I thought I was quite familiar with eBay Dutch auctions, but the one I am running now makes me wonder ......
(Here is the auction, by the way:
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3273213678 )
I listed 3 lots and an opening bid of $16.66. The first bidder bid $18.68 per lot for all three lots. Let's pretend that no one else bids. As the winner, does he have to take all 3 lots for $18.68 per lot? (Hint: there is no proxy bidding in Dutch auctions.)
I think the answer is "yes." And that seems fair, too, since his high bid could have scarred other bidders away.
Robert
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