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UK Auction Help > Bidding > Auction Types
There are many differnet types of auction

Normal/English/Standard
The most common and widely used auction type, where the bidder who places the highest bid wins the item. A Reserve Price can be set which must be reached or the item is not sold.

Dutch/Multiple
Used when auctioning a number of identicle items. The bidders can choose how many of the available items they would like to purchace. All winning bidders pay the lowest winning bid, per item.

Fixed
More like a classified advert then an auction. Some sites offer multi item Fixed Price 'auctions'.

Turbo
Works like a standard auction but has a low starting price and reserve prices are not allowed. Used to encourage interest in the auction.

Blind/Sealed/Silent
Bids are kept hidden until the Auction ends.

Barter
The bidders get to offer a combination of goods/services and possibly cash, for the item being offered and the seller is able to choose which offer they will accept.

RFQ
Request For Quotation - This is a way of Tendering for some work to be done. The bidder is able to enter details relating to thier offer. The seller can then choose the most suitable offer.

MaxPrice
The item offered has a maximum price and a minimum number of bids set, the highest unique valued bid wins the item, each bidder will normal pay a fee to bid. More of a lottery then an auction.

Reverse
A Wanted advert, in which each person who responds must place a lower 'bid' then the previous responce.

Linked
This auction is a link to the item which is offered for sale on another web site

Private
Bidders ID's are not disclosed to anyone except the seller.

Quick Win/Threshold
Same as a Standard auction except that the auction ends when a preset threshold bid price is reached.

Auto Mark Down
A Multi Item Fixed Price 'auction' with the added twist that over the course of the auction the offer price automatically drops (in a 10 day auction the price would drop 10% each day).
Site Standard Dutch Fixed Turbo Blind Barter RFQ Max Price Reverse Linked Private Quick Auto Mark Down
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CoCoBay ü ü ü                    
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Page Last modified : 9-6-2007
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