Reply to "dutch auction"

puppyraiserMember

Yes, you've got it.

quote:
it really is beneficial to creep incrementally.

Yes again, for quantities more than one.

Using your example, the bid history would look like this.

Mr.A 50 1
Mr.B 50 2
Mr.C 50 1
Mr.D 50 1
Mr.E 45 1

If I wanted one item, I could bid $51 (51 is the minimum bid) We know MrD is the lowest bidder and his max is $50. The price for everyone would be 51. unless another bid gets placed. If you bid 200, everybody would pay 65.

Now... If I wanted 2 items I would bid incrementally up until I was listed in the bid history Just above Mr.C. If I wanted 3 or 4, I would have to bid up till I was above Mr.B.

9/18/043:34 PM

<ul id="{%=id%}ButtonGroup" class="button-group h-popup-buttons even-button-group even-1">
    <li id="{%=id%}Okay_buttonContainer"><a id="{%=id%}Okay" href="javascript:void(0);" class="button success no-margin-bottom h-alert-modal-ok-button" role="button">OK</a><script type="text/javascript">
        (function() {
            function {%=id%}Okay_click(event, data) {
            {%=id%}Popup.hide();
        }
        
                $('#{%=id%}Okay').on('click', {%=id%}Okay_click);
        })();
    </script></li></ul><a href="javascript:void(0);" class="close-reveal-modal" aria-label="Close Modal">&#215;</a><div class="last-modal-focus focus-utility-element" tabindex="0"></div>
</div>
<script type="text/javascript">
        (function() {
            {%=id%}Popup = new SS.Popup.ModalPopup('{%=id%}');
        })();
    </script>

Skip to main content

Membership Required

Remove From Your Block List

Manage Follow Preferences

Block

Please wait...