And auction prices soar again

...at least for land in established sims:

https://secondlife.com/auctions/auction-detail.php?id=0026194826

https://secondlife.com/auctions/auction-detail.php?id=0026194778

"Oh yes, I'd happily pay seventy-seven bucks or more for that piece of land the size of a First Land lot".

Riiiiight.

You would?! Would you like to buy so- ooohhhh.

My question is, why do the prices SHOOT up so fast? The periwinkle one went from 5$ to 32$ in one bid and the Lozi one went from 33$ to 150$ in one bid. Doesn't anyone want land for as little money as possible anymore?

Maybe it is a failing tactic. They think, "I will bid $50 more dollars and show them I really want this land." But, it probably just draws more interest to the plot and someone is bound to bid $51. Auctions are nerve racking, lol.

Tactics or not, they'll still be the ones who'll be paying way too much in the end for something they could probably have had for less in the end. Or is it that some people just have too much real cash in their hands? *rolleyes*

i wonder if those propertys were seized from deadbeats?

Yeah, that's crazy. SecondLife is worthless. Doesn't everyone know that?

<sarcasm>
You must be a complete loser to want to spend money on something as fascinating, rich, and compelling as SecondLife when you could be .. I dunno .. go spending your money on booze or consumer items that are quickly ruining the global environment.
</sarcasm>

Someone really values what is happening here. Why can't we all be damn proud of that?

I understand what you're getting at, but IMHO you are indeed a complete loser if your financial priorities lie with a piece of computer software rather than a wife or kids. Unless you're not the marrying type of course. As I was just telling Hugh, I would gladly set my computer on fire and never talk to any of you again if that would get me a college degree, a steady job, a home, and a family.
Of course I am not trying to say that RL and SL are mutually exclusive, but when I see people throwing away thousands of dollars on virtual real estate, I have to wonder just how much money these people have. My old neighbor was literally starving herself in order to buy shallow consumer crap such as sexy underwear, pop music CDs and The Sims expansion packs. Women...

Well, if you starve yourself or in anyway hinder your rl for a game then thats no good. I would never spend money i could not afford or that would put me in a position that i would have to live without something at all and i have to have the newest best things so i can tell you now if sl came inbetween me and my rl obligiations i would drop it like a bad habit but i do not ever forsee that happening =)

Well, my friend, I certainly have all of the above. I was smart to get rich in the dot com and move to an low populated sea side town where real estate is very cheap. I now run a variety of internet business and do quite well off of 'virtual things'.

But, the fact is, even if I was just some lonely 50 year old hanging out in some sleezy hotel playing second life.. it would be the same thing.

Life is all a matter of perspective, and this is one of the truly great lessons of the modern age. And hopefully, one that SL provides as well. For me, the thought of spending money on the creative expression and collaboration of thousands of people is very very exciting. It certainly gives me a lot more sense of self respect than heading down to the local mall and spending 600$ on a leather jacket or ordering a waitress around in a nice restaurant.

Or spending 5K on a diamond ring (which i've done, UGH) when you know that the real value of such a thing is completely illusionary.

But you know what? I did it anyways, because I realised that the value of it was not necessarily what I thought it was but what my wife did, and that was all that was important to me.

It's a good lesson a lot of people don't get to have, mostly because they don't realise how virtual the price of diamonds really are, but if you ever get the chance to have it make sure you make the right choice.

When you do, I guarantee you will start to realise that 'virtual' value of SL isn't so virtual after all.

i agree with you blaze but im saying i would never give up food or living like a king to play sl if i couldnt afford both..

Obviously we should all eat properly and get excercise and not be a drain on the people around us.

i was speaking about this "My old neighbor was literally starving herself in order to buy shallow consumer crap such as sexy underwear, pop music CDs and The Sims expansion packs. Women... " - eggy lippmann

Yeah, well, the truth is I always feel guilty when I eat at nice restaurants or spend money recklessly on luxury goods built by people from impoverished nations.

I do not feel guilty buying virtual land. In fact, I feel proud.

You are well within your right to do whatever you want with your hoarde of money. I was merely criticizing people with fucked up priorities. But priorities are a characteristic of resource allocation, and when there is no scarcity, there is no need to worry about prioritizing allocation.

Well seems to me when you buy these products you are basically supporting them and you give them a job.. stop buying the products and they are without work and if they are without work then they are even more impoverished.

We're kinda hijacking this thread.

The point I was trying to make is that food/shelter aside, I think spending money on the intellectual expressions of those around us is a good thing.

This is cool, I will make lotsa of money now.

This is a function of proxy bidding. It jumped because someone else had already put in a reserved bid that is just below the new high bid.

Ah, I thought it may be something like that. Thanks for clarifying

I myself don't have any issues with people spending whatever ammount of money they want on stuff, its their money.

But I myself have certain limits, it depends on what the item in question is however, 5$ USD for a virtual shirt that I can't do much with other than wear, isn't something I'd buy. 5$ USD for a plot of land of about, hmm, lets say 1k sqm or higher that I can do anything I want with, I'd buy. 5$ usd for 512 sqm... nope.

Regardless of what your personal views and values for items are, I think its a smart idea for anyone to pay the lowest possible price on an item. I think everyone from a bum on the street to bill gates would agree that paying less is always better than paying more. Thats more what my main point was about.

Anyone want to guess how much Voti is going to go for?

Heh, loved the 'priorities' bait, its amusing when you consider that the priorities you should follow are the ones you make yourself, not what someone says is 'right'. Because...they're...your...priorities, right?

I had to point that out, since it was so obvious.

As for auctions being high, they nearly always have been, just seems to be the right mechanism for extracting maximum price. I don't do auctions for land, ever, just for that reason.