Everything you want to buy - at ebay - for less
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Everything you want to buy - at ebay - for less |
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Auction DefinitionsDutch Auction Definition - Named after the famous auctions of Dutch tulip bulbs in the 17th century, this method of marketing commodities is still used in the wholesale flower markets today as well as by many major financial firms. An auction in which more than one identical item is offered for sale at the same time. With multiple items up for sale, multiple bidders can win. Also, one bidder can try to buy more than one quantity of the same item. All winning bidders pay the lowest successful bid amount. Auction - the public sale of something to the highest bidder Bid - formal proposal to buy at a specified price |
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