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Is this a competition?
The Good Guys Reverse Auction - Lowest Unique Bid Wins: Nexus 7 from $50, PS3 from $45 etc
1
Dates
Closing Date
31/12/2013
Prizes
Description
lens kit
No. of Prizes
1
Total Prize Pool
$200.00
Entry Requirements
Open To
Australia-wide
Entry Limit
Entry Methods
Website
Prerequisites
n/a
Moved to Forum: Original Link
Everyone places their bids (above the reserve price, to nearest 50c), and the lowest unique bid wins the auction. One bid per item per person. You can bid on any of 16 different items, including:
- Nexus 7 32GB (reserve $50)
- Playstation 3 120GB (reserve $45)
- Canon 110D Twin Lens Kit (reserve $80)
- Sony 55" LED TV (reserve $200)
- LG 422L refrigerator (reserve $80)
Expires midnight tonight. You'll need to submit an email address, of course. Site can get pretty slow at times, but it also has faster moments too.
Edit: This might be better in the forums. Mods?
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closed Comments
Yeah, pretty much. Guess the final price, one item of each type only. Not really a bargain as such.
Fellow ozb's… pls don't bid $51.75 as I already have… lol ;p
What, on everything? :-)
This is an auction/competition. Both are not deals, MOVED to Competitions.
Thanks.
Given there is only 1 of each item and there is no 'price' and its really a 'competition' its not a bargain.
I think the forum is more suitable for this. To clarify, it's a type of auction and the person with the lowest unique bid will win.
I think reverse auctions should only be considered on shady auction web sites & 1900-we-rob-u-blind competitions lines!
That unique condition is going to disqualify lots of bids near the low end. So it will end up costing much more than the reserve. Waste of time.
But still far less than retail. IF you win, which is pretty unlikely. Still, costs nothing to try.
It's even worse than that, it's to the nearest 50c, so the unique prices available are more limited. So either some idiot pays over RRP for it, or there is no winner and they have more addresses to spam.
But because you can't see other bids, everyone's bids cluster well under RRP, just high enough past the reserve that they think might be unique. Past winners were all around 20-30% of RRP.
They certainly get more addresses to spam though, as with every promotional competition.
How do you in fact know that they have chosen a unique bid? There is no requirement for transparency so maybe they pick one at random and write off the cost as advertising.
Could be that's exactly what they do :-) Either way, it's all the same to the winner, and everyone else. You exchange your email for a chance in a semi-random draw for a product at a very cheap price.
Took us both far more time to discuss it than it did to enter (and unsubscribe from the spam), so why not? :-)
I enjoy poking holes in dodgy schemes and none of the goods interest me so I'm doing this for fun. ;)
Yes it's pretty much a game of skill (or luck), rather than a traditional auction (which cannot be posted on OzBargain anyway, see eBay posting guidelines). I didn't know that The Good Guys would go down so low and try unique bid auction to sell their goods, although they've done it before a year ago.
Didn't we pretty much determine this was a complete load of bull last time this came around?
I would like to hear from ANYONE who has actually WON a reverse auction??
This doesn't sound like a reverse auction like I was familiar with from my Childhood in the Netherlands where 'reverse' or 'dutch' auctions were very common. The way they worked is the auctioneer would start with a very high price and go lower until someone buys it. An auction can get through more sales as there's no bid and counter bid and you only bid what you're prepared to pay for it - simple. This type of auction favours the seller, because if a buyer really wants to make sure he has his name on the item, he'll make his best offer, with an normal auction you might win something at a fraction the price you may have been prepared to have paid for it.
I won the Samsung 50" TV for just under $300. They emailed and left voice mail. The email says 'Please call the store prior to your visit to ensure that the Proprietor is available to help you with your purchase'. Hopefully there won't be any hassle claiming it.
Typically…
Auction: Buyers bid. Highest bid wins and pays for item.
Reverse auction: Sellers bid. Buyers choose [lowest] bid.This 'reverse auction', however, is gambling.
I don't mind TGG doing it like this as its free to bid. Other 'reverse auctions' require you to pay per bid you make. THAT's the dodgy one.
FYI, the winning bids:
Item Value Bid Delonghi coffee machine $279 $90.50 Bosch dishwasher $1144 $260.50 Electrolux vacuum $298 $85.50 LG 422L fridge $699 $131.00 Navman EZY200 GPS $149 $80.50 Samsung 50" LED TV $1049 $290.50 Sharp 1100W microwave $149 $74.50 Electrolux 5kg dryer $389 $106.50 Canon 1100D twin-lens kit $645 $130.00 Breville food mixer $249 $84.00 Sony PS3 $288 $92.50 Sony 55" LED TV $1097 $270.00 Asus F202 notebook $488 $140.50 Fisher & Paykel 8kg washer $669 $119.00 Asus Nexus 7 tablet $317 $80.50 Teac iPod speaker dock $188 $82.50 Guessing nobody here won? Congrats to those that did, if they exist :-)
I thought maf101 won the Samsung 50"?
I only bid on 3 items. All far below the winning price. I guess most OzBargainers would suffer the same problem — bidding too close to the reserve value :P
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i seem to recall there were lots of disgruntled people last time