Topic: [AUCTION] BTCC artist’s proof One Bitcoin coins (five available) - page 4. (Read 2699 times)

2 @ 1.2

1.2

2 @ 1.15

So that means we can submit the same bid as someone else too because there are 5 coins right?

If that's the case I go for it.

1.15 BTC

1.2 BTC

Sorry, that was a typo. It's actually supposed to be "4. Each winning buyer pays for the coin at a price equal to the lowest of the five winning bids."

We corrected it now.

I will also be interested to know that before bidding
But if that's the case , am not sure that am interested.
I mean if i bid 1.3 btc and the last second bid is 1.8 for and for some reason i won - why would i pay extra?
that's not how multiple bidding Auction works

That would make no sense  . Paying more than you're willing to offer....

1.15

Hi BTCC_Official;

Could you please explain rule 4 further? - 4. Each winning buyer pays for the items at a price equal to the second highest bid.

Do winners 3,4,5 pay the same price as winner 2?

==========

End of Auction Update

Congratulations Blazed and Otoh for winning the auction. Please pay 1.85 BTC for each coin you won, three for Otoh (5.55 BTC in total) and two for Blazed (3.7 BTC in total). The payment address is:

1Nhd5a2knhzY1qVmKi3kDYVdiR2cgqJPdG

==========

Current 5 Highest Bids - updated through post #61.
- 2.0 - Otoh
- 2.0 - Otoh
- 2.0 - Otoh
- 1.85 Blazed
- 1.85 Blazed
   ^-------- All 5 auction winners will pay the same "lowest of 5" bid, marked here.

---

We’ve seen a lot of interest in the artist’s-proof One Bitcoin coin over the past few weeks, and are now holding an auction for the coins here. Details are as follows:

* Product Name: One Bitcoin, Artist’s Proof


* Product Description: This is a limited-edition gold-plated brass coin that we made as an artist-proof while considering material choices for the BTCC Mint One Bitcoin. This is a pre-production item. Less than 100 of these coins were made. Five coins in total will be sold. This item comes in an acrylic case and premium BTCC envelope.

***Please note that this is a pre-production item with significant blemishes, some scratches, uneven coloring, and other imperfections.****


* Bitcoin content: Loaded with 1.0 BTC, freshly mined from BTCC Pool in early 2016 (coinbase transaction)


* Specifications:

Diameter: 43 mm

Thickness: 3.50 mm  

Weight: 40 grams

Material: Gold-plated brass


* Auction Terms:

- The auction starts now and end at 3:00 PM (UTC) on Tuesday, November 29th, 2016.


- The auction will be held as follows:


1. Interested buyers should submit individual bids for the coins.

2. The bids are sorted in descending order.
(Updated with Clarification: bids of same amount will be honored on first-come, first-served basis.)

3. Buyers with the five highest bids win the auction.

4. Each winning buyer pays for the coin at a price equal to the lowest of the five winning bids.
(Updated with Clarification: this means that the highest bidder may not need to pay the amount of his/her bid, but rather just pay the amount of the 5th winning bid.  Usually, the 5th winning bid would be lower than the 1st winning bid, unless all 5 winning bids are of the same amount.)


- The starting bid is 1.15 BTC.


- The bid increment is 0.05 BTC.


- Payment is in bitcoin only. Payment details will be posted here in the OP after the auction finishes.


- No sniping! Every bid (on any coin) within 15 minutes of the end of the auctions, will extend the full auction for another 15 minutes.


- Winners will have 3 days (72 hours) to make payment.


- Shipping will take place once payment has been received.


- Free economy shipping is included. We will ship to you via China Post (Air), which takes up to two weeks to reach most destinations worldwide.


- Optional: Winners can choose to upgrade to FedEx Priority shipping, by paying an extra 0.06 BTC per coin.  This FedEx Priority shipping will reach most destinations within two days.


Good luck bidding!