PDA

View Full Version : Satellite for sale on Ebay



ToSeek
2003-Nov-12, 05:17 PM
Spacedev Puts a Satellite Up for Sale on eBay (http://www.universetoday.com/am/publish/spacedev_satellite_ebay.html)

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=2572382454&category=45 046&rd=1

Grey
2003-Nov-12, 05:38 PM
Spacedev Puts a Satellite Up for Sale on eBay (http://www.universetoday.com/am/publish/spacedev_satellite_ebay.html)

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=2572382454&category=45 046&rd=1
Can we take up a collection? That's out of my price range to purchase alone, even at the starting bid price.

ToSeek
2003-Nov-12, 06:28 PM
There we go - BABBSat I!!

gethen
2003-Nov-13, 01:16 PM
We should be able to make the minimun bid if all registered users contribute about $1.50 American. And we have to pre-approved. The funds to maintain it might cost us all a bit more.

gethen
2003-Nov-13, 02:31 PM
We should be able to make the minimun bid if all registered users contribute about $1.50 American. And we have to pre-approved. The funds to maintain it might cost us all a bit more.

Whoops. That's $87.05 American. Used the wrong number the first time. So it's not such a bargain after all.

Ilya
2003-Nov-13, 04:44 PM
The minimum bid ($250,000) is already up. Note however - "reserve is not yet met". Which means that SpaceDev does not have to sell at the current bid price.

E-bay "reserve" is the lowest price at which the seller is obligated to sell the item. It costs extra to place an item for sale with a reserve, but it encourages the buyers to bid higher. The exact value of reserve is always secret - otherwise, the first bidder would simply bid the reserve and be done with it. Considering the costs of building a satellite, I suspect the reserve is at least $5 million.

SeanF
2003-Nov-13, 08:52 PM
The exact value of reserve is always secret - otherwise, the first bidder would simply bid the reserve and be done with it.

Why would you do that? Meeting the reserve doesn't end the auction - you could still be outbid during any time remaining. Also, the seller is not prohibited from selling at a lower price, either. So even if the reserve was publicized, bidders would still just try to outbid each other. If the auction ended without anybody bidding the reserve amount, the winning bidder could try and convince the seller to take his bid anyway, and only offer the reserve price if the seller refuses.

planethollywood
2003-Nov-16, 11:47 AM
i believe you don't want to create lower expectations in a cashed up bidder. If you lucky you have lots of bidder to drive an auction to a good price above the reserve. If you only have a few bidders and you have to sell , you definately don't want them knowing your reserve price, coz you'll never get any thing near the reserve price.

When you buy and sell a few houses you know the game well.

ToSeek
2003-Nov-21, 06:09 PM
Four bids but no sale. Final bid was a little over $300,000.

diddidit
2003-Nov-21, 07:06 PM
The "buy it now" price is $9.5 million...

did

kanon14
2003-Nov-21, 08:21 PM
Thousands may be able to witness your satellite returning from space in the form of a shooting star, a fireball that burns up in Earth’s atmosphere!
is that like "thousands of people would see your million dollar burning up in the atmosphere"

Amadeus
2003-Nov-24, 12:31 PM
How about we just buy it then paint the words planet X on the side and sell it to Nancy for double! :lol: