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I agree. This is "like" a charity auction. My pops has a non profit organization. He used to have these all the time. He would pull in an average of 1.5mil for 1k in crap. His celebrity auctions were bananas. A local older lady went for 900K. Her family owns half of Houston. All the winning bidders would get was a handshake from the celebrity and a thanks. I never understood it then but I do now.Originally Posted by djuzi05
Exactly what I was going to say. These highbids are not from sneaker heads, just people with money that want to donate to the cause. I'm sure their priority isn't to get their size at the lowest price possible.Originally Posted by kobeoverbron
I don't think that is the case though. This is a charity auction let's not forget. So some people. celebs/athletes WILL DROP CASH FOR THE CAUSE.Originally Posted by Mugen EP
Mostly last minute bids.
I dont recommend a high proxy bid because you could get locked into a specifc pair which could cause you to pay more than fair market value. I had posted this earlier but I will post again.
On Day 2 a pair of Size 11's for example, the top pair sold for $10,200 while the remaining 29 pairs sold for an avg of $4,399.23. Looks like a couple of guys just kept going at it over that specific pair and the "winner" ended up paying much higher than avg market value. Don't end up being that guy.
This means that if I'm Steve Nash and I want to help the MJF's charity, I would bid MY DONATION and hope that it wins. He might have a second
ebay account come at him to drive the price up.
I refuse to believe that there's a moron on ebay who'll pay more for a single item when there's 20 pairs with a lower value. It makes no sense.
I want to believe that there's a smart guy who wants to donate money than a dumb guy who accidentally paid 3x the going rate when there's 29 other pairs
available.
With that said, great job on the graphs Mugen. I also agree with the reverse bell curve. I do think people will start to panic buy these bad boys on the last
days of bidding.