gypsy soule jewelry wholesale Dutch auction is a special form of auction. Also known as the "reduction of price auction", it refers to a auction of the auction of the auction target from high to low until the first bidder should be sold when the price (reaches or exceeds the reserve price).
This reduction auction usually starts at a very high price. Sometimes there are no people bid at a high level. At this time, the price decreased by the number determined in advance until the bidder is willing to accept it. Dutch auction In the reduction of price auctions, the first actual bidding is often the last bidding. So, where do you talk about the fierce competition between the bidders here? There is indeed competition here. It is not doubtful. Although there is only one bidding, this only bidding is a direct response to the expected. Without bid, then others will bid to lose items. , there are actually many bidding in most of the reduction of prices. Because price reduction auctions are often used in occasions with diverse quality auction products, such as different quality, the first bidder with the highest bids can buy all items, but often only buy the best of these items at the highest price. Then the auction continued, the price decreased. When another bidder was willing to accept the bidding, he also had the same choice. It was also the best to buy the remaining, and then the auction continued. In this case, although the bidders are silent most of the time, there are indeed continuous competition between bidders.
gypsy soule jewelry wholesale Dutch auction is a special form of auction. Also known as the "reduction of price auction", it refers to a auction of the auction of the auction target from high to low until the first bidder should be sold when the price (reaches or exceeds the reserve price).
This reduction auction usually starts at a very high price. Sometimes there are no people bid at a high level. At this time, the price decreased by the number determined in advance until the bidder is willing to accept it. Dutch auction In the reduction of price auctions, the first actual bidding is often the last bidding. So, where do you talk about the fierce competition between the bidders here? There is indeed competition here. It is not doubtful. Although there is only one bidding, this only bidding is a direct response to the expected. Without bid, then others will bid to lose items.
, there are actually many bidding in most of the reduction of prices. Because price reduction auctions are often used in occasions with diverse quality auction products, such as different quality, the first bidder with the highest bids can buy all items, but often only buy the best of these items at the highest price. Then the auction continued, the price decreased. When another bidder was willing to accept the bidding, he also had the same choice. It was also the best to buy the remaining, and then the auction continued. In this case, although the bidders are silent most of the time, there are indeed continuous competition between bidders.