Highest Bidder Auction
Rules

Highest bidder auction will be created by seller so the rest of auctions. Minimum bid amount will be given by auction creator. After creating auction any user who is registered as a buyer will be able to join in this auction before the given time is over. Bidding list will be displayed in the auction bidding history. Whenever buyer post an offer, no buyer will be allowed to post any lower amount. End of the auction the highest bidder will be chosen as the winner.

  • Highest bidder will win the auction.
  • Seller will decide the starting bid amount / minimum bid amount.
  • No one will be able to bid less amount than the existing highest bid amount.
  • Auction Creator will decide how many times a buyer will be able to bid
  • Only “Highest bidder amount” and “Number of bidder” will be shown in bidding history.
Blind Bidder Auction
Rules

Blind Bidder is similar as highest bidder but only difference is bidding amount will not be shown in bidding history of the auction. Highest bidder will win the auction here also.

  • Highest bidder will win the auction.
  • Seller will decide the starting bid amount / minimum bid amount.
  • Auction Creator will decide how many times a buyer will be able to bid
  • Bidding history will stay hidden.
Unique Bidder Auction
Rules

Unique bidding also will not show the bidding history. The winner will be selected by the specific rules of it. Lowest unique bidder will win the auction.

  • Seller will announce minimum bidding amount. No one will able to bid less.
  • Bidding history will stay hidden.
  • Lowest unique bidder will win the auction.
  • For second bid amount will be adjusted with last bids.
  • If bid is a set or multiple then the winner will be chosen from lowest multiple bidder the one who bid first.
  • There will be no bid increment difference
Vickrey Auction
Rules

A Vickrey auction is a type of sealed-bid auction . Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins but the price paid is the second-highest bid.

  • Highest bidder will win the auction.
  • Winner will pay the equal amount of the second highest bidder.
  • Bidding history will stay hidden.