Sold PNY Liquidation - Auction #1 Blue $0.25 Hotstamps (1 rack) - Ending 10/13 8pm Central (1 Viewer)

Hello All!

Finally kicking off the auctions of my PNYs. I'm going to work up through the denominations two at a time so I don't get overwhelmed. Full collection to be sold is in the table at the bottom of the post. Here are the blue quarters. This auction is for 1 rack, but as stated in the rules, the winning buyer has the option to buy up to 3 racks at the winning bid price (per rack obviously). Chips are in brand new condition. Any questions just shout them out - I'm trying something a little different around buying 1 versus multiple racks, so i hope it goes smooth.

Happy bidding & thanks for looking!

• STARTING BID: $250
• Bids must be placed in minimum increments of $5
• The Starting Bid of the auction will be treated as the Reserve Price.
• All bids are to be placed openly in this thread. No bids via PM/Conversation.
• Auction will use the '5 minutes after last closing bid rule'. Highest bid at 8pm Central Saturday October 13th will win unless there is a bid within 5 minutes of closing time (between 7:55 & 8:00) - then the closing time will be 5 min. after the latest bid was posted.
• Edited posts will be voided.
• Winning bidder will purchase at minimum one lot of the offered denomination. Winning bidder will then have the option to purchase as many lots of that denomination as desired for the winning bid price.
• Should the winning bidder not want all lots available, the next highest/chronological bidder will be given the opportunity to purchase as many lots remain for the price each bidder offered. This process will continue down the list of bidders until all lots are accounted for or no potential buyers exist.
• I reserve the right to: i) cancel the auction if no bids have been made; ii) edit the listing to correct errors or clarify rules as needed; or iii) resolve sales of unconfirmed lots in any manner after the process outlined in points 7/7a are exhausted (allowing 24 hours for responses to any offers)
• PCF (it's Owner, Admins, and Moderators) are in no way responsible for any actions in this auction.
• Shipping Terms: Buyer to pay applicable flat rate box pricing depending on the quantity of chips won, international will be actual cost
• Payment Terms: Paypal Friends and Family

Total PNY Collection to be Auctioned:

 

[n0m1n4l]

456

 

[SalesGuru]

460

 

[SalesGuru]

500

 

[gkitt80]

Not to be a bearer of bad news @SalesGuru but I think the auction was over at 9:16 (5 minutes after @n0m1n4l bid of $456 at 9:11) - your bid of 460 came at 9:17 server time...ugh

Although @n0m1n4l 's bid was not in a increment of $5 (per auction rules)...not sure how that should be handled...obviously the intent was there

 

[n0m1n4l]

Bids must be placed in minimum increments of $5

 

[Swift618]

I’m on my phone right now and the $1s are easy enough to see but I’ll have to go through the times on my laptop to see what increments it goes down to. You guys can see it better than me right now.

 

[allforcharity]

Although @n0m1n4l 's bid was not in a increment of $5 (per auction rules)...not sure how that should be handled...obviously the intent was there

"Minimum" increment of $5. A $6 increment is legit. Even a $5.03 increment is.

 

[gkitt80]

Yes I was wrong about that, my bad. Even if the increment was off, I still acknowledged the intent tho.

 

[softchewy]

I’m on my phone right now and the $1s are easy enough to see but I’ll have to go through the times on my laptop to see what increments it goes down to. You guys can see it better than me right now.

From what I see..

n0m1n4l's bid at 9:11 for $456 is legit and wins the auction.
SalesGuru's bid at 9:17 for $460 is a minute late and a dollar short.

 

[davin]

From what I see..

n0m1n4l's bid at 9:11 for $456 is legit and wins the auction.
SalesGuru's bid at 9:17 for $460 is a minute late and a dollar short.

agree

 

[ReallyGoodUsername]

From what I see..

n0m1n4l's bid at 9:11 for $456 is legit and wins the auction.
SalesGuru's bid at 9:17 for $460 is a minute late and a dollar short.

