Ai auction

[Konstantin]

Colleagues note our new project .
http://artinvestment.ru/sales/index.php
For more information:

ARTinvestment.RU runs its own online auction

ARTinvestment.RU - 08.10.2013, 11:33

Website ARTinvestment.RU - Investments in art runs its own electronic trading platform - Auction AI. Regular auction of art and collectibles will be conducted through an automated auction bidding system , available at http://artinvestment.ru/sales/.

In normal mode, each online auction will last for four days. But if the rate on any lot will be done in less than 30 minutes before closing the online auction , the bidding for this lot will be automatically extended for an additional 30 minutes. At the end of the 30 minutes , if not received the new rate , an online auction will be closed , otherwise it will be extended for an additional 30 minutes. Such a regime would make trading meaningless attempts to delay rate until the last seconds before the auction closes and encourages participants to bid in comfort mode during all days of the auction .

We launched the first online auction and bidding began with the launch of 100 rubles . Put seven lots - porcelain sixties .

Realistically you can buy inexpensively if they give the other participants . Home was a glib , we did not expect. We sat looking at how the show. Look do not be lazy, if there are comments , write notes , but in a tactful manner , and that we are so nervous.

[Борис Кон]

Great idea!

[олег назаров]

Very interesting!
The morning was already looking.

[Konstantin]

I thought I would not notice a couple of days, if not the entire first mini auction, but no bids have gone from the first minute.
What does the right price.
Well let's see what comes up, and at the same time understand the real demand.

[Кирилл Сызранский]

Сообщение от Konstantin

Sitting look like the show.

There really go into all trades.

[Konstantin]

So it happened . The auction ended.
All lots are sold , the plates for 21 000 rubles. one at 27,500 , a vase for 300,000 rubles. People who bought known to us ( forum members ), I congratulate them with a bargain . Pleased that everything was in good hands .
    Statistics was also interesting :
Attended by 47 people , exactly 50%of Muscovites and 50%of towns and villages , from Vladivostok to Rostov-on- Don, and also had participants from Germany, Uzbekistan , Latvia, Georgia and Ukraine.
Healthy, who would have thought , but a risky move our low start did not fail. From Monday to start this scheme the second auction of the lots are thinking , probably will porcelain and paintings can have a try. So think hard if we do not keep such starts from 100 rubles. and all subsequent trades , not just the first two advertisements , as we had planned.

[Кирилл Сызранский]

Сообщение от Konstantin; 2801721 "

Well, think hard if we do not keep such starts from 100 rubles. and all subsequent trades , not just the first two advertisements , as we had planned.

But why? Star " $ 100 " in the future will look like an advertising trick .
With the same success can be put at the start of 1 ruble .
Yet the start should reflect a certain minimum price of the lot , in my opinion , especially in the painting .

[Konstantin]

But it makes to take part in the auction, even those who are not very much and wants.
Type - and suddenly.
And thus create a live trading situation, and everything will wait, why rush if so calm.

[Seriy]

Konstantin, you can start to put whatever is low, but it will attract the attention of the opportunity to buy at a low price , te reserve should be zero or low , and if the owner is willing to stuff it? if start low and high reserve , such a policy is , IMHO, is an annoyance.
I guess I should just have a certain number of lots of cute no reserve low starting, so they will create dvizhuhu .

[Konstantin]

Сообщение от Seriy

attract attention will be the opportunity to buy at a low price

For the cheap, or penny, or low relative to the market?
Rhetorical question so that it is easier to verify than a long discussion on this topic.