With 13 minutes to go, three of the sims in auction are still really low, relative to recent sim sale prices. Congrats to those who win these low price sims today. Looks like land prices will continue their slow trend lower if some of these get relisted at the top of the for sale page.
EDIT: Whoops, the three I mentioned are not complete sims. 60k meters as opposed to 65k. Still, they are priced pretty low.
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Wow! Low auction prices now. |
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Raymond Figtree
Gone, avi, gone
Join date: 17 May 2006
Posts: 6,256
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03-14-2007 10:26
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Homer Antler
Registered User
Join date: 21 Oct 2006
Posts: 105
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03-14-2007 10:31
With 13 minutes to go, three of the sims in auction are still really low, relative to recent sim sale prices. Congrats to those who win these low price sims today. Looks like land prices will continue their slow trend lower if some of these get relisted at the top of the for sale page. EDIT: Whoops, the three I mentioned are not complete sims. 60k meters as opposed to 65k. Still, they are priced pretty low. Still it is good price for 60K land. I can't see the land to see if it is good or bad from here but I hope they are some good land. |
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Annabelle Vandeverre
Heading back to Real Life
Join date: 30 Nov 2006
Posts: 609
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03-14-2007 10:35
Well, it's nice to see that people are no longer buying land at auction for more than they can sell it for!
 I'm waiting for prices to drop more before I buy myself a sim. _____________________
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Raymond Figtree
Gone, avi, gone
Join date: 17 May 2006
Posts: 6,256
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03-14-2007 10:36
Well, it's nice to see that people are no longer buying land at auction for more than they can sell it for! I'm waiting for prices to drop more before I buy myself a sim. Very true. I would like to see a certain avatar who always pays top dollar's business model. _____________________
Read or listen to some Eckhart Tolle. You won't regret it.
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Learjeff Innis
musician & coder
Join date: 27 Nov 2006
Posts: 817
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03-14-2007 10:49
just curious, what kind of prices are we talking about?
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Magnus Vollmer
Registered User
Join date: 29 Sep 2006
Posts: 8
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03-14-2007 10:53
just curious, what kind of prices are we talking about? I am also curious about this. Anyone know? |
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Aminom Marvin
Registered User
Join date: 31 Dec 2006
Posts: 520
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03-14-2007 10:55
Protip: most of the "real" bids occur in the last few minutes. The price is not the price until the end
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Raymond Figtree
Gone, avi, gone
Join date: 17 May 2006
Posts: 6,256
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03-14-2007 10:55
the sims have just sold. Some went for the lowest since they dropped 40 sims to auction at once. Some went much higher (hope for the winners' sake they were part waterfront). See the prices and the winners here:
http://secondlife.com/auctions/closed.php _____________________
Read or listen to some Eckhart Tolle. You won't regret it.
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Raymond Figtree
Gone, avi, gone
Join date: 17 May 2006
Posts: 6,256
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03-14-2007 10:55
Protip: most of the "real" bids occur in the last few minutes. The price is not the price until the end The cheap ones did not see any last minute action.  _____________________
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Aminom Marvin
Registered User
Join date: 31 Dec 2006
Posts: 520
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03-14-2007 10:57
I see. Still, the lowest priced sim went for around L$11 per meter... so figuring in tier, fees, and profit, the lowest price it will sell for will be 12.something, which is where the market is now
Effect on lowering current prices: little to none  Unless they wish to take a loss... |
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Raymond Figtree
Gone, avi, gone
Join date: 17 May 2006
Posts: 6,256
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03-14-2007 11:01
I see. Still, the lowest priced sim went for around L$11 per meter... so figuring in tier, fees, and profit, the lowest price it will sell for will be 12.something, which is where the market is now Effect on lowering current prices: little to none Unless they wish to take a loss...Can you show me how you calculate that and convert the sale price to a price per meter? As you know, my math skills are lacking... _____________________
Read or listen to some Eckhart Tolle. You won't regret it.
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Aminom Marvin
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Join date: 31 Dec 2006
Posts: 520
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03-14-2007 11:18
I just multiplied the $US price by 266 (the current exchange rate for L$) and divided by the area of the land to get L$/meter. This does not include tier, the 3% fee, or profit.
so ($2490.00*L$266/$US)/60160m^2= L$11.05/m^2 If you add in tier fees and 3% cashout fees you get L$12.4/m^2... |
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Homer Antler
Registered User
Join date: 21 Oct 2006
Posts: 105
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03-14-2007 11:22
I see. Still, the lowest priced sim went for around L$11 per meter... so figuring in tier, fees, and profit, the lowest price it will sell for will be 12.something, which is where the market is now Effect on lowering current prices: little to none Unless they wish to take a loss...I think we will see a small drop in land prices. Maybe to a level of 11.75 unless this auction winner decides to sell it at market price to keep the prices up. |
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Raymond Figtree
Gone, avi, gone
Join date: 17 May 2006
Posts: 6,256
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03-14-2007 18:54
We are at 11.5. I think there is something missing to this math, because there is no reason for anyone to list at a loss. Anyone who has bought sims recently want to chime in? Elanthius?
