Looks like The Chip Room has an upcoming sale....
- Thread starter KingZilla
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I like them enough to participate but not enough to pay auction premiums
KingZilla
Silver Spinner
^ My thoughts exactly.
I guess the traditional format is all about having quick internet, and the auction format deep pockets (I have neither, hahah).
He’s done it at least once before. It was a smaller release, probably around 2018. Maybe the Tonks?
I don’t blame the guy at all. He’s been doing this for a lot longer than most of us have been in the hobby. It was always profitable for him, but he was always leaving money on the table. And then chip values literally tripled around 2020/21. Granted the market has since corrected itself a bit, but chips are still worth more than ever, so why shouldn’t he cash in?
He’s done auctions a few times since the brazen Indiana Grand flipping. I’m sure seeing a rack of the blaze bear claws at auction going for an absurd amount a week after sale, along with other such chips, was a point where he just said “fuck it”. You could argue WWs WTB for Jack Cinci snappers at $800-$1k an hour into the sale sparked the thought, IG confirmed it.
He’s auctioned solid mint roulettes, Lake Elsinore denoms, etc. after letting people cherry pick chips before sales for a long time before this latest one. That was well over a year ago.
The reality is he is profit motivated. Just like NAGB runners and 99% of chip vendors. Not sure where this idea of chip count transparency before sales came from, but I can’t remember ever seeing it from any official vendor. It’s a nice thing to hope for and want, but until we see someone do it, it’s just talk IMO.
Hope to get some $1s from the sale!
He’s auctioned solid mint roulettes, Lake Elsinore denoms, etc. after letting people cherry pick chips before sales for a long time before this latest one. That was well over a year ago.
The reality is he is profit motivated. Just like NAGB runners and 99% of chip vendors. Not sure where this idea of chip count transparency before sales came from, but I can’t remember ever seeing it from any official vendor. It’s a nice thing to hope for and want, but until we see someone do it, it’s just talk IMO.
Hope to get some $1s from the sale!
And actually that time he actually dud a weird silent auction sort of thing, where ha auctioned all the sets at once, but if he had x sets, the top x bidders all won. So even that was more consumer-friendly.
Gorbash
Lucky Dipper
Lol that's the longer version that I was avoiding typing out
If you ever need someone to explain a simple idea using 5x as many words as actually is needed to explain said simple idea, I'm your guy!
I suppose that's a valid perspective.
For the record - I also just bid and didn't realize that auction is a "cash set" smh
Were those the snappers that were ridiculously underpriced? Those were one of the things that tipped me off that he didn’t actually have his finger on the pulse of the chipping community. Which again, no problem with that - if he wants to show up on the forum twice a year and sell a truckload of chips, good for him.
But it always cracked me up when people would insist “he’s a valued member of this community” or some such. No. He’s a valued vendor. But when’s the last time he commented on a thread that wasn’t about one of his sales?
It didn’t take a chipping genius to see that those snappers, which I think were priced at or below face value, would have easily sold for 2-3x that much to a normal chipper (let alone the prices the deep-pocket squad might have paid.). Don’t think for a second they were underpriced due to love and charity - he just didn’t realize what he had, because he wasn’t paying attention to what was happening in the world of chipping.
Haha! Some people are fine with it. Me, I’m a little weird. But the fact that I can’t even imagine felting NCV chips for a cash game has probably saved me a few bucks over the years.
If anybody’s keeping score, after 20 minutes, the bidding for the 400 piece T25 set is up to $2500. They’re Grrrrrreat!
Gorbash
Lucky Dipper
I'm keeping score since that's my $2500 bid
Good luck to you. Shit like this doesn’t come around often.I'm keeping score since that's my $2500 bid
I’m just really curious to see what happens to the pricing on the second and subsequent rounds of these auctions. My guess is they’ll stay pretty similar, but who knows?
The format of those sales were based on buying percentages, so you had to buy like 1k or 2k of total chips, including some shite, to get a rack or two them and that was the max you could get. So there was a method to the madness. That doesn’t contradict your overall sentiment on him and their relatively low price though, which is more or less accurate I’d say. I do like Jim though. Spade is also a spade.
Gorbash
Lucky Dipper
I'm guessing they will be some predetermined (and not insignificant) % less than the auction prices because there's more quantity and while he will want to price them high, he also will likely price them to sell out via the regular sale.
Oh I hope nothing I say is misconstrued as something negative about Jim. I have zero complaints about him and have only had positive interactions. I’m just jeering at the people who make him out to be some kind of saint.
No I meant subsequent rounds of leaded auctions.
Gorbash
Lucky Dipper
It would really help if I could read
I think we'll know how the subsequent auctions are going to go based on how many people are placing bids during the last hour of the first auctions, but my guess is pretty similar.