A Dutch Auction is an ebay auction where a seller sells several like
items in the same auction. In this case he's selling 10 2100s. That
means there can be 10 separate winners. At the auction's end, the
selling price will be the lowest bid out of all the bids made. So each
buyer will get it at that price. Someone might bid $300 for a 2100, but
if the lowest acceptable bid (meaning that this bid was still high
enough to be included in the auction, since the bidders are the bidders
with the 10 highest bids) is $200, each of the 10 winners will get the
2100 for $200.
Jim R.
On Thursday, November 29, 2001, at 05:01 PM, Chris Searles wrote:
>
>> This guy is selling (10 qty.) on a dutch auction original 2100's .
>> Feedback seems OK . Might be a sleeper, for some of you in the market
>> for one.
>
> why do you call it a Dutch auction?
>
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