Multiple Quantity Items 

Some People Call Them Dutch Auctions
 

 First, you need to see the Rules on Bidding.

  1. The minimum first bid on any item is 10% of the item value.
  2. Bid increments are determined by the item value and range from $1 to $10.
  3. A bid must beat the current bid by one bid increment to become the New Current Bidder
  4. Multi-quantity items - The top bids meeting the quantity win. For ties, the bid is awarded to
    the bid that entered the system first.
  5. In order for an incoming bid to be in the top quantity, it must beat the current lowest bid
    by one bid increment or beat the lowest Proxy bid by one bid increment, whichever is highest.
  6. Proxy bids - A Proxy bid is placed to match an incoming bid. Once the incoming bid is large enough
    that the Proxy bid can no longer match the bid, the Proxy bid is played out completely.

 

What's A Quantity Item?


OK, let's say that a business in town has given us 5 Certificates for A $75 dollar Dinner for Two.  We will now list all of these at one time, similar to the way eBay does their quantity items, all under one "Item Number" instead of the old way of having 5 separate item numbers, each starting at a different time of the day.  We will start Multiple Quantity items during the first hours of the auction and they will be mentioned every hour for at least one hour per item in the quantity.  This helps us with the "display pictures" that you see on your screen during the actual auction, instead of having 5 sets of the same pictures with different item numbers we only have to have, and keep track of,  1 set.  It helps you because in past years if early in the auction you were outbid on one of these items, in its hour, you may not have watched later in the day to see the identical item be offered again and place your bid again, possibly winning that time. 

Here's how it works now:

  1. You decide how much you're willing to pay, enter your first bid and give your proxy (our computer) a confidential maximum bid.
  2. You note the item number down so that you can watch the crawl on your TV screen to see if that item gets over your Proxy Bid amount.
  3. Your Proxy Bidder (our Computer) engages in a fierce bidding war with other proxy bidders as well as a few live ones—while you go about your business.
  4. At the end of the auction, if the quantity was (say) 5, then the top five bid amounts will be winners of the 5 separate items.
  5. If you are a winner, you will be called and congratulated and told the final price, which will never be more than your proxy amount that you gave our Computer.

Winning was never easier!

 
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