Draft idea: Silent auction

[weldone]

sent

 

[AndrewB]

I can confirm I've had (valid) bids so far from ankitj, Himannv, weldone and marc71178.

 

[Red]

Sent.

 

[AndrewB]

Sent.

You haven't used all your $1,000,000 in your bids. (I'm not sure if that was a good rule to have, but since the other bidders have followed it I think we have to stick with it).

 

[oblongballs]

sent!

 

[AndrewB]

sent!

Please check your bids - I think they only total 985,000

 

[kingkallis]

Sending in an hour or two

 

[oblongballs]

Please check your bids - I think they only total 985,000

oops, I'll resend that

 

[harsh.ag]

Sent.

 

[AndrewB]

kingkallis, harsh.ag and oblongballs entries all confirmed.

Still waiting for Red Hill to re-send with bids totalling $1 million, and mr_mister and Firebreaker to bid. (And if anyone else wants to enter, they're still welcome to).

 

[jimmy101]

This is going to be an interesting one to spectate on. Good luck lads

 

[AndrewB]

Incidentally, once all the bids for Round 1 are in and the round is complete, should I should reproduce them here in full, or just report who everyone has bought and how much they've spent in total, or... ?

 

[ankitj]

I think only who are the players allotted and to whom. Bid amounts, prices and current balance of each drafter need not be revealed.

Edit: **** grammar previously.

 

[ankitj]

BTW, there is another modification that can be done. You charge a drafter with highest bid for a player not his actual bid, but $1 more than the second bid. So if a player got 2 bids $10,000 and $50,000 the latter bid wins but has to pay only $10,001. This is how auctions for online ads work, it makes good sense.

 

[marc71178]

BTW, there is another modification that can be done. You charge a drafter with highest bid for a player not his actual bid, but $1 more than the second bid. So if a player got 2 bids $10,000 and $50,000 the latter bid wins but has to pay only $10,001. This is how auctions for online ads work, it makes good sense.

No way. People pay what they bid or you could just go big on someone and get him dirt cheap if nobody else bids for him.

 

[weldone]

BTW, there is another modification that can be done. You charge a drafter with highest bid for a player not his actual bid, but $1 more than the second bid. So if a player got 2 bids $10,000 and $50,000 the latter bid wins but has to pay only $10,001. This is how auctions for online ads work, it makes good sense.

No way. People pay what they bid or you could just go big on someone and get him dirt cheap if nobody else bids for him.

I can confirm that auctions in real world work in both ways (including how ankit described).

But it will be unfair for this draft to follow Ankit's method, because drafters didn't know the rule (and could have employed a different strategy if they did). So, I would suggest sticking to the original rules. [unless we get time to change our bids]

 

[AndrewB]

This draft is following the rule of "you pay what you bid" (assuming you're the highest bidder, of course), not the variant mentioned above (interesting though it might be).

 

[ankitj]

Cool.

Some other day we can use other approach in another draft. Could be interesting.

 

[Firebreaker]

Are uncapped players eligible for draft?

 

[Himannv]

Incidentally, once all the bids for Round 1 are in and the round is complete, should I should reproduce them here in full, or just report who everyone has bought and how much they've spent in total, or... ?

I think you should just report who everyone bought, the winning bid for each player, and how much each person has left. The failed bids are unnecessary.