Taking Offers on Premium Point Blocks

[Nilandia]

I don't really use them that much, so I'm selling my Premium point blocks. First up for bids is use of my Prime points. Bids will go once, twice and sold, updated once per day.

My current blocks stand as follows. Wyrom has posted that staff is working on a way to convert Prime points to Plat in November.

First account
Premium points: 8800
Sold on buyout

Second account
Premium points: 13200
Current bid: $1200 to beldar17
SOLD ON BUYOUT

I'm looking to sell in cash only, and I do reserve the right to decline an offer if I don't know you or if your reputation isn't the best. If you have references, though, I can give consideration.

Feel free to let me know if you have any questions!

[Goat]

To be clear - it's the accounts themselves that are up for sale?

[Nilandia]

No, these are just the premium points at the moment.

[rolfard]

Will you be taking prorated offers

[Nilandia]

I can at least take a look at it, sure.

[dex]

Will you be temporarily granting access to use the accounts or??

[Nilandia]

You would need to pass the item to me to be worked on. It's your decision whether you wish to trust me with it. I would stay in contact with you to update on the process.

[Wrathbringer]

You would need to pass the item to me to be worked on. It's your decision whether you wish to trust me with it. I would stay in contact with you to update on the process.

Nilandia is bulletproof. Very trustworthy, imo.

[Pereus]

Im confused. So you are taking offers only to do an auction anyways? In that case I will just bid when you auction them.

[rolfard]

Paying 10k per in silver, turn it into cash but i haven't ever.

I need 9-10x and heavy padding on fusion, estimates 11k total

[Gelston]

Im confused. So you are taking offers only to do an auction anyways? In that case I will just bid when you auction them.

She is probably taking an offer to start the bidding off? I'm guessing.

[Nilandia]

She is probably taking an offer to start the bidding off? I'm guessing.

That's pretty much it, yes.

[Pereus]

So starting point?

I'll throw down $400 on account 1 and $600 on account 2 to get this party started.

[Zarston]

Will you be entertaining bids on premium and platinum points seperately? You haven't stated a policy in needing less than a total and I definitely don't need the platinum points in any way shape or form.

[rolfard]

They havent combined them yet and it was more than a year since they talked about that so...RSN

[Gelston]

They havent combined them yet and it was more than a year since they talked about that so...RSN

I'll take stuff that'll never happen for 2000, alex.

[dex]

Unclear about how to bid for this... I have no use for Platinum points. Not sure why these are sold as premium+plat bundles.

[Archigeek]

I'd bid, but why would I do that, just to have my bid be the starting point for a later auction? Not much of formula for winning auctions.

[Nilandia]

You guys have good points, so I'm going to move to an auction very soon, once I get things sorted. I do have offers on both accounts that I'll be using. I'll be going once-twice-sold, moving the bid once per day.

To clarify precisely what you guys are bidding on: Essentially, you're bidding on a use of my point block in whatever way you see fit. If you don't care about Plat points, then ignore them. The pools have not been combined yet, so you're just looking at the Premium points.

I listed Plat points for Plat players to get an idea of what is available to them. If you do play Plat, then there is the option of combining the Premium in with the Plat to make a larger pool. Latest I've heard is that will be possible in November. This is done by hand by the GMs.

[Nilandia]

Quick update. My accounts actually accrued another month of points since I made my initial post, so my numbers were out of date. My first post has been updated with the current totals as of tonight.

[Zarston]

I think the point we're trying to get across is you'll get more money total if you auction off the premium and the platinum points separately for each account. Many of us have zero interest in the Platinum points, so they'll likely be sold/auctioned off by the winner to someone in Plat who could use them since it would be a waste of their win otherwise. The thought of having to do this will push some buyers off of bidding in the first place. It would be in your better interest to split this into 4 auctions (a buyer for the Premium Points and then a different one for the Platinum points) and not sell them as a parcel deal per account. If someone is interested in the combination aspect, then they can bid on both parts of the same account.

[dex]

What Zarston said exactly.

[Nilandia]

Agreed on that. So, here's what we're going to do.

Right now, the points on the Prime accounts are up for auction. As before, they will go once, twice and sold, updated once per day. As before, I do reserve the right to refuse a bid if I don't know or trust you, but I do accept references. Paypal preferred.

Current bids are as follows.

Account 1 - 8800 points
High bid: $400 to Pereus

Account 2 - 13200 points
High bid: $1000 to Adred

This is only for use of the points. I will maintain control of the account at all times, so you would need to pass the item to me to get it worked on. If you have any questions, please feel free to ask!

[Zarston]

Thanks for being open to our suggestions. I'll bid $425 on Account 1.

[Nilandia]

Well, I'd be rather foolish not to listen to sensible suggestions, wouldn't I? :)

[Goat]

Did you end up deciding on any kind of pro-rating policy?

[Nilandia]

The 8.8k point block has been sold on a generous buyout!

The 13.2k block is now going once at $1000.

[Nilandia]

Did you end up deciding on any kind of pro-rating policy?
Let me do a bit of research on this and I'll post an answer.

[dex]

Sold on buy out?? There was a buy out? I didn't even get to bid yet....

[Nilandia]

Sold on buy out?? There was a buy out? I didn't even get to bid yet....

I understand the surprise. Let me see if I can find an equitable solution for the other block.

Speaking of which, the current bid on the second block is $1100.

