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Bill O
12-18-2007, 07:19 PM
If you didn't notice, MWO is offering 4 lifetime ski passes for Attitash. All proceeds benefit the observatory, and if you're the high bidder you never have to buy another ticket to ski at Attitash.

Lifetime Tickets (http://www.mountwashington.org/news/release.php?id=29)

Steve M
12-18-2007, 08:06 PM
If you didn't notice, MWO is offering 4 lifetime ski passes for Attitash. All proceeds benefit the observatory, and if you're the high bidder you never have to buy another ticket to ski at Attitash.

Lifetime Tickets (http://www.mountwashington.org/news/release.php?id=29)
All I can say is wow. I don't think I would get my monies worth unless I move to NH though.

Patrad Fischroy
12-19-2007, 08:26 AM
Steve,
Perhaps you should set up your own auction, I can see it now, lifetime lift tickets to the only ski resort in Florida. It should be a sellout!!!:D

Steve M
12-19-2007, 09:00 AM
That's a great idea. Sell lifetime lift tickets ahead of time to raise the money to build the resort. :)

Bill O
12-19-2007, 11:14 AM
That's a great idea. Sell lifetime lift tickets ahead of time to raise the money to build the resort. :)

That's what most ski areas did in the beginning. In fact, they do it every year with season passes that offer big discounts compared to day rates.

Steve M
12-19-2007, 11:39 PM
I still haven't received Brad's check in the mail. I wonder what the hold up is???:rolleyes:

Charlie
12-20-2007, 06:04 PM
I still haven't received Brad's check in the mail. I wonder what the hold up is???:rolleyes:



it is bouncing it's way down

Brad
12-20-2007, 06:14 PM
it is bouncing it's way down
I am sure it is on its way.

Steve M
12-20-2007, 11:41 PM
I am sure it is on its way.
Where is the wink?????;):D

Bill O
12-22-2007, 11:14 PM
14 hours to go and not much action on those ski passes. Hopefully some savvy Ebayer's are waiting for the last minute to toss in their bids.

Honestly though, I do not believe they are priced right. Maybe I'm wrong, but Ebay is the ultimate market place and it has an amazing ability to bring out the true value of almost anything. And when done properly, a properly priced Ebay auction will not only bring out the true value, but sometimes induce a bidding war to inflate values.

For one, this should have been a dutch auction. All four passes on one listing. This gives the bidders the ability to choose the quantity and the maximum price they are willing to pay. I won't go into the details of how a dutch auction works, but when you have more than one item its an ideal way to list. Additionally, the type of people that buy lifetime passes often want to buy two. Skiing for a lifetime with a friend is way better than doing it alone.

I'm not an accountant, so I may be wrong, but the current setup would not be tax deductible. Even though you are giving to a non-profit you are essentially buying these passes. Not that you can't try it on your tax return, but when the IRS comes knocking you might lose. This is the time of year when people trying to lower their tax bill tend to give money non-profits, but only if they can get a tax benefit.

The passes are non-transferable. They essentially have no warranty if you break your leg and can never ski again. I've seen lifetime passes before and many had a one-time transfer clause. Because of this people are going to pay a smaller premium for the passes.

I know there is a market for these passes, but if the right people don't know about the auction it doesn't matter. It would be worth knowing who spends the most money at Attitash and to take out a few ads in their newspapers. You don't sell million dollar ski homes at Deer Valley to ski bums in Salt Lake. You sell them to executives in New York City.

My suggestion is to lower the price and get some bidding started. Clarifying the tax situation with this auction would also help. But if they aren't tax deductible expect them to be worth 35% less than you think. These passes are a great gift to Mount Washington, but only if they sell and only if MWO can maximize the bids they receive.

Steve M
12-23-2007, 10:47 PM
It looks like 2 of the four tickets sold for the opening bid amount. The other 2 are soon to expire.

Bill O
12-23-2007, 11:03 PM
It looks like 2 of the four tickets sold for the opening bid amount. The other 2 are soon to expire.

That's good news. Looks like the same person bought them as well. Looks like quite an active ebayer as well.

It would be great if they could move the other passes at that price.

Brad
12-24-2007, 10:43 AM
What was the price?

Bill O
12-24-2007, 10:54 AM
What was the price?

Two sold for $6,500 each.