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Old 06 February 2014, 15:39   #1521
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Can't wait to see photos and videos. Do you think she will make it to the Anglesey trip at Easter.
Probably be sold by then, you'll have to wait and ask the new owner
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Old 06 February 2014, 15:41   #1522
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Hope so, that's hope it's sold and hope it will be coming along. Should be in the contract of sale!

It's a little far to come down to KB for the day..
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Old 06 February 2014, 18:15   #1523
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Alex

I understand your logic, but I see it slightly differently.

Firstly, I would be extremely annoyed to make the highest offer under sealed bids, and then have you ask the next bidder if they wanted to increase their bid, and so on. (Maybe that's not what you meant but thats how I read your message.)

Secondly, if I were making a sealed bid, my head would be speaking and I would bid based on what I felt it was worth. If in an auction, my heart will rule my head, feeling the next bid will get it etc, I would probably be driven to bid more. I can't really see such a big gap as the thousands in your example.

I could be wrong but would have thought that to get the emotions going to push up the bidding, you need the visible bidding of an eBay type auction. I could possibly say the same about sealed bids, but in that case you are always scared of bidding too high as you don't want to overpay.

Tough call.
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Old 06 February 2014, 19:06   #1524
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Alex

I understand your logic, but I see it slightly differently.

Firstly, I would be extremely annoyed to make the highest offer under sealed bids, and then have you ask the next bidder if they wanted to increase their bid, and so on. (Maybe that's not what you meant but thats how I read your message.)

Secondly, if I were making a sealed bid, my head would be speaking and I would bid based on what I felt it was worth. If in an auction, my heart will rule my head, feeling the next bid will get it etc, I would probably be driven to bid more. I can't really see such a big gap as the thousands in your example.

I could be wrong but would have thought that to get the emotions going to push up the bidding, you need the visible bidding of an eBay type auction. I could possibly say the same about sealed bids, but in that case you are always scared of bidding too high as you don't want to overpay.

Tough call.
Thank you Neil this is exactly the type of feedback that I wanted. I have no problem in getting it wrong now as long as I don't get it wrong with the sale, after all nothing has ever been done like this before on here.

We have poured our harts and souls into this and it doesn't stop as soon as the rib if completed, the sale and how it's done is just as important
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Old 07 February 2014, 02:03   #1525
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get Bonhams to do the auction, Pope's Harley sold for a good few bob over the auction estimate
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Old 07 February 2014, 03:46   #1526
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Ok, I'm back so I'll explain things as promised...

Auctions are great but you need two people to bid to more or less the same amount to get your max sale price, for example if Mr smith bids 11k and at the last minute Mr Legend bids 18k then the rib sell for something like 11,050 so we miss out on 6,950. So we haven't maximised the sale price.

Sealed bids or best offers can be controlled by us, it can be advertised everywhere even on ebay and we can set a reserve, decide when to sell and how long they go on for. So if Mr Legend bids/offers 18k and he is the highest we then publish that 18,000 has been offered and you now have 7 days if you want to make a better offer and if that happens then Mr Legend gets another chance to up his offer so it becomes like a small auction until only one person is left. At that point the rib will be sold for the highest price possible. Everything is fair and we don't get someone come along saying I bid 25k but got it for 15k...

In my opinion the extending sealed bid method is flawed. In a normal sealed bid auction Mr Legend WILL bid the 18k because he is frightened that someone will bid higher and he will have lost the boat. But in the above method why not put in a 9k bid because if there is a higher bid (probably will be by Mr Smith) he will have 7 days to make a better offer. He could save himself anything up to 9k.

With auctions, online or real ones, people get carried away in the heat of the moment and actually bid more than they should do. A good auctioneer will whip the audience up into a frenzy of bidding and get a better price than a poor auctioneer. Maybe we could get a really good auctioneer to donate his services for free as it's for charity.

If you could get the build article out in the next issue of HMS's magazine & advertise the auction event in there that would pull in more bidders on the day, but I doubt that will happen. Maybe one of the other big circulation magazines would help. Also this is a great "good news" story which you may get national TV news to cover as they must be getting fed up with storm and flood disaster stories by now.

Macmillan must have TV & newspaper contacts they can talk to, after all getting the best price is in Macmillans interest.

Chris

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Old 07 February 2014, 03:57   #1527
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The other option is the high price high chance raffle.
That way you can get what you want for it.
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Old 07 February 2014, 04:06   #1528
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The other option is the high price high chance raffle.
That way you can get what you want for it.
I think Alex said that's classed as gambling and not allowed by Ribnet.
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Old 07 February 2014, 04:16   #1529
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This is without doubt the best SR5.4 in the world, a truly unique boat. There must be lots of wealthy boat collectors around the world that would love to own this and would pay whatever is necessary to acquire it. The problem is how to make these people aware of its existence, not just in the UK but worldwide.

Who has ideas on how to get the word around about this boat and it's build story? I suspect outside of Ribnet nobody knows about this.
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Old 07 February 2014, 04:21   #1530
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What a dilemma, I'm sure it will work out, Alex won't let it go cheap, he's got quite attached to it, more than me and I'm living with it! At the end of the day it's our boat and we can sell it anyway and at anytime we want, if we are unhappy with the way it's going it's up to us to sort it. There is more going on behind the scene than gets posted and it's been quite hard to juggle work and MacRib, before anybody jumps on Alex, spare a thought for the 250 miles he's traveled over the weekend just to come down here and get abused by me
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