Reply to "Auction Sniper Tips"

quote:
Our winning bidder pays $200 EACH for all of them: he was his own lowest bidder.

I don't have a lot of experience with Dutch auctions, but Sniper Bill's tips on Dutch auctions got me to thinking.

Say there is a Dutch auction for 10 items with opening bid of $1, and I'd LIKE to win all. Say I place bid of $1 for 10 of them AND place a bid of $10 for 1. Say no one else bids on the items. Would that mean I'd end up paying only $1 each for all 10?

1/12/052:23 PM

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