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Seems a shame that they're using the traditional auction format, meaning only the very rich will have this opportunity. Would have been much better if they'd o
by jordn 13y ago
Seems a shame that they're using the traditional auction format, meaning only the very rich will have this opportunity.
Would have been much better if they'd offered the lottery ticket style of prizeo.com, would have bought a few tickets with the off-chance of winning then.
- pc86 13y agoWhy is it a shame? I don't mean to sound snarky, but the point is to raise money for charity, so the goal is going to be to get as much money as possible. I'm not familiar with Prizeo, but I'm willing to bet it'd be tough to raise $50k+ on a lottery basis.
- badclient 13y agoI think you can definitely raise $50,000 via $5-$20 lottery tickets. Of course the legality of it may make it trickier.
- pc86 13y agoI wasn't specific in my post, I meant with Tim Cook specifically. And maybe with $5-20 that would be more possible, I was thinking something closer to "$1 = 1 vote" or something like that.
- LinaLauneBaer 13y agoAnother cool auction format used is this: The last person putting $10 in the pot wins the auction. Putting $10 in the pot will postpone the end of the auction for let's say 30 minutes. This format has been used at some of the charity auctions I visited. It was very funny... Now that I am thinking about it: Maybe it only works in real live because the moderator of the evening was very funny and motivating.
- mcintyre1994 13y agoHeh, I've seen this format on one of those "You can buy an iPad for £5" not-so-charity sites my dad tried. Very very clever business model, we often saw things going for much more than you could buy them elsewhere because people were already invested. You had to be the highest bidder for some fixed amount of time instead of the Ebay model of last second sniping, genius psychological trick.
- jordn 13y agoMight be more difficult with someone with more limited appeal (to the mainstream) like Tim Cook, but I do believe they've raised considerably more than that with their other auctions. To be clear, I don't actually know how much they've raised, which I think is a failure of the site so far; giving to charity should be transparent.