azure sky of deepest summer.


Auction Reserve Bids, the preconstructive paradigm of trade and commercial narrative, by Acutra Vessen

1. The preconstructive paradigm of trade and postdialectic libertarianism

The characteristic goal of auctioneers is a mythopoetical whole. Sontag’s model of Baudrillardist simulacra implies that bidding is part of the paradigm of consciousness. Thus, Debord uses the term ‘cultural subcapitalist theory’ to denote the role of the bidder as capitalist.

“Truth is intrinsically impossible,” says Sartre. The main theme of von Junz’s[1] analysis of the preconstructive paradigm of trade is the genre, and eventually the stasis, of intergalactic class. In a sense, Brophy[2] holds that we have to choose between Baudrillardist simulacra and neocultural discourse.

If the preconstructive paradigm of trade holds, the works of Joyce are empowering. It could be said that Dietrich[3] suggests that we have to choose between Baudrillardist simulacra and commercial construction.

Lyotard uses the term ‘postdialectic libertarianism’ to denote not theory, but pretheory. However, Derrida suggests the use of subdialectic deappropriation to attack capitalism.

Any number of situationisms concerning the role of the auctioneer as butt-pirate be discovered. In a sense, the subject is interpolated into a preconstructive paradigm of trade that includes rimming Chihuahua buttholes as a paradox.

If Baudrillardist simulacra holds, we have to choose between constructivist narrative and predialectic discourse. Thus, the characteristic theme of the bidder is the value, and therefore the dialectic, of semiotic reality.

2. Discourses of reserve bidding

In the works of Goonwaffe, a predominant concept is the distinction between within and without. Lacan promotes the use of Baudrillardist simulacra to analyse and challenge bidding wars. But the premise of postdialectic libertarianism implies that auction value has objective value, but only if Bataille’s critique of the preconstructive paradigm of trade is valid.

“Society is responsible for hierarchy,” says Sartre; however, according to Hamburger[4], it is not so much society that is responsible for hierarchy, but rather auctioning crap in Jita. The primary theme of von Junz’s[5] essay on cultural theory is the common ground between commercial narrative and narrativity. Thus, Lacan suggests the use of postdialectic libertarianism to deconstruct capitalism.

Derrida uses the term ‘postdialectic libertarianism’ to denote the fatal flaw, and eventually the meaninglessness, of deconstructivist commercial narrative. But the main theme of the works of CCP is the role of the capsuleer as douchenozzle.

Debord suggests the use of the preconstructive paradigm of trade to challenge class divisions. Therefore, Marx uses the term ‘subconceptual capitalist theory’ to denote the genre, and subsequent defining characteristic, of posttextual commerce.

The subject is contextualised into a postdialectic libertarianism that includes trade as a totality. In a sense, the characteristic theme of Humphrey’s[6] critique of neocapitalist patriarchial theory is a self-referential whole.

Hanfkopf[7] suggests that we have to choose between postdialectic libertarianism and precultural theory. Thus, the primary theme of CCP is the difference between wallet identity and class.

3. Joyce and the preconstructive paradigm of trade

“Consciousness is dead,” says Bataille; however, according to Tilton[8] , it is not so much consciousness that is dead, but rather the value of AUR, and hence the economy, of consciousness. A number of desituationisms concerning a commercial totality may be found. However, the characteristic theme of Dietrich’s[9] essay on postdialectic libertarianism is not deconstruction, as the postdialectic paradigm of context suggests, but subdeconstruction.

Several situationisms concerning postdialectic libertarianism exist. It could be said that the characteristic theme of Hubbard’s[10] analysis of Baudrillardist simulacra is not, in fact, narrative, but a prostate massage.

Baudrillard promotes the use of postdialectic libertarianism to attack and modify Jita. Therefore, any number of theories concerning the common ground between auctioneer and bidder may be revealed.


Citations:

My dog ate them. Sorry.
Zaxix
State War Academy
Caldari State
#7 - 2012-02-28 21:23:25 UTC
riverrun, past Eve and Adam's, from swerve of shore to bend of bay, brings us by a commodius vicus of recirculation back to Howth Castle and Environs.

For whom is the funhouse fun? Perhaps for lovers.

Bokononist

 

Acutra Vessen
State War Academy
Caldari State
#8 - 2012-02-28 21:41:41 UTC  |  Edited by: Acutra Vessen
Zaxix wrote:

For whom is the funhouse fun? Perhaps for lovers.



EPIC QUOTATION DEPLOYMENT

Thanks for that. Lol
Abdiel Kavash
Deep Core Mining Inc.
Caldari State
#9 - 2012-02-29 02:30:24 UTC  |  Edited by: Abdiel Kavash
If the item doesn't have a well-estabilished going price (TII BPOs, officer mods, characters, but in a way pretty much everything sold only on contracts), and if nobody is willing to pay the price you want to get for the item, having a starting bid lower than the reserve lets you see how much people are willing to pay, even if it's below the price you expect.

True, there is no law about this in EVE, so you can always set the minimum bid at 1 ISK and just refuse the trade if the final price does not meet your expectations. But stating your "minimum considered" and "expected" price points is generally considered good business and it helps the buyer as well.