posted on December 31, 2000 03:58:58 PM new
Hi,
Long time reader , first time writer. I have been doing some dutch auctions here recently the past month and was wondering about the people placing bids on my stuff.
Question: If I have 3 of the same items and I list it as dutch 3 items, with a starting bid of 20.00 and get 2 bids with 1 person bidding 20.00 and the other person bidding 25.00, when the auction ends do I charge the person that bid the 25.00 or just the starting bid of 20.00? I'm afraid that when these people check the auction and see that others got theirs for 20.00 they will be mad.
Any comments or suggestions about this? Thanks for your response!
posted on December 31, 2000 04:41:45 PM new
All the winning bidders pay the lowest winning bid.
ie - If you have a dutch auction of 3 items the top 3 bidders win at the lowest of the top 3 bids.
All winning bidders pay the same amount.
[ edited by digitalman on Dec 31, 2000 04:44 PM ]
