I finally won a stupid fb raffle!!!
- Thread starter Srt4eric
- Start date
It was $10 for a spot and this raffle had 10 spots available. So dude made $100 on a coral her was trying to sell last week for $80. I got 3 spots for $30.
@anthonyvyeda with California Reef Co does them a lot on fb. He usually raffles off some pretty high end pieces.
max_nano
Supporting Member
I’m not a big fan of raffles where the total is higher than the value of the coral. I suppose that could be a safety net for the seller in case they can’t sell all the raffle spots?
But when it is the price just divided by the amount of tickets it’s a nice way to give people a chance to get a special piece without spending too much, kinda a win-win.
But when it is the price just divided by the amount of tickets it’s a nice way to give people a chance to get a special piece without spending too much, kinda a win-win.
Isn't the price of the coral just what someone willing to pay for it?
Congratulations, man!
max_nano
Supporting Member
Yeah. It would be interesting to know what the markup for raffles can be, cause that’s a good point. I’m sure people are willing to pay more than 10% listed price for a 1:10 chance of winning. But then there are less buyers that are willing to make the gamble. So it’s a balance between a higher potential total sale price and a smaller market of buyers.
I like the auctions that start at $1, aquasd does them often. I just set my WTP as the max bid and see what I win. Congrats on this elegance though, it looks amazing. When do you expect to receive it?
It's on the sand. Should I put it in a shadow on the sand?
I have had the best luck with elegance corals when keeping them under 100 par and light flow. That's just my experience with them though.
LMFAO, I was wondering why you stopped entering my raffles congrats!!