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Dnate Mars
Lost
Join date: 27 Jan 2004
Posts: 1,309
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03-14-2007 19:15
If you can flip 2-3 sims a month, one right after the other, then you only pay the $195 tier for the month. Also, there is the 10% group bonus. So for every 10 sims you own, you get one free.
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Elanthius Flagstaff
Registered User
Join date: 30 Apr 2006
Posts: 1,534
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03-14-2007 22:52
I just multiplied the $US price by 266 (the current exchange rate for L$) and divided by the area of the land to get L$/meter. This does not include tier, the 3% fee, or profit. so ($2490.00*L$266/$US)/60160m^2= L$11.05/m^2 If you add in tier fees and 3% cashout fees you get L$12.4/m^2... Multiply that by 1.035 to cover the currency conversion cost. |
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Elanthius Flagstaff
Registered User
Join date: 30 Apr 2006
Posts: 1,534
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03-14-2007 23:03
Oh also, only one of last night's sims was bought by anyone I've ever heard of. I'd say the other buyers are either planning on keeping the sims or if they're trying to flip them then they're either stupid or so smart even I can't understand it.
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Ged Larsen
thwarted by quaternions
Join date: 4 Dec 2006
Posts: 294
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03-15-2007 03:59
If you can flip 2-3 sims a month, one right after the other, then you only pay the $195 tier for the month. Also, there is the 10% group bonus. So for every 10 sims you own, you get one free. Out of curiosity, how do the tier levels go up, if you own beyond 512 sqm (free from premium) + 65,536 sqm ($195/month)? Does the tier structure just repeat, or do you pay increased tier at the lower per sqm whole-Sim tier levels? _____________________
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Elanthius Flagstaff
Registered User
Join date: 30 Apr 2006
Posts: 1,534
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03-15-2007 04:02
Out of curiosity, how do the tier levels go up, if you own beyond 512 sqm (free from premium) + 65,536 sqm ($195/month)? Does the tier structure just repeat, or do you pay increased tier at the lower per sqm whole-Sim tier levels? $97.50 per additional half sim going as high as you like. |
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Stephen Zenith
Registered User
Join date: 15 May 2006
Posts: 1,029
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03-15-2007 10:03
Of the sims that went last night, 3 don't appear to have been paid for yet. One has been paid for and not claimed, and one is owned by the runner up in the auction.
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Conifer Dada
Hiya m'dooks!
Join date: 6 Oct 2006
Posts: 3,716
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03-15-2007 10:52
The macro is reflected in the micro! A 16m baronet is selling plots below 200L$. I nearly bought some to flip but thought 'no' only to stand by and see someone else do it!
The cheapest 512m plots a few mins ago were 6000L$ exactly. |
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Raymond Figtree
Gone, avi, gone
Join date: 17 May 2006
Posts: 6,256
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03-15-2007 13:00
Of the sims that went last night, 3 don't appear to have been paid for yet. One has been paid for and not claimed, and one is owned by the runner up in the auction. Stephen, where can you see this data? _____________________
Read or listen to some Eckhart Tolle. You won't regret it.
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Elanthius Flagstaff
Registered User
Join date: 30 Apr 2006
Posts: 1,534
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03-15-2007 13:10
Laurier is pretty shocking. My calculations show he paid 12.02/sqm for the sim and is now selling it at 11.92/sqm.
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Stephen Zenith
Registered User
Join date: 15 May 2006
Posts: 1,029
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03-15-2007 13:18
Stephen, where can you see this data? I went to all 8 sims. In 3 of the cases, the land was still owned by Governor Linden and hadn't been set for sale (at 0L) to anybody. In one further case it was set to the winner (which means it has been paid for) but hadn't yet been taken by them, presumably because of tier. It may have changed since I did my previous post, of course. _____________________
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Sly Spicoli
just playing life...
Join date: 6 Mar 2006
Posts: 93
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03-15-2007 13:56
If you can flip 2-3 sims a month, one right after the other, then you only pay the $195 tier for the month. Also, there is the 10% group bonus. So for every 10 sims you own, you get one free. Hi Dnate, Can you explain how the group bonus works, I wasn't able to find any info on it. Thanks |