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<p>[QUOTE="clembo, post: 282349, member: 8033"]Topher,</p><p><br /></p><p>Dutch auctions are great if one knows how to use them and you obviously do. Problem is so many don't. I have my lone negative feedback on ebay because a guy did not know how a dutch auction worked. It was MY dutch auction.</p><p><br /></p><p>Here's the scoop on a smaller dutch auction. If someone has 10 lots available bid on NINE of them at the last minute. Bidding on all ten will raise the price - letting the 10th go will give you the price of the SECOND highest bid for your NINE auctions.</p><p><br /></p><p>To put it in numbers: If there are 10 lots and the current price is $5.00. Bid on 9 lots at say $6.00 if that's what you are comfortable with and would pay. If no one else raises the bid ON ALL OF THE LOTS you will get your 9 lots for $5.00.</p><p><br /></p><p>It can work as long as someone that does NOT understand them comes in and bid over $6.00 on ALL ten lots. I've seen a lot of people do this unfortunately and ruin a good deal for everyone themselves included.</p><p><br /></p><p>It's a game and one needs to know how to play it.[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 282349, member: 8033"]Topher, Dutch auctions are great if one knows how to use them and you obviously do. Problem is so many don't. I have my lone negative feedback on ebay because a guy did not know how a dutch auction worked. It was MY dutch auction. Here's the scoop on a smaller dutch auction. If someone has 10 lots available bid on NINE of them at the last minute. Bidding on all ten will raise the price - letting the 10th go will give you the price of the SECOND highest bid for your NINE auctions. To put it in numbers: If there are 10 lots and the current price is $5.00. Bid on 9 lots at say $6.00 if that's what you are comfortable with and would pay. If no one else raises the bid ON ALL OF THE LOTS you will get your 9 lots for $5.00. It can work as long as someone that does NOT understand them comes in and bid over $6.00 on ALL ten lots. I've seen a lot of people do this unfortunately and ruin a good deal for everyone themselves included. It's a game and one needs to know how to play it.[/QUOTE]
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