Reading tea leaves in lot tracking statistics
TommyType
Posts: 4,586 ✭✭✭✭✭
I’m selling a pile of “stuff” on Great Collections. Mostly slanted toward the category of “junk”, so don’t expect me to advertise it here. Few here would be interested, and I see no reason to publicize my early wanderings through the coin world, and already “upgraded” material. 
And, heck, if you are really interested, you’ll find it on your own, anyway....
But, I’m having "fun" looking at the “page view” and “tracking” statistics on my lots, trying to make sense out of them.
- Many page views, no one tracking...must be a popular coin/grade, but this one may be of lower quality than usual. Might never sell...
- Few page views, but several people tracking...niche item that is drawing interest! I should expect bids soon...maybe even a bidding war, dare I hope!
- Early bid. I have a bite! Hope someone else comes along to chase it up...
- No page views....well, I just added to the dreck, I guess.
- All 5 of my $1 start lots already have 1 bid....Help, I’m being robbed!!
Of course, 11 days out, it all means nothing...I’m just having fun. Personally, as a bidder, I don’t even look at the auction lots until 5 or 6 days out, and only bid in the last 2 or 3 days. And I track a whole lot more items than I’m REALLY interested in bidding on. (Gathering price information, seeing how a certain look sells, trolling for the often-wished-for-seldom-seen bargain, gauging popularity of possible future buying interests, tracking a coin exactly like one I own for comparison, etc.)
But, it brought up a question in my little head: How do MOST people treat the “track lot” function?
- Do some avoid tracking, so as to minimize and hide their level of interest?
- Are you a “one look, and done” person? If you don’t bid now, it ain’t gonna happen?
- What percentage of all lots you track are really on your bid list?
- If not considering bidding, what trips your desire to track a lot?
- And, when do YOU bid? (i.e., although I haven’t witnessed it much, is last minute sniping common at GC?)
It may be all in fun now....But I know I’ll be nervous when we get to the final few days. I intentionally lobbied for low starting bids....I want to turn them into cash with minimum fuss. So now, I’m stuck between being excited, and feeling sick.
And, heck, if you are really interested, you’ll find it on your own, anyway....But, I’m having "fun" looking at the “page view” and “tracking” statistics on my lots, trying to make sense out of them.
- Many page views, no one tracking...must be a popular coin/grade, but this one may be of lower quality than usual. Might never sell...
- Few page views, but several people tracking...niche item that is drawing interest! I should expect bids soon...maybe even a bidding war, dare I hope!
- Early bid. I have a bite! Hope someone else comes along to chase it up...
- No page views....well, I just added to the dreck, I guess.
- All 5 of my $1 start lots already have 1 bid....Help, I’m being robbed!!
Of course, 11 days out, it all means nothing...I’m just having fun. Personally, as a bidder, I don’t even look at the auction lots until 5 or 6 days out, and only bid in the last 2 or 3 days. And I track a whole lot more items than I’m REALLY interested in bidding on. (Gathering price information, seeing how a certain look sells, trolling for the often-wished-for-seldom-seen bargain, gauging popularity of possible future buying interests, tracking a coin exactly like one I own for comparison, etc.)
But, it brought up a question in my little head: How do MOST people treat the “track lot” function?
- Do some avoid tracking, so as to minimize and hide their level of interest?
- Are you a “one look, and done” person? If you don’t bid now, it ain’t gonna happen?
- What percentage of all lots you track are really on your bid list?
- If not considering bidding, what trips your desire to track a lot?
- And, when do YOU bid? (i.e., although I haven’t witnessed it much, is last minute sniping common at GC?)
It may be all in fun now....But I know I’ll be nervous when we get to the final few days. I intentionally lobbied for low starting bids....I want to turn them into cash with minimum fuss. So now, I’m stuck between being excited, and feeling sick.
Easily distracted Type Collector
0
Comments
I do the same thing. I'll bid on a coin early that i have no intention on buying just to see what that hammer might bring. I do this for a number of reasons.
Joe.
I have a search set-up for the coins that I would be interested in buying. I look at each coin in the search and decide if I would buy it. If I would buy it, I will track it or put in a very small bid (much less than my max) if I am able and track it that way. I also add a note with my max bid. I will snipe my max bid unless I am tied up with another activity at which point I will submit my max bid as late as possible. Sometimes the bidding is already greater than my max bid and therefore I would not make a bid. I do not reconsider my max bid.
Joe.
But something happened last night that might be of interest to GC sellers.
- I went to bed Friday night with bids on 5 of my 26 lot "yard sale". Again, with over a week to go, it's early, and I'm not worried....yet.
- Woke up on a Saturday morning to find that EVERY lot had one bid. Not a flurry of page views, or multiple added trackers. Just one bid on EVERYTHING.
I have to wonder if someone out there uses a "bid bot" to drop a token bid on any and all bargains?
Again, I asked for low opening bids, less than 50% retail, on my lots.
I'm rather happy about it. Everything WILL sell, and while I'm still hoping for more bidding activity, at least I know I have a check coming out of all of this!
Found it interesting.....
I usually token bid , and then come back sun afternoon to see where its at and bid if still interested at a price I am comfortable at paying.
Sometimes Il run an item up early just to get it going ? and this is irrelevant whether I plan to seriously bid finally or not