On Friday, November 30, 2001, at 04:44 , Jim Richter wrote:
> 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.
That's different from Yahoo then (at least in Japan).
I sold some stuff through Yahoo Japan using Dutch auction, and each
winning bidder paid according to their bid, not less. Glad I didn't use
eBay then.
rgds
BK
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