What Would Be Your Max Auction Bid?

Discussion in 'United Airlines | MileagePlus' started by ella, Jun 13, 2012.  |  Print Topic

  1. ella
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    ella Silver Member

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  2. Mackieman
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    Mackieman Gold Member

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    Considering a saver J award down there is 100,000 miles, five nights at that Sofitel during late September would be $276 per night per Hotels.Com for a total of $1380 (and the same reservation is available for 261,700 miles), I would say I wouldn't bid more than 200,000 miles as it is a bad deal at more than that. 261,700 miles is worth a lot more than $1380, so using miles for the hotel is silly. Even with the other stuff included in that auction package, in no way does it make sense to spend the miles that auction costs.
     
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  3. HaveMilesWillTravel
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    HaveMilesWillTravel Gold Member

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    Let's see

    • Trip dates are September 12, 2012 through September 18, 2012.*
    • Roundtrip, BusinessFirst airfare for two (2) to Buenos Aires. 200,000
    • Hotel accommodations for five (5) nights at the Sofitel Buenos Aires with early check-in (subject to availability) and daily breakfast. 35,000
    • Lunch and dinner reservations (meals not included). 0
    • Private car service from airport to hotel. 3000
    • Private helicopter tour of Buenos Aires, including transport to and from helipad. 25,000
    • Choice of private cooking class or wine and cheese tasting. 0
    • Private one-hour tango lesson for two (2). -50,000
    • Reservations for tango performance with dinner and transportation (cost not included). 0
    • Choice of private urban graffiti tour with expert guide or tour of the MALBA contemporary art museum. 0
    • Comprehensive sightseeing materials, including maps, listings of museums, galleries, landmarks, monuments, restaurants, nightlife, shopping and more. 500
    Total: 213,500
     
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  4. Sean Colahan
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    Sean Colahan Gold Member

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    If only the poor soul that bid 416,000 miles was a member of milepoint.
     
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  5. jrp2

    jrp2 Gold Member

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    Man, I can only dream of what better things I could do with 416,000 miles.
     
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  6. mattsteg
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    mattsteg Gold Member

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    Seems like a better deal than domestic coach at least. 2x low biz tix plus a bunch of random stuff at around 1cpm isn't completely terrible. Not good, but we've all seen worse.

    I'd do the trip on my own schedule, chipping in some cash and hotel points, and have the miles to do it again (or go somewhere else).
     
  7. viguera
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    viguera Gold Member

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    I never understand the people that bid exorbitant amounts of miles on these "experiences" though... I guess if you have millions of miles burning a hole in your pocket then it's easier than rolling your own, but you have to be oblivious to the value of the experience and the miles to bid that high.
     
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  8. mattsteg
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    mattsteg Gold Member

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    The other question is what dollar value would people put on the ground package?
     
  9. Wandering Aramean
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    Wandering Aramean Gold Member

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    I don't think the 419K is completely unreasonable for someone who doesn't really know the deal. Considering that a couple years ago a USB hard drive that retailed for $99 went for something like 80K points I'm willing to believe anything these days.

    Or 157K points for a $600 iPad.
     
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  10. ella
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    ella Silver Member

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    So then my thinking was not out of line. I really want to go to Buenos Aires, have more miles than discretionary income these days, but that sounded high to me too. Thanks for the feedback !
     
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  11. mattsteg
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    mattsteg Gold Member

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    It's a much better deal than e.g a 17 in macbook pro!

    Honestly, it's not something I would redeem for, but it's surprisingly in the realm of realistic in terms of value. Plenty of people do a lot worse redeeming on domestic flights.
     
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  12. chitownflyer
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    chitownflyer Silver Member

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    I think a max of 250K or 300K at most for the trip is reasonable. I wonder if the auction will go as high as 600K.
     
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  13. ella
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    ella Silver Member

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    There's about 6 days left on the auction, and it seems like overnight it went from 350k to 415k, and it has stayed there for the last couple of days.
     
  14. marcwint55

    marcwint55 Gold Member

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    I did a mileage run earlier this year to EZE. Unfortunately I only had enough time for an eight hour tour of the city and then had to return. From what I saw of the city, I would highly recommend going there, but the auction price is absurd. You can find much better deals out there. You could sell your points to one of the mileage brokers at 1.5 cents per mile and come out way ahead.
     
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  15. MX

    MX Gold Member

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    The "poor soul" is most likely the auctioneer, which is the same entity as the seller. Oh wait a minute - that doesn't sound like an honest enterprise. LOL
     
  16. RestlessLocationSyndrome
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    RestlessLocationSyndrome Silver Member

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    I think I can safely say that no one in this forum would bid over 300k let alone 400k. Then again, we make up at most 5% of the potential audience of this auction.
     
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  17. BuckleandBoots

    BuckleandBoots Silver Member

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    As much as we all hate to see miles wasted, this auction is a win-win.

    Someone will be happy with this purchase.
    United is cashing out some miles at below market value.
    Now there will be 400k miles less trying to take upgrades or award tickets.
     
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  18. jetsetboy

    jetsetboy Silver Member

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    In order to honestly evaluate this question, I had to replace EZE with places that actually are on my bucket list, such as Maldives or Seychelles. I wouldn't spend over 400k points even for places that are at the top of my bucket list, however I would be willing to spend maybe 50% more points than normal.
     
  19. chitownflyer
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    chitownflyer Silver Member

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    This is true, but people like us addicted to loyalty programs always want to get the most for our frequent flyer miles or loyalty points.
     
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  20. ella
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    ella Silver Member

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    Auction ended at noon today and the winning bid was 501,000 miles. Not as high as I expected it to go, but still way more than I'd be willing to pay !
     
  21. unavaca
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    unavaca Gold Member

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    I think we're making the assumption of 200k worth of points for 2 tickets in Saver C. If the award is really for anytime C, then that's really worth 400k. It's up to you whether or not the flexibility of an anytime award is worth the extra 200k, though.

    (I missed the auction, so I'm not sure if the wording indicated if it had to be saver or not...)
     
  22. viguera
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    viguera Gold Member

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    The dates were fixed 9/12 to 9/18, so it's not like you could have chosen to use them any other time.
     
  23. mattsteg
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    mattsteg Gold Member

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    The auction was for fixed dates.

    Honestly everyone probably wins here. They get a bunch of miles off the books, the winner gets a great vacation (at a rate not hideously above market prices - this group places a lot more value on flexibility to use miles for biz flights and emphasis on doing this, plus flexibility. The planned itinerary would certainly not be cheap to replicate with cash, if it was really what you wanted.)
     
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  24. chitownflyer
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    chitownflyer Silver Member

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    I definetely think there are better uses for spending 500K worth of miles, but each person can decide the merits of this type of an auction.
     

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