When people create an economy around an item, it’s because in their eyes, they’ve monetized it. Oh, maybe not in actual currency but hey! if it has importance as a medium of exchange, a store of value or a standard of value then it IS monetized. Even if I’m giving you 3 apples and my teddy bear, I am showing you it’s worth something. 🙂 Ebay will often tell you what people are trading and therefore, what is valued. (ebay page of twitter sale)

I really love my Twitter account but I feel like I haven’t been using it the way I want to. Quite honestly, I feel sorry for all of my followers because they wind up with my tweets in their timelines and I haven’t been able to utilize the medium the way I want to. I also participate in another Twitter account over on Rocketboom so I’m thinking I’ll post more over there and start up a new account to do what I want to do next.

It would be silly to just delete this account I have here, especially if there is someone out there that had like interests and had something to say or wanted to get involved in some relevant conversations. In terms of monetary value, I have no expectations or needs at all so I decided not to put a minimum bid on this. Whatever will be, will be.

http://twitter.com/andrewbaron

The winner of this auction gets my account with all of my followers. The account is in my name now, but the winner of the auction can pick any other name that’s available on Twitter for the transfer. For example, you could have http://www.twitter.com/x where x=any name thats not already taken. You can change it yourself at anytime too, one of the cool features about Twitter settings.

So basically it’s like getting a new account with your own name, but having a pre-installed audience.

The first sign of value to most people would be the number of followers I have (the audience size). At the beg. of this auction, there are 1397 followers and I am actually quite proud of the actual quality of these followers, moreso than the number. Feel free to explore everyone to see who’s there.

Also, as with any dynamic group, there is obviously risk. My followers could jump ship at anytime. There is no guarantee on this part. People will come and go, thats just the way it is. Whether you represent a company, a group or just yourself, this group will not want to be sold to, Im sure. The successful winner will share a reciprocal value with the followers.

Finally, I’d just like to give props to all of you out there who are following me on Twitter. No offense what so ever – we can easily find each other again.

http://twitter.com/andrewbaron

If the thing that we value is a following, an audience, a society network, then what is this account worth to you? Can we buy audience? What is the depreciation in value? Do you even give a rat’s… ? P.S. I added the bold, as is my wont. Remember, we are not in the industrial age anymore: the social network digital economy may well work out to be non-material and a non-zero sum game!

hat tip: ozwebfx Richard Ellender.