Originally Posted by
blackwid0w
If you have 3 for sale, 2 people bid £4 and one goes for the start of 99p, the whole lot will go for 99p each - same as eBay.
There are no increments on the Dutch auctions here but the lot will sell at the lowest winning bid price same as on eBay.
Using BIN here will reduce the number available by one each time someone uses it.
CJ
No increments? I don't understand. What happens when 4 bidders have each bid 99p for 1? Can a fifth bidder join in? If so, how? I.e. on what terms? Do they choose their own price or what? And how does that fit with proxy bidding?
You give an example of bidders bidding 4 quid, but how do they get to do that if there's no increment?
Ebay (shows cross, waves garlic) have a familiar and (IMNSHO) perfectly good scheme for Dutch auctions. How is this one better???
There must be something here that I'm missing, which means, at the very least, that a better explanation is needed at the point where the seller clicks on "dutch auction". If I didn't have faith in eBid I'd run, not walk, away from creating a dutch auction. As I see it at the moment it's a no-brainer -- I can get a maximum of 3.96 (4x99p) on eBid, or I can get 16 quid on eBay (take off LF+FVF, but even so...).