Company Blog



May 08

QuiBids Product Spotlight: Dr. Dre iBeats Headphones

Posted by Matt Carney under Products, Tips & Strategy

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Like listening to music that sounds as crisp and precise as when it was recorded, but don’t like the headaches you get from wearing bulky, noise-canceling headphones?

Sounds like you’re more of an in-ear/earbuds kind of guy or gal. And while we’ve got a wide selection of these more petite headphones for you to choose from, we’d like to highlight one in particular that’s especially popular amongst QuiBids customers: the Dr. Dre iBeats Headphones.

Being a highly sought-after brand name, all Beats By Dre products tend to draw a crowd when they go up for auction, but you shouldn’t let a few bid-happy competitors dash your hopes of snagging a set of these at a bargain. We ran the numbers on the last 35 auctions for the iBeats and noticed a few patterns worthy of sharing with you.

First: Your odds of winning with ten bids or less are almost one in three.
11 lucky (or perhaps just astute) bidders won auctions for the iBeats with ten bids or fewer. One extremely attentive and skilled bidder, Corey 0067, even managed to scoop up a pair for a mere two voucher bids really late in the game, when the auction hit $4.50 in price (which meant that he saved $105.49 off the $109.99 value price). This is no small feat.

Second: Your odds of winning iBeats with a final value price of less than $1.04 are 50-50.
$1.04 was the median final auction price on these 35 auctions, which means that just as many auctions ended at a price less than $1.04 as did more. So going into the auction, you know you’ve got coin-flip odds of keeping the price at around a dollar or less, which is a huge piece of knowledge. From there, you know that if the price reaches up above $1.04, the actual final auction price becomes much more difficult to predict, because the range will be wider.

Third: The average number of bids required to win a set of iBeats is 45.
Assuming they’re all Real Bids, those 45 bids will cost you $27. Which means you’ll still save $82.99, less whatever the less-consequential final auction price proves. So if par for the course is 45 bids, you probably ought to make sure you have at least that many available and are willing to spend them to win, as a healthy precaution.

Fourth: Six auction winners committed 92 bids or more.
This observation is more of a warning to you, than anything. As you proceed to these auctions, be aware that there are some people who were willing to really go the distance on these things and — instead of score the best deal possible — get into fights with other bidders. One auction ended at $6.43, after a user threw down 162 Real Bids to win it. The result was a mere $6.66 savings.

Want our advice for if you find yourself locked into a bidding war with an irrational person who’s willing to go the distance? Buy Now or just walk away, pride intact.

Comments

  1. Sera DeeKay Kaneko Langidrik-M says:

    urghh wish ii had those :/