Bidding on multiple items in an auction listing (Multi-Item
Auction)
Multi-Item Auction listings allow a seller to offer two or more identical items
in one auction listing. This means the auction can have more than one winner.
When a buyer places a bid on a Multi-Item Auction, they specify how many items they
wish to buy and the maximum price they wish to pay per item.
Winning bids are selected in order of bid amount followed by in order of earliest
bid time. For example a bid of $20 for 10 items takes priority over a bid of $18
for 20 items. If two bids have the same amount per item, the earliest bid takes
priority.
Just like in a traditional auction, the bidder with the highest bid per item gets
first choice of how many items they want, and the bidder with the second highest
bid per item gets second choice of how many items they want and so on.
Auto-Bidding - as with normal auction listings on quicksales, bidders can rely on our
Auto-Bidding system to place the lowest possible bid for them on their behalf. See Auto-Bidding
for more info.
Example
- Auction listing has quantity of 10 items with 4 bidders, the start price is $5 and
the bid increment is $0.10.
- Bidder A placed a bid of $10 for 2 items
- Bidder B placed a bid of $11 for 5 items
- Bidder C placed a bid of $12 for 3 items
- Bidder D placed a bid of $13 for 4 items
In the example, the highest bid was placed by bidder D and the outcome would look
like this:
|
Bidder
|
Bid Amount
|
Quantity Wanted
|
Qty Won
|
Price Per Item
|
|
Bidder D
|
$13
|
4
|
4
|
$12.10
|
|
Bidder C
|
$12
|
3
|
3
|
$12
|
|
Bidder B
|
$11
|
5
|
3
|
$11
|
|
Bidder A
|
$10
|
2
|
0
|
|
Important information for sellers:
- To list a Multi-Item Auction simply list your item as an Auction with a quantity
of two or more.
- If the item ends with multiple bidders, the highest bidder will be allocated the
original item number. Subsequent winners will each be allocated a new item number
(a BuyNow item with the Price and Qty they won).
- If the listing ends with items remaining, the remaining quantity will be relisted
as a new Multi-Item Auction once the highest bidder completes checkout.
Important information for buyers:
- When you place a bid on a Multi-Item Auction you will need to specify how many items
you wish to buy and the maximum price you wish to pay per item.
- The highest bidder of a Multi-Item Auction will be allocated the original item number,
subsequent winners will each be allocated a new item number (a BuyNow item with
the Price and Qty won).
- If you are the highest bidder, please complete checkout as soon as possible so the
seller can have the remaining quantity relisted.
- Winning bidders cannot withdraw from the transaction if they did not win their desired
quantity, so only bid if you are willing to complete the transaction regardless
of the quantity you actually end up winning.
|
