posted on September 1, 2001 02:18:58 PM
I guess this is silly of me to ask..but I can't figure out how to deal with a Dutch auction!! What ebay gave me to read did not clarify how to determine who wins and how much?? Is anyone out there that can put it all in laymans lingo?
I have Christmas dog stockings going for $6.99... I only put 1 on for now cuz I'm not sure about the Dutch thing.. I have 5 of em and want at least $6.99.. can we go from there....
#1 bids $7.25 for 2---- #2 bids $6.99 for 1 etc etc...
OK YOur turn....now lead me thur the rest Please so I can put on more than 1 at a time.....Thanks & Bless Ya'lls Pea Picking Heart ahead of time!
raggedyluver
posted on September 1, 2001 02:32:39 PM
the easiest way i can break it down is..if there are 5 items for sale the final price for all is the lowest bid of the 5 highest bidders or the lowest bid until all 5 items are spoken for if sonmeone bids for more than 1 item..........i guess it sounds simple to me because i know what i mean
posted on September 1, 2001 02:40:19 PM
Okay to qualify as a Dutch auction you have to sell more than one item.SO to qualify as a Dutch it has to have at least 2 items listed for sale.
You start the minimum bid at what you want 6.99 for each.
What ever the final price finishes at then that is what the item is sold for.Only the bidders that bid at that final price and above are winners only.
So if your bids end at 7.50 and 3 items sell at that price then only 3 of the 5 items are sold and at the final bid price of 7.50.
I have run lots of Dutch auctions and they are not that hard to figure out.
If you want a better idea search for uncleaned roman coins on ebay and look at completed auctions that should help.
