Ebay sellers have been using Dutch auction for multiple items listing. It is an auction-style that offers multiple identical items for sale. Unlike ordinary auctions, dutch auction have many winners. For example there are 10 cellphones displayed for dutch auction.
1.) Bidder A bids 3 items at $8
2.) Bidder B bids 6 items at $7
3.) Bidder C bids 3 items at $4
4.) Bidder D bids 2 items at $9
In this case, the lowest successful bid is $7. What happens is, Bidder D turns out to be the higher bidder and will win 2 items at $7, Bidder A wins 3 items at $7 and since there are only 5 items left, Bidder B wins only 5 items at $7. If you notice, the lowest successful bid which is $7 becomes the price of each item. In dutch auction, the winners may refuse partial quantities which usually happens to the lowest successful bidder. If in this case, bidder Bidder B refuses to take only 5 items as compared to his bid amount which is 6 items, Bidder C has the chance to become the lowest successful bidder. Dutch auction selling, the winners are determined under certain circumstances. If you play well, you get lucky.
1 comments:
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Works pretty good if you want to do things on the fly without knowing any HTML. Best thing is that you can save and reuse templates later on and their templates are both eBay and Craigslist compatible.
Worked for me and my images are not limited to what eBay or Craigslist offers plus I don't have to pay extra. Let me know what you think.
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