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What is the difference between an English Auction and a Dutch Auction?

April 26, 2017auction difference Dutch English

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What is the difference between an English Auction and a Dutch Auction?

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The main difference between the two is quantity. An English Auction is an auction in which you are attempting to be the highest bidder on a listing of which there is only a quantity of one. A Dutch Auction is a unique type of auction designed for Sellers with a number of identical items to sell. The Seller specifies the minimum price (starting bid) and the exact number of items that are available at that price. The bidders bid at or above that minimum price also indicating the number of items that they are interested in buying. In Dutch Auctions, the combination of highest bidders and earliest bidders are winners of whatever quantity is available. The value of a bid in a Dutch Auction is derived by the total quantity of items bid on and multiplied by the bid price.