Not Mine OMG!!!! Paulson Cosmopolitan Casino (100) $1.00 Poker Chips (1 Viewer)

Ronoh

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Reserve auctions on things like this are just silly.
 

Gear

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I can't imagine that the reserve is anything less than $100.
 

tigon

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Setting the starting price to your minimum reserve would accomplish the same thing. I guess the idea behind it is to instigate a bidding war, but if just one or two people have bid, they're probably not going to bid themselves up to the minimum reserve price unless they REALLY want the item.
 

slisk250

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The problem with a reserve auction is that it takes two bidders with a number over the reserve for the auction to end in a win, I believe. If auction reserve is 100 and second highest bid is 90, then even if the proxy bid was 250, the price would go to 90 + the increment and = no sale. A reserve price auction will have no impact on a bidder who implements a sniper program or bids at the bell.

Bidding wars are silly too. Set your highest price in mind, set your snipe to that price. If you win, you'll get it for the lowest possible price instead of driving it up.
 

pltrgyst

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Since they're live chips, no one's going to sell them for less than face value.

I have two racks, harvested the week the casino opened by simply going up to the cage and asking for them (documented on CT at the time, with pics), if anyone needs more than the rack on Deezer's auction -- I'll see if I can find them.
 

Bloody Marvelous

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The problem with a reserve auction is that it takes two bidders with a number over the reserve for the auction to end in a win, I believe. If auction reserve is 100 and second highest bid is 90, then even if the proxy bid was 250, the price would go to 90 + the increment and = no sale. A reserve price auction will have no impact on a bidder who implements a sniper program or bids at the bell.

Bidding wars are silly too. Set your highest price in mind, set your snipe to that price. If you win, you'll get it for the lowest possible price instead of driving it up.

Actually, if your proxy bid exceeds the reserve your bid is automatically set to the reserve price. You're willing to pay what the seller wants, so that would make sense.
 

slisk250

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This must be a change from what has been in the past. I have lost auctions this way. I don't know what happened?
 

fiveaces

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Since they're live chips, no one's going to sell them for less than face value.

I have two racks, harvested the week the casino opened by simply going up to the cage and asking for them (documented on CT at the time, with pics), if anyone needs more than the rack on Deezer's auction -- I'll see if I can find them.

Will the cage do this for anyone? I really like the Cosmo chip colors.
 

Bloody Marvelous

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I've only ever played poker, but I'm sure the same thing is true for blackjack and roulette (or whatever other games they may hold). If you can sell chips at the cage, I'm sure you can buy them at the cage as well.
 
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