Land prices on the rise yet again?
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CalvinRichard Klein
Registered User
Join date: 21 Sep 2004
Posts: 160
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10-11-2005 06:58
https://secondlife.com/auctions/detail.php?id=0026197502Selby (93,113) - 5200 m2 Item Number: 0026197502 Current Bid: US$ 2223.00 Time Left: 11 hours 6 mins Ends: 2005-10-11 18:00:00 History: 17 bids High Bidder: Identity Protected That was cut straight from the auction page, I went and took a look at the land.. what is so special about it?
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Kevn Klein
God is Love!
Join date: 5 Nov 2004
Posts: 3,422
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10-11-2005 07:33
Maybe it's land right next to a hub and on a road... but even so, it's still 10x what it should be. Maybe the bidders thought the were bidding in L$ rather than US$. hmmm
I have a 1024 in Selby on the road... bids? lol
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Elex Dusk
Bunneh
Join date: 19 Oct 2004
Posts: 800
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10-11-2005 07:38
Based on the current exchange rate (L$263 = US$1) at the LindeX that's L$583,346 (US$2,223) for the parcel you mentioned. Or a little over L$112 per square meter. Off the top of my head I'd guess the high bidder(s) thought they were placing their auction bid in Linden dollars, not US dollars.
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Cory Edo
is on a 7 second delay
Join date: 26 Mar 2005
Posts: 1,851
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10-11-2005 07:40
From: Elex Dusk Off the top of my head I'd guess the high bidder(s) thought they were placing their auction bid in Linden dollars, not US dollars. Oh maaaaaaaans....I can imagine the sinking feeling in that person's gut when they realized all that cash was coming out of their credit card and not their $L balance.
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Margaret Mfume
I.C.
Join date: 30 Dec 2004
Posts: 2,492
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10-11-2005 07:41
Looks more like bidding for a whole sim, excluding the bids under $1000.
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CalvinRichard Klein
Registered User
Join date: 21 Sep 2004
Posts: 160
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10-11-2005 07:42
And i bet they think they are getting a bargain right now.. 5200m for only 2,200L dollars lol
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Margaret Mfume
I.C.
Join date: 30 Dec 2004
Posts: 2,492
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10-11-2005 07:45
Maybe they can take it back to the store and exchange it for a larger size since this one is too small.
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DogSpot Boxer
vortex thruster
Join date: 23 Aug 2005
Posts: 671
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10-11-2005 07:49
Is there any way to contact the bidder and let them know.
If I were the seller, I'd certainly set them straight.
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Cory Edo
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Join date: 26 Mar 2005
Posts: 1,851
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10-11-2005 07:54
From: DogSpot Boxer Is there any way to contact the bidder and let them know.
If I were the seller, I'd certainly set them straight. The seller is LL themselves sweet pea, and I'm pretty sure they state somewhere to check what currency you're bidding with...but I'm not sure if they let people off the hook if they goof up or just decide they don't want to buy the plot. I haven't bought land at auction in like a gazillion years so I'm not up on what LL will or won't let you get away with. Anybody know?
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Margaret Mfume
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Join date: 30 Dec 2004
Posts: 2,492
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10-11-2005 08:01
On previous occasions such as this one where an obvious err in bidding has occurred, a new auction was set for the parcel.
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MJ Hathor
Purple Butterfly
Join date: 17 Mar 2005
Posts: 901
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10-11-2005 08:02
From: Cory Edo The seller is LL themselves sweet pea, and I'm pretty sure they state somewhere to check what currency you're bidding with...but I'm not sure if they let people off the hook if they goof up or just decide they don't want to buy the plot. I haven't bought land at auction in like a gazillion years so I'm not up on what LL will or won't let you get away with. Anybody know? Yes, this has happened before, in fact several times before and I am pretty sure that the bidder is let off the hook persay. MJ  Edit: Marg beat me to it hehe |
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CalvinRichard Klein
Registered User
Join date: 21 Sep 2004
Posts: 160
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10-11-2005 08:05
They will have to pay a restocking fee if i remember correctly.. i think its like 10-20%
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Kevn Klein
God is Love!
Join date: 5 Nov 2004
Posts: 3,422
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10-11-2005 08:08
Ouch, a US$440.00 restocking fee... yikes!
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Margaret Mfume
I.C.
Join date: 30 Dec 2004
Posts: 2,492
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10-11-2005 08:13
That fee hasn't been applied in this type of situation due to the inflated amount of the service fee I'm sure. The fee is meant to deter occasions of auction winners having second thoughts.
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