Prizes "worth" a certain amount

Apple123

Haha I totally know where you're coming from!

Sure, a few prizes I have won have been amazing and have over exceeded my expectations. But I won a 'luxury food,' hamper last Christmas, which only consisted of one bottle of wine and a few packs of biscuits.

I think the Grazia Goody bag competitions are the worst for this though! But I suppose it's for charity, so can't really make a fuss.

ikkle87

I won a marks and spencers hamper worth £500 once (thread here forums.moneysavingexpert.com/showthread.php?t=2202097) I think the leather chests made up some of the value and we still use them now. A lot of the value was made up by alcohol too. I personally would never spend £500 on the contents of it though.

zanuda

I think all those "worth" is just a marketing strategy. First of all these marketers think (and perhaps not without a reason) that the higher the estimate price the more people it will attract. Another thing is, if the competition advertised in some press/magazines the later ones sometimes have minimum value, they won't publish if the prize has is below that. And it's kind of funny, because sometime chip strikers targeted for some funs would attract more attantion then £100 prize. (Let me think, let's say limited edition Man United stickers ~£1 each - what do you think?)

rwgray

bossladysal wrote: »

I won a diamond ... and it came with certificates and a valuation stating it was worth £7500. I considered selling it but was only offered £750 for it, although one jeweller looked it up and found a similar stone retailing in the trade for £3000. So I don't know how the original valuation was arrived at!

Hiya bosslady, the £3k trade price quoted is a clue: from supply price to retail you may have noticed that a mark-up of 100% is commonplace simply to cover retailer costs, and in the jewellery trade (depending on the amount of work done to combine metal with stones!) this might even be significantly higher. It's not my trade, but that valuation doesn't sound unrealistic - until you want to sell something yourself! ...anyhow, enjoy.

Rich.x

Marg2k8

This competition is to win a keyring worth £37.50. It looks quite nice, but who would really pay £37.50 for what is basically a bog standard keyring?

mjm3346

Marg2k8 wrote: »

This competition is to win a keyring worth £37.50. It looks quite nice, but who would really pay £37.50 for what is basically a bog standard keyring?

RRP was £37.50, limited edition of 1,000 produced almost 3 years ago (I wouldn't want to pay £3.75 never mind 10 times that)

LaSynergie

£37.50 for a key ring is insane!

I won a hamper on Twitter in March - with a value of £40, It was a lovely small wicker basket, bottle of wine, box of expensive biscuits, expensive sweets & expensive jam & I gave it to my Mother in law for her 70th birthday & as lovely as it was I still couldn't see how it could possibly really be worth £40...then a while later my mother in law phoned me up & said she found loads more stuff hidden in the bottom of the hamper under the first layer & neither of us knew it was there! so it was definitely worth the money & my MIL uses the wicker basket for all picnics she goes on with my FIL! so it was definitely worth it, but I have had a sweet "hamper" in the past that had almost nothing in it, just a few sweets in a tiny box which was very disappointing. I didn't complain but maybe I should have queried it? It's very hard to know what to do sometimes!

c5ryl

I won some stuff from love your gut last year and was sent a load of tat (supposed to be worth £60) I complained and they sent another item of tat.....oh we'll all wins can't be fantastic and I have learned by not entering their comps this year!

daviduk1976

I won a £400 stylist win....£100 handbag....for a bag???!! then the jewellery was naff lol £100 per necklace,,,,i would not have paid a fiver for it....I can't even give it away....even my drag queen friends turned there noses up at them lol

absolutelybrassic

I won a box of chocolates from Hotel Chocolat supposed to be worth £20. What came was a small 6" tall tube containing about 8 individually wrapped chocolates - they were very nice but didn't taste like they were worth £2.50 each.