Dutch Auction
At Ebanned, our Dutch Auctions are considered instant purchase with
multiple quantities. What this means is, once a bid is placed, that item
is considered sold.
For sellers, bids do not increase with each bid, our Dutch format is the
same as BuyIt only there are several identical items available.
An auction format which accommodates a seller with
multiple identical items for sale. The seller specifies the minimum
price (the starting bid) and how many items
are available. Bidders specify the number of items they want.
At Ebanned, if all the items offered Dutch are sold, the bidding ends
and no more items can be sold, however, the item will continue until
it's normal closing time.
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