5 ms·

I love how it lists that a lunch with pg has an estimated value of $500. I'm sure that many in our community would gladly pay 10x+ for an hour of his advice.

ckluis 14y ago
If Paul offered lunches everyday for $500 he could probably have his time filled everyday.
- deleted 14y ago
  [deleted]
sbisker 14y ago
When bidding more than the "estimated value", the winner can write off the difference between the value and their bid as a tax deductible donation. So that's one reason to not go too crazy with the valuation - a more reasonable market valuation can actually make the winning bid less expensive for the winner.
localhost3000 14y ago
waaaait just a minute, you would pay five thousand dollars for an hour's worth of advice from paul graham (or anyone, for that matter)??? when i saw the price tag i thought, "shoot, must be a nice restaurant."
- andr3w321 14y ago
  Lunch with Warren Buffet went for $3.5 mil. http://www.cbsnews.com/8301-500395_162-57449980/lunch-with-warren-buffett-auctioned-for-$3.5m/ http://www.cbsnews.com/8301-500395_162-57449980/lunch-with-w... It would not surprise me to see this go for $10-$25k.
btilly 14y ago
There is an amusing catch-22 here. In order to pay him what his advice is worth, it helps to have taken his advice so that you have that much money to spend on the advice. :-)
- huhtenberg 14y ago
  Unless a bunch of people chip in and a single representative will attend with a laundry list of questions :)
wamatt 14y ago
While I cannot hazard a guess to intention, a lowish estimated price is beneficial in at least two ways: 1) Put's more heads through the auction house door. One group could be searching for a bargain while another group benefits from increased perceived affordability (even if it ultimately ends up being illusionary). More bidders on the floor drive competition and maximize the closing price. 2) Allows others to feel the item is undervalued, and hence provides an opportunity for positive comment. If most said it was overvalued, that would create negative commentary and hence an undesirable perception of the brand (PG is this instance). If priced according to what the market roughly perceives as accurate, it generates less discussion, or action.

ckluis 14y ago

If Paul offered lunches everyday for $500 he could probably have his time filled everyday.

deleted 14y ago
[deleted]

sbisker 14y ago

When bidding more than the "estimated value", the winner can write off the difference between the value and their bid as a tax deductible donation. So that's one reason to not go too crazy with the valuation - a more reasonable market valuation can actually make the winning bid less expensive for the winner.

localhost3000 14y ago

waaaait just a minute, you would pay five thousand dollars for an hour's worth of advice from paul graham (or anyone, for that matter)??? when i saw the price tag i thought, "shoot, must be a nice restaurant."

andr3w321 14y ago
Lunch with Warren Buffet went for $3.5 mil. http://www.cbsnews.com/8301-500395_162-57449980/lunch-with-warren-buffett-auctioned-for-$3.5m/ http://www.cbsnews.com/8301-500395_162-57449980/lunch-with-w... It would not surprise me to see this go for $10-$25k.

btilly 14y ago

There is an amusing catch-22 here. In order to pay him what his advice is worth, it helps to have taken his advice so that you have that much money to spend on the advice. :-)

huhtenberg 14y ago
Unless a bunch of people chip in and a single representative will attend with a laundry list of questions :)

wamatt 14y ago

While I cannot hazard a guess to intention, a lowish estimated price is beneficial in at least two ways: 1) Put's more heads through the auction house door. One group could be searching for a bargain while another group benefits from increased perceived affordability (even if it ultimately ends up being illusionary). More bidders on the floor drive competition and maximize the closing price. 2) Allows others to feel the item is undervalued, and hence provides an opportunity for positive comment. If most said it was overvalued, that would create negative commentary and hence an undesirable perception of the brand (PG is this instance). If priced according to what the market roughly perceives as accurate, it generates less discussion, or action.