 |
Multiple Auction Types
Auction Pro supports several different types of
auctions: Standard, Reverse, and
Dutch. Auction Pro gives you the option to
decide which of these types you want to offer. You
might want to have a site that only has Reverse
auctions. Or maybe you only need Standard and Dutch
auctions. With Auction Pro, the choice is yours.
|
Standard
Auction |
This is the most
popular type of auction where the auctioneer
sets starting bid amount and the bidders drive
the price up. The highest bidder at the close of
the auction is the winner of the auction. |
|
Reverse Auction |
This is just the
opposite of the Standard auction. The auctioneer
sets the starting bid and the bidders drive the
price down. The lowest bidder at the close of
the auction is the winner. This type of auction
is perfectly suited for auctioning of jobs,
services, or items wanted. |
|
Dutch Auction |
The Dutch auction
is extremely common on business related sites.
It is used when your auctioneer wants to offer
multiple items but does not want them to be
grouped together as a single lot. The bidder
then has the choice to bid on as few as one item
or as many as the total number offered. The
bidding process works similarly to a Standard
auction in that the bidders will drive the price
up. The winning bidders will be the highest
bidders in the list that can be fulfilled with
the quantity of items being auctioned. For
example, if a Dutch Auction has 16 items up for
bid and at least six bidders want three items
each, only the five highest bidders will get all
three of the items they wanted. The sixth bidder
will only be able to get one item. Any
subsequent bidders will not receive any. |
(Click Here)
Auction Pro provides a number of views, or ways
your site users can look through the lists of items
posted. By having a variety of views, even the
busiest sites can make it easy for site visitors to
find items of interest to them.
|
New |
This view shows the items that have been posted
recently. The site administrator can define the
time period that is considered recent. |
|
Featured |
The Featured view allows your auction site users
to highlight special items. On sites where users
will pay to post items, you can define a premium
price users will pay to be highlighted in this
fashion. Featured auctions also appear at the
top of lists when the user is browsing or
searching for auctions. |
|
Gallery |
The Gallery view allows users to find only
auctions that have images associated with them.
The administrator can choose to set a premium
price for allowing an auction to appear in the
gallery. |
|
Closing Soon |
The Closing Soon view allows the site users to
find out about items they might have otherwise
missed out on. Since on very active auction
sites a lot of activity might not occur until
the very end of the auction, it gives users a
way to locate and participate in the most active
auctions. |
|
|
|
