Clothe Stowe: 240 Days Wearing Logo T Shirts

I have created the ebay auction for the Clothe Stowe project, which will go live at 12pm noon PT Wed Apr 19:

eBay: Clothe Stowe: 240 Days Wearing Logo T Shirts (item 6052184746 end time Apr-26-06 12:00:00 PDT)

[Update: Apparently, the link only works for me, since I own the account. But it’s there.]

Make a note, set an alarm, whatever. I have already heard back from over 10 companies planning to participate. The auction is for 240 units of one day’s worth of T shirt wearing, bu please don’t bid on more than 20 days!

This will be handled as a dutch auction in eBay:

[from eBay help]

Here are some examples of how Dutch Auctions work:

• A seller has 10 pens for auction at $1 each. 10 people bid $1 for one pen each. In this case, all 10 bidders will win a pen for $1.

OR

• Let’s say that 5 people bid $1.25 for one pen each and 10 others bid $1. The minimum bid for the pen will be raised to $1.25 because demand exceeds supply. Because the $1.25 bidders bid higher than the $1 bidders, they will be guaranteed a pen. The other 5 pens will go to the earliest $1 bidders. The final price for each pen will be $1 (even though someone placed a high bid of $1.25) since all winning bidders pay the same price — which is the lowest successful bid.

It might sound complicated, but the majority of Dutch Auctions are simple: Most users win the items they bid on at the minimum asking price. However, there are some special instances you might want to know about:

If you are the lowest bidder in a Dutch Auction and you specify a multiple quantity, you may not get to purchase all that you specify. Why? Because there may be little left over after the high bidders get their share.

In other words, if the lowest bidder requests a quantity of 3 pens, she may only get one since the first 9 pens have already been allotted to the higher bidders. The only way to avoid this problem is to make sure you are not the lowest bidder!

In Dutch Auctions (Multiple Item Auctions), successful high bids are displayed when you click on the ‘High bidders’ link. The complete bidding history (including any unsuccessful bids) is displayed when you click on the ‘Bid history’ link.

Clear? Any questions? Ping me at stowe DOT boyd AT gmail DOT com.