posted on October 29, 2000 05:59:58 PM new
I'm running a Dutch Auction for (2) items. I started them out at $6.95. Well, the bid is up to $8.40, but only (2) people have bid on it at (1) item each. If they are the only two people that have bid on it, why isn't the bid still $6.95? I hate Dutch Auctions! I can never figure them out!
posted on October 29, 2000 11:25:56 PM new
From what I recollect, if one bidder bids a higher amount than the starting price then that amount is the one recorded. For example:
Bidder 1 bids $6.95 for one item
Bidder 2 bids $8.40 for one item
Highest bid is shown. Don't ask me why some buyers like bidding above the opening bid even though there are multiple items for sale.
posted on October 29, 2000 11:26:33 PM new
I wouldn't worry about it--just charge them the final price. Next time, you might want to run the items one-at-a-time and let them bid against each other.
[ edited by granee on Oct 29, 2000 11:28 PM ]
