Re: [NTLK] Mucho 2100's 4-sale

From: BK (bk_newtontalk_at_yahoo.com)
Date: Fri Nov 30 2001 - 04:45:07 EST

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On Friday, November 30, 2001, at 08:01 , Chris Searles wrote:

>> This guy is selling (10 qty.) on a dutch auction original 2100's .
>
> why do you call it a Dutch auction?

An auction of multiple items of the same kind is called a Dutch Auction.

The highest bidder gets the first item, the second highest bidder gets
the second item, and so on; the 11th highest bidder (if there is one)
gets nothing (assuming a qty. of 10). That's how it works.

rgds
BK

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