posted on February 10, 2001 03:26:24 PM
I just listed my first dutch auction. If only one bidder comes and puts in a bid of say 2.00 for 10 items and there is a total of 100 (the original minimum bid price being 1.90) does that bidder pay 2.00 or 1.90 per item? Assuming the auction closes with only that bidder. Thanks!
posted on February 10, 2001 05:46:32 PM
I believe he'd pay $1.90, not $2.00. The reason being that I have had a first bidder place a bid at higher than the opening amount, and it STAYS at the opening amount. But, you'll know for sure when the auction closes and the bid amount is shown on the page.