[savvi]

$1150 on the second batch.

[Nilandia]

$1150 on the second batch.
Current bid on the batch of 13,200 Premium points is now $1150!

[Nilandia]

$1150 to savvi going once!

I've mulled over for a while how I might try to make things fair for everyone regarding the sale. Unfortunately, I can't come up with a good answer that would please everyone, especially since I've already started the big block on a traditional auction with no pro-rating and people are bidding with that expectation. It wouldn't be fair to switch things up midstream. At this point, I'm going to keep the auction as it is. I do apologize to everyone who was interested and I hope you find what you need the next time someone puts theirs up for sale.

[Nilandia]

Current bid is now $1200 to beldar17!

[Nilandia]

Going once!

[Nilandia]

Going twice!

[Nilandia]

Current bidding is on hold with a pending buyout offer.

[Nilandia]

I should clarify, so that there is a chance to respond if anyone is inclined, that the buyout offer is for $1500. If I don't hear a counter offer by noon Eastern tomorrow, the points will be considered sold.

[adred]

I think you are mistaking a buyout offer for a bid.

[BriarFox]

I think you are mistaking a buyout offer for a bid.

:yeahthat:

[Gelston]

I think you are mistaking a buyout offer for a bid.

I don't think she is. I've seen folks publicly or privately post buy out offers to see if anyone wants to counter before. It just speeds up the time line. Instead of once, twice, whatever it just becomes... Done at this time if no counters.

Either way, her auction. She can do what she wants.

[Nilandia]

I don't think she is. I've seen folks publicly or privately post buy out offers to see if anyone wants to counter before. It just speeds up the time line. Instead of once, twice, whatever it just becomes... Done at this time if no counters.

Either way, her auction. She can do what she wants.

That's precisely it. There were objections to my first block closing suddenly, so I wanted to give an opportunity to respond.

[adred]

That particular objection was without foundation. As Gelston pointed out, you can do literally whatever you want.

[Goat]

Nilandia can do what she wants. But if I place a BO bid, the point is "I'll offer what I think is an above-market price so that I can be sure I won't have to bid any higher or wait any longer." If the seller wanted to briefly shop for a counter-offer afterwards, I would expect that seller to clear it with me first. Maybe they did agree to that already.

If I place a BO offer and the seller started shopping for a better offer without discussing it with me, I would feel within my rights to revoke it and simply place an incrementally higher bid instead (like $1250 in this case). (Edit: And at that point, the seller would have to have a strong reputation, e.g. Nilandia, in order for me to increase my bid any further than that. I'd worry that anyone without proven ethical merchanting behavior would be tempted to go find a fake bidder to get me back to my buyout price, now that I've revealed a higher willingness to pay.)

Further edit: it seems pretty clear to me Nilandia was trying to be fair to everyone involved.

[Nilandia]

I'll take a risk of appearing to change my mind, but I am going to accept the buyout offer that was made.

I apologize for any miscommunications. They were entirely my fault and my attempt at finding a fair way of dealing with the sale.

Both point blocks have now been sold. Thank you all for your interest!

[Pereus]

So Nilandia, for what its worth, and it is a bit more work on your part, when it comes to this value item, you should take all bids in PM. It is your discretion on if and when to ask for public bids, otherwise just PM with the top bidders. It relieves the look of impropriety. So long as you are honest and forthright which I believe you have been during this whole transfer it would be much easier.

Dont sweat it of people hate either way, good sale, was more than I wanted to spend so that means you got a good deal!

[savvi]

No, she's had a buyout offer. It's an offer, not a condition she set. She's giving other people a chance to make one last, higher, buy out offer. Unlike a normal offer, it's not going to go back and forth.

Keep in mind a buyout offer originated by a potential buyer is NOT the same thing as a buyer meeting a seller condition. She's taking this 100% in a legitimate way. It'd be quite different if she herself had proposed a particular price was a buyout.

[Archigeek]

I thought it was all fine. I was more shocked by the price than by any sort of method employed. I'm wishing I had a pile of points laying around. Yay Nilandia.

[Goat]

So Nilandia, for what its worth, and it is a bit more work on your part, when it comes to this value item, you should take all bids in PM. [...] It relieves the look of impropriety.

Pereus, I don't see how taking private bids would reduce the appearance of impropriety. I know I'm more comfortable bidding on something that is receiving public bids. On the other hand, if I bid X on something and then the sller comes back with "CB x + 1m to private bidder" the next day, I might wonder if the private bidder really exists, or the seller is just taking a chance and trying to milk me.

How do you figure taking private bids makes things look more legit?

(In this case, it doesn't matter too much either way because no one doubts Nilandia's integrity. I'm suggesting it's a little shakier for a less-known person.)

[Gelston]

Pereus, I don't see how taking private bids would reduce the appearance of impropriety. I know I'm more comfortable bidding on something that is receiving public bids. On the other hand, if I bid X on something and then the sller comes back with "CB x + 1m to private bidder" the next day, I might wonder if the private bidder really exists, or the seller is just taking a chance and trying to milk me.

How do you figure taking private bids makes things look more legit?

(In this case, it doesn't matter too much either way because no one doubts Nilandia's integrity. I'm suggesting it's a little shakier for a less-known person.)

I've never liked private bidders either. I give the benefit of the doubt, but if I'm ever in a bidding war and the other person is a private bidder, I'll usually quit bidding.