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Open Auctions: Everything You Need To Know

New YoVille Trend: YoVille AuctionsOpen Auctions; we’ve all seen them listed in events, and many of us have even gone to them ourselves, but what exactly are they and just where on earth did they come from?

I’m glad you asked because we here at YoRehab just happen to have the answers to those questions and many more regarding the phenomenon of the rising occurrences of this new trend. So get comfortable and allow us to explain to you all everything you need to know about open auctions.

In October 2010, 2 women were discussing ideas about their vastly growing auction group.  Yes, it seemed that daily their auction group was getting bigger and bigger with more people wanting to go to auctions, or have one themselves.  It was getting to the point where there were just too many people that wanted to sell that there weren’t enough hours in the day to schedule each individual’s auction and people were getting upset.  These two women thought and thought about a way that they could keep everyone involved and more so keep every individual in their group happy. Suddenly like a light bulb coming on these two women thought “OPEN AUCTION” that’s the answer.  Their idea was to setup one room where the people that wanted to buy, could buy and the people that wanted to sell could sell.  Since the beginning, the idea has been to group sellers on one side of the room and buyers on the other so players could distinguish one from the other.

This concept didn’t take much time at all to catch on, and when it did, it spread like wildfire destroying all other non-private auctions that were in its path. One person told his/her friend and another person told his/her friend and so on until what YoVillians were left with was the system that we have today.  Open Auctions have largely taken over the idea of a one-person auction. So much so that many people no longer recognize auctions without the word open in front of it.  I’ve personally seen it happen where Yovillians forget what type of auction they are attending and become overwhelmed with the desire to sell an item and therefore they shout out the name of an item, along with reserve only to be harshly reminded that this is NOT an open auction and how dare they try and sell.  Of course if that is to happen, it’s often times also accompanied by a swift kick in the derriere resulting in that poor person finding himself standing outside of Alton Towers wondering what in the world happened.

However, if you should find yourself wanting to check out one of these events, here is a quick run down on how they operate as to avoid confusion:

The owner sets up his/her auction room by placing approximately 15-20 chairs of one color in one space. This location then becomes the buyers’ area. After that the owner places approximately 8-10 chairs of another color in a line that is often times slightly segregated from the buyers’ area.  When this is all setup, the owner then finishes with the que de gras, the sellers’ chair, from which all of the action takes place.  One by one, the line of sellers begin to take their turn in the hot seat trying to get the most they can for the piece they wish to sell, while simultaneously the buyers try to get the object of their desire for the lowest price possible.

Now that you are familiar with what an open auction is, and how one is both ran and attended lets go through a few pros and cons of either attending or selling at one:

Pros:

  • The chance at buying the items you’re looking for at a reduced price.  For example, just last week I saw a 09 male cupid costume sell for 250,000 coins that has a list price of 400,000-500,000 coins.  Purchasing at the 250,000 coins price and selling at or around 400,000-500,000 coins is certainly worth my 15-20 minutes to sit through an open auction, I don’t know about yours!
  • Each owner usually refreshes his/her listing every 20-30 minutes, so generally there are new sellers, with new items at each new turn.
  • At a good open auction you will see a diverse crowd of both bidders and sellers.  These are people that may have never met if not for this auction taking place. You never know, you could meet your new best friend, join a club, or even fall in love with someone you encountered just by walking into an open auction one day.

Cons:

  • We’ve all seen them we know they’re out there lurking in the shadows of this game.  We all hope that one day it won’t happen to us, until one day it does.  You find the item you’ve been searching for, a seller has it up for bids, you’re bidding your YoHeart out, and you win.  For a moment, excitement fills the air, you’ve won and not only that you’ve gotten this object of your desire for cheaper than you’ve planned on paying.  The next thing you know, that person vanishes and you’re left with nothing. There is a higher chance of this happening at open auctions, so you do have to be prepared for that to happen.
  • At a regular auction, the seller may have not have a desired price for their item (known as a reserve), or if he/she does it will be a small amount because he/she expects the bidders will end up bidding about what the auctioneer would have wanted.  Many times in an open auction, this is not the case. Often times, in an open auction you will find the reserves being set at a much higher price because the seller isn’t comfortable with the others in the room and what’s to get out of the item what they feel is fair and just.

So there you have it, there’s reasons to both love and hate open auctions.  There’s even plenty of reasons that one may feel conflicted between the two extremes. Either way, no matter which of the two extremes you feel you can’t avoid noticing the obvious rise of these types of events.  So we at YoRehab want to know how you feel, do you love them? Hate them? Have you ever been to one? Share your thoughts and experiences with us in the comment section below.

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