Reply to "How does AS work with a Dutch Auction?"

jayolson (Guest)

Yep, that's right. If $90 was the lowest winning bid that would be your price. Remember that with a dutch auction everyone gets the item for the lowest winning dutch price.

i.e. if there were 5 tvs and 5 bids: $86 $87 $87 $95 and $350 then all 5 people would win for $86. The guy bidding $350 wouldn't pay $350, just the $86.

There is a bit of an art in dutch bidding to maybe bid a little more than the current price so that when the price starts increasing any new bidders would have to bid more than you to bump you lower. etc.

3/6/022:06 AM

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