A Brand New Bavaria 33 Yacht for Under £1,000?

Norman_E said:
Edit. I see that you can win with a free bid, but only if you have a paid for one, so how many free bids can you make for each one you pay for? This can only really work for its promoters if enough bids are paid for. On this "auction" it would take 9,000 plus bids at £10 each (if that is the price) or 18,000 plus at £5 to break even. I cannot imagine even 9,000 people bidding, so I expect that this business is driven by getting a smaller number of people to put in multiple paid bids.
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I think you're right. Has anyone dared to sign up (false identity and email address would seem sensible precautions) to find out how much a paid bid costs?
 
Signed up (not my normal email)
Bid price is £10.30 per bid so a max potential return to the organisers of £963,050 = 10 x potential cost or more because they also have a cop out that says if there is no unique bid then the person that lead the leader board the most times is the winner
Only one person has put a paid for bid in
This bid is between 934.50 and 935.00
And strangely the little ticking clock which infers that the there was only 20 minutes of biddding left has now disapperared!
I would guess this "auction" will go on for some time

Cheers
Nick
 
Actually the potential return figure of £963,050 quoted above appears to be nothing more than the combined cost of all the different bids that could be made, but a bidder would not know that his bid matched one already made until he placed it, so any number of people could bid the same amount, meaning that the potential take from this form of gambling is unlimited, given that we are not told when the bidding will end. For all we know that will only be when there is a single price between a penny and the maximum that has not had two or more bids.
 
There is nothing to prevent the organisers knowing the state of bids, thus nothing to stop one of them (or their associates) making the "right" bid at the right time, so the innocent (gullible?) punter has no prospect of "winning", unless the organisers are infeasibly honest.

He is almost guaranteed to lose the cost of his paid bids at £10.30 each. I doubt he will have any rights under sale of Goods or any other acts. Thius will have been carefully constructed to fall in the gap between auction sales and gambling.
 
chewi said:
He is almost guaranteed to lose the cost of his paid bids at £10.30 each. I doubt he will have any rights under sale of Goods or any other acts. Thius will have been carefully constructed to fall in the gap between auction sales and gambling.
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Agreed. I think it has been designed to be a "game of skill" although with such complicated rules that winning seems nearly impossible.
 
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JumbleDuck said:
... I would leave it here as a warning to anyone tempted by this remarkable opportunity.
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I'd go with that suggestion cos I can show he has lied in open forum. He says "I saw this 'new craze' on the TV News and wondered if anyone had tried it yet. It seems to be some new kind of auction where you can't bid any more than £1,000 for a new Bavaria 33 Yacht. It's obviously a genuine offer as it was on the News as the latest buying craze, but it still seems too good to be true. I'm thinking of having a go, but wondered if any other member has first"

and elsewhere he says "Julian Chappell - Get all the latest must have items at silly prices! - Great Britain - I have just launched this great web site with auctions for must have items..."

and on the forum here Julian also says "Thanks for the comments. All very negative I see. No mention of how great it would be to make over £90,000.00, which is what attracted me!
encouragement.png
(I looked for a 'greedy' smiley but couldn't find one!)


So Hi Julian - you've been rumbled as a fraud pretending to show genuine interest but you are the site owner just trying to promote yourself. Best you move along somewhere else.
 
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all@sea said:
I saw this 'new craze' on the TV News and wondered if anyone had tried it yet. It seems to be some new kind of auction where you can't bid any more than £1,000 for a new Bavaria 33 Yacht.

It's obviously a genuine offer as it was on the News as the latest buying craze, but it still seems too good to be true. I'm thinking of having a go, but wondered if any other member has first.

Bavaria Yacht - Bavaria 33 Cruiser Yacht for less than £1,000
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What a complete load of b0ll0cks! What news has this appeared on? Crime watch?
 
It is usually a fixed fee for each bid, so say £1 for a 1p bid, so £1,000 actually = 100 £1,000; that's quite an expensive Bavaria.
 
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