Anyone know what a waffle auction is???

[jkimball7]

Hey just I was just thinking with the resale value of everyone's expensive equipment and not getting what your asking for.
Have any of you considered doing waffle auctions

The person gets their asking price and the person who wins gets a great deal

For example I want to sell my skimmer for $200
You open a waffle 10 spots for $20 a spot each person pays $20 but only one winner
When the spots are filled
1. Josh
2.Greg
3.Abbey
4.Jeff
5.Michelle
6. ED
7.Jack
8.Lauren
9.Scott
10.Amber

A winner is chosen with a random number generator or wheel spin(both free and easy to use on the internet) this is usually done via live Facebook video to make sure everything is fair and no cheating

Obviously number of spots and price can vary.



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[dvetran]

Very interesting idea, have you been successful in implementing the auction?

 

[jml1149]

Isn't this just an illegal raffle?

 

[tank o tang]

They usually don't go well for long before someone tries to cheat the results. Have seen them go bad selling other things, but a great way to sell stuff. Probably better off being done in person where everyone is in the same room.