Yep something like 5min 30sec so depending on when you refresh it’ll either show a 5 or 6 minute difference.

 

[gkitt80]

I do think that making bid increments a mandatory amount makes sense - just my $.02. 100% not what happened here as the time limit had already been reached, but using this auction as an example, in the heat of the moment during the back and forth bidding at the end of any auction, I would hate for someone to "mess up" by putting in a bit a bid of $460, when the last person bid $456, and the result being the $460 doesn't carry. I can speak for myself only here, but I was purely bidding in increments of $5 (i.e. $5, $10, $15, $20) - so if I was in this till the end I could see myself unintentionally screwing this up, and to be disqualified because the bid was $1 / chip short on a $460+/chip bid would rub me the wrong way

With all that said, doesn't make a difference for this auction, and is 100% just my opinion - I don't expect people to agree

 

[allforcharity]

Easily solved. Auction bid and bid increment rule can be changed to "All bids must be clear multiples of $N" to prevent fractionalization (is that a word?) of bids. Maybe add another statement, "All bids outside of these multiples shall be rounded down to the nearest recognized bid increment, or considered void."

 

[n0m1n4l]

 

[markleteenie]

Easily solved. Auction bid and bid increment rule can be changed to "All bids must be clear multiples of $N" to prevent fractionalization (is that a word?) of bids. Maybe add another statement, "All bids outside of these multiples shall be rounded down to the nearest recognized bid increment, or considered void."

I think either an explicit disclaimer such as this, or let bids like this occur. IMO it was excellent gamesmanship for end of auction chaos. I personally like the strategy since it seems legal within the rules set.

 

[allforcharity]

I think either an explicit disclaimer such as this, or let bids like this occur. IMO it was excellent gamesmanship for end of auction chaos. I personally like the strategy since it seems legal within the rules set.

Oh yes, I'm not against the strategy that was behind the bidding done here. It was, in fact, allowed by the posted guidelines (I hesitate to use the term "legal" because this isn't a matter of law). I only posted to address @gkitt80 's post on how to restrict bids to whole dollar amounts and multiples of the bid increment over and above the starting bid. It's really only a way to keep the numbers "clean".

 

[markleteenie]

It was, in fact, allowed by the posted guidelines (I hesitate to use the term "legal" because this isn't a matter of law).

"Allowed" is much more accurate than legal. I concur with that clarification as well. . Definitely not talking about law here! Also there was a 426 bid earlier that seems to be universally accepted, so......there's that.....

 

[n0m1n4l]

the post conversation is more entertaining than the auction itself... ..... oh, and cheaper on my wallet

 

[allforcharity]

Have we hijacked this thread enough, yet? I mean, we could go on to a discourse of the decline of European wines on the casual North American dinner table market with the general exception of Spanish Garnacha / Tempranillo, or perhaps some French Cotes du Rhone, and Italian Chianti Classico, seeming that there's abundant competition from Australia/New Zealand and Chile/Argentina for the working man's/woman's money....

 

[markleteenie]

Have we hijacked this thread enough, yet? I mean, we could go on to a discourse of the decline of European wines on the casual North American dinner table market with the general exception of Spanish Garnacha / Tempranillo, or perhaps some French Cotes du Rhone, and Italian Chianti Classico, seeming that there's abundant competition from Australia/New Zealand and Chile/Argentina for the working man's/woman's money....

Show off... if it isn't available in box form, then it's money that's going towards chips.

 

[n0m1n4l]

Show off... if it isn't available in box form, then it's money that's going towards chips.

I wish there was boxed Bourbon so I could spend more money on chips!!!

 

[markleteenie]

I wish there was boxed Bourbon so I could spend more money on chips!!!

For a complete tangent, there are options:
https://www.esquire.com/food-drink/drinks/a19860430/black-box-whiskey-vodka-tequila/