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Bidding in a Dutch Auction: An auction with more than one bottle of wine being offered at the same time is referred to as a Dutch Auction, and is treated quite differently than a standard auction. In a standard auction if the Opening Bid required is $50 and you bid $100, your bid starts at $50 and increases as necessary to keep you as the high bidder up to your maximum bid of $100. In a Dutch Auction, since there are multiple bottles, your bid of $100 is not a maximum bid it is your immediate bid for each bottle, regardless of what the seller has listed as the Opening Bid. As such, in a Dutch Auction your bid is what you will pay if you win the auction, so please bid accordingly. Consider using a lower opening bid and check back to see if you need to increase your bid
2012 SINE QUA NON ART BOOK
Signed, not dated.
PRISTINE
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Located in Los Angeles, CA
Member Since May 24, 2000
View all listings by westlosangelescabguy.
2012 SINE QUA NON ART BOOK
Signed, not dated.
PRISTINE
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