Finally, I’m back blogging again, because it’s finally up.
For the last 18 months or so, I’ve been working on exploiting a new
type of auction logic (patent pending). When none of the big players
nibbled, I decided to go and build the thing myself (by myself I mean
me and the amazing Michael Dinowitz, the guy who wrote the book on ColdFusion (actually, I think he wrote about six, but who’s counting?))
The results are now up at http://www.lotauctions.com.
The observant among you have already seen the banner ad in the sidebar.
How does a LotAuction work, exactly? Have you ever had a collection of
things that you wanted to sell, but you didn’t know if you’d make
better money selling the collection in individual pieces, or as a
whole? This kind of thing happens a lot in online auctions, and before
LotAuctions came around, there wasn’t a good answer for that kind of
problem.
For example, you might have a comic book miniseries consisting of four
issues. Issue number three was written by Stephen King, so it’s
especially valuable. Do you get the best price by selling the series as
a whole? Or will you get a better price by selling each issue
individually, and hope that the Stephen King Issue sells for a high
price? You don’t know in advance- that’s why you have the auction in
the first place.
With LotAuctions, you can choose to list your series both as a
collection and as four separate items, at the same time. This way,
bidders can make the choice for you — and no matter what, you’re
getting the best deal. Buyers get a break on bulk or the ability to
cherrypick, and seller maximize the money they can make.
In addition to our lot-grouping software — something not currently
offered by any other online auction company — LotAuctions has
attracted attention for its anti-sniping overtime bidding feature, our
volume rebates and lack of listing fees, and one heck of an affiliate
program.
Take a look and have fun. Reasonably soon, large hunks of my comic
collection will be going live, and there’s at least one defunct comic
store that’ll be putting their complete inventory online…