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hout Bidding.
The maximum general Dutch auctions are actually a combination of two auction types: they're multiple-item fixed price auctions (Dutch Buy it Now auctions to you and me). This just means that you can attempt more than one of an item as long as for a firm price.
This is quite mighty whether you're selling something small in colossal quantities. You can just say how numerous of the item you have, and the Buy it Now auction will linger there until its duration is up alternatively entire the items have been sold.
Buyers aren't limited to only buying one item at the peak of, either: they can enter how many they want and then just click Buy it Now to get them. If you're selling small things loose,[link widoczny dla zalogowanych], then this can be actually large - instead of selling them in packages of 50,[link widoczny dla zalogowanych], you can sell 24 to one human and 95 to the next. It lets buyers save money by buying accurate what they absence, and it lets you offer them the flexibility to have as many or few of an item as they want.
With Bidding.
Dutch auctions can likewise be done by bidding, yet the process is rather perplexing. Buyers bid a amount and say how many items they absence, and then everyone pays the lowest price that was bid by one of the winning bidders. Let's say there are 10 of an item as sale. Anne bids $5 each because 4, while Bob bids $4 as 6. Anne will get her 4 and Bob will get his 6, yet they will both only pay $4.
Here's dissimilar instance. If there are 5 items for sale and Anne,[link widoczny dla zalogowanych], Bob, Carol and Dean want to buy 2 each,[link widoczny dla zalogowanych], then apparently someone is going to lose out. Whoever bid the lowest will only get one of the item. If Anne bid $5 each, Bob bid $4 each, Carol bid $3 each, and Dean bid $2 each, then Anne will get 2, Bob will get 2, Carol will get 1 and meager Dean gets nobody. So then: how much they pay for the items?
Starting to sound like a especially malign math problem,[link widoczny dla zalogowanych], isn't it? The answer is that everybody ambition pay $3, for Carol's bid was the lowest an that won everything. If you have trouble getting your pate nigh that, then don't fret - everybody another does also! That's why Dutch auctions with bidding are so infrequent.
In fact,[link widoczny dla zalogowanych], even eBay's regular one-item auction format has of sorts problems, no least of which is auction sniping. Snipers are consumers who come along by the final minute to bid a few pence more than the highest bidder and triumph the item. Your buyers will ascertain this infuriating - and you're the only one with anybody power to aid them out at stopping it. The afterward email will show you what you can do.