| Principles of multiple item auctions (Aukro) |
Here are some of the unique features of multiple item auctions:
- Aukro immediately displays your maximum offer! (in regular auctions, only your current bid is displayed. Your maximum offer is only visible after someone outbids you).
- All winning bidders end up paying the amount that was offered by the winner with the lowest bid
Example:
An auction offers 10 items for listing
Let us assume that the situation progresses as follows:
| User | Offer | Items |
| Kowalski | 90 USD | 5 |
| Nowak | 60 USD | 5 |
| |
| Abacki | 10 USD | 3 |
Kowalski and Nowak, end up winning 5 items each and will have to pay 60 USD for each item! (Even though it might seem that Kowalski will end up paying 90 USD per item).
Now lets imagine a situation where the auction is also joined by another bidder: Babacki wants to buy 3 items at a maximum price of 140 USD each.
Then the current situation should be as follows:
| User | Kwota | Sztuk |
| Babacki | 140 USD | 3 |
| Kowalski | 90 USD | 5 |
| Nowak | 60 USD | 5 |
| |
| Abacki | 10 USD | 3 |
In such complex auctions, who will end up winning the most items and at what prices?
-
no. of items:
- Babacki wins 3 items
- Kowalski: 5 items
- Nowak: 2 items – (only two items were left)
-
Price:
All winning members will end up paying the amount that was offered by the winner with the lowest bid. In this case it’s 60 USD an item.
Watch out.
If you decide to bid on all available items, please take into account that there will be a possibility of you paying your maximum offer per item. (If our offer is the highest) Then you will ALWAYS PAY YOUR MAXIMUM OFFER PER ITEM.
So if Babacki bids on all 10 items (instead of bidding on just 3) and offering 140 USD per item, then he will be the sole winner of the auction and will thus pay his maximum offer per each item.
See also:
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Rules of bidding via Aukro |
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