What is a Dutch Auction and how does it work?
The Dutch Auction format is used to offer multiple identical items in one listing. If the item is available in quantity greater than one and all the items are identical, they are listed as a Dutch Auction with a minimum opening bid. The winners of a Dutch auction are those bidders with the highest bid amounts at the time of auction close, up to the available quantity for the auction. All winners receive the item at the value of the lowest winning bidder’s bid. In Dutch Auctions, the current standings are always displayed in the bidding history during the course of the auction, and the complete bidding history (including unsuccessful bids) is available as well. Dutch Auction bids must have a higher Total Bid Value than previous bids. The Total Bid Value of the bid is determined by multiplying the mile amount bid by the number of items bid on. Bidders in a Dutch Auction will receive Outbid Notices if they are scrolled off the list of successful Dutch Auction bidders. Therefore Dutch Auct
