posted on October 24, 2000 07:14:01 PM new
When I went to view my high bid and it said see high bidders it took me to a dutch auction? I do not have a clue what that means. Help!
posted on October 24, 2000 07:22:30 PM new
A dutch auction is one auction for your mulitiple items. You have 20 thingies and people bid on as many as they want...high bidder gets his 3 of your thingies for his bid Xs 3...and so on until your 20 thingies are covered, lower bidders don't get any if they're gone to higher bidders...you get the idea.
When you bid on a dutch auction you can bid on just one of those items if you like..
posted on October 24, 2000 07:24:35 PM new
Here you go:
What is a Dutch Auction?
A.
This auction format is perfect for sellers with many identical items to sell! In order to use this
auction format, sellers must 1) Have a Feedback Rating of 10 or above and 2) Be a member of eBay for 60 days or more.
Sellers start by listing a minimum price, or starting bid for one item, and the number of items for sale.
Bidders specify both a bid price and the quantity they want to buy.
All winning bidders pay the same price per item—which is the lowest successful bid. This might be less than what you bid!
If there are more buyers than items, the earliest successful bids get the goods.
Higher bidders are more likely to get the quantities they've asked for.
Proxy bidding is not used in Dutch Auctions.
Bidders can refuse partial quantities. For example, if you place a bid for 10 items and only 8 are available after the auction, you don't have to buy any of them.
The only exception to the requirement that all items be identical relates to trading card listings. Lots of trading cards need not be identical due to the nature of these sales in the trading card arena
posted on October 24, 2000 07:25:29 PM new
It just means that they are selling more than one of an item. IOW if I was selling a six pack of cokes that would be a normal auction. If I was selling each of the six cans individually in an auction that would be a Dutch auction.
posted on October 24, 2000 07:41:35 PM new
Again I need help...I did not list this as a Dutch auction? I did put I had 4 items in the quantity but I meant to sell them as a set. Don't worry..I don't mind because one item at the price the seller bid is fine by me..he only wanted one so does that mean others can bid for the same amount? If I made a mistake in some way...maybe I did the right thing..help!!
