posted on July 6, 2001 08:39:03 AM new
My mind has turned to mush! eBud messed up my EOAs last night, and I will have to manually send notices to several winners of dutch auctions. I confess I've never been too clear on who wins and who doesn't (I always let the auction software figure that out for me).
I have two items and two bidders: one wants two items, one wants one item. Bidder A bid 12.50 for one item, and Bidder B bid 10.51 each for two items. Who wins what?
posted on July 6, 2001 09:21:46 AM new
As the high bidder, bidder A gets one item for $10.51, no matter what bidder B does.
Bidder B gets the remaining item at $10.51 but according to ebaY rules he has the option of not completing the deal since he didn't win the entire quantity that he bid on.
Edited to remove a reference to bidder C (who apparently doesn't exist)...
[ edited by MrBusinessMan on Jul 6, 2001 09:24 AM ]
