an auction where the price is lowered gradually – from a price well above the true value – until a responsive bid is seen. This then becomes the price at which the offering is sold. The U.S. Treasury sells its Treasury Bills using a similar basis where the bids are termed tenders.
An alternative to the traditional IPO allocation process ("bookbuilding") that attempts to level the playing field for investors. In this more competitive auction market, investors that bid higher prices get the most shares. The most well known form of the Dutch Auction is the OpenIPO system pioneered by Bill Hambