Auction #5 ~ $4/2 Rolaids,Pepcid,Mylanta etc ( 20 ) ends Fri. 9/17 @ 6 pm PST

[server18]

Welcome!

* You are bidding on:

20 ~ Buy any two and save up to $4.00. Pepcid,rolaids,mylanta,lactaid,imodium or tucks products ( except trial size) Expires 9/30. Starts with 5. One coupon per purchase.

3 sets available - please specify how many sets you are bidding on.

* Acceptable bids:

* ~ ~ C C
* ~ ~ PPEF (gift)
* ~ ~ Forever stamps ~ needed
* ~ ~ B I N ~ $3. or 7 forevers

* Starting bid:

$1.50 or 3 forevers



* Bid increments:

~ any ~ beat the previous bid

* Shipping:

Winner to add .44 in PP or add 1 stamp to the envie.

I reserve the right to hold my end until I have received the winning end if your trader rating is under 35 or if you have neg. feedback.

[hillaryef]

[seedlady]

how often do you lower the price on dutch auctions? or do i just bid lower than $1.50?

[server18]

auctions are never lowered. you always have to bid the minimum starting bid.

[seedlady]

In a Dutch auction, a seller offers up an item for bid at a very high price. The initial price is much higher than the item's value usually and no seller expects to get that price for the item. Because bidders must know the amount of the bids, bids are not sealed as they are in some types of auctions. The price is lowered in increments until a bidder chooses to accept the current price. He pays that price for the item as the winner. For example, if a business is auctioning off a used company car, the bidding may start at $15,000. The bidders will wait as the price is lowered to $14,000 to $13,000 to $12,000 to $11,000 and to $10,000. When the bidding reaches $10,000, Bidder A decided to accept that price and he because he is the first bidder to do so, is considered the winner and has to pay $10,000 for the automobile.

[seedlady]

What Does Dutch Auction Mean?
1. A public offering auction structure in which the price of the offering is set after taking in all bids and determining the highest price at which the total offering can be sold. In this type of auction, investors place a bid for the amount they are willing to buy in terms of quantity and price.

2. A type of auction in which the price on an item is lowered until it gets a bid. The first bid made is the winning bid and results in a sale, assuming that the price is above the reserve price. This is in contrast to typical options, where the price rises as bidders compete.

[shelleyf]

[meggers]

In a Dutch auction, a seller offers up an item for bid at a very high price. The initial price is much higher than the item's value usually and no seller expects to get that price for the item. Because bidders must know the amount of the bids, bids are not sealed as they are in some types of auctions. The price is lowered in increments until a bidder chooses to accept the current price. He pays that price for the item as the winner. For example, if a business is auctioning off a used company car, the bidding may start at $15,000. The bidders will wait as the price is lowered to $14,000 to $13,000 to $12,000 to $11,000 and to $10,000. When the bidding reaches $10,000, Bidder A decided to accept that price and he because he is the first bidder to do so, is considered the winner and has to pay $10,000 for the automobile.

What Does Dutch Auction Mean?
1. A public offering auction structure in which the price of the offering is set after taking in all bids and determining the highest price at which the total offering can be sold. In this type of auction, investors place a bid for the amount they are willing to buy in terms of quantity and price.

2. A type of auction in which the price on an item is lowered until it gets a bid. The first bid made is the winning bid and results in a sale, assuming that the price is above the reserve price. This is in contrast to typical options, where the price rises as bidders compete.

I never knew all that about Dutch Auctions, but here's how we do it here:

If there's 2 sets & the starting bid is 1.50 per set with no increments & you wanted both sets, your bid would look like this:

2 sets at 1.50 per set

The next bidder may just want 1 set & with no increments they could take one of your sets away by bidding:

1 set at 1.60

Then, if you wanted both sets, you would need to bid at least 1.60 on one set & 1.61 or more on both sets. The reason for this is, the first bidder to place a bid gets precedence, so you would need to outbid them on both sets. Your bid would look like this:

1 set at 1.65
1 set at 1.65

And so on...

I had never heard of starting high & going low. Maybe this is the American version we're doing.

[server18]

^ UP ^

[server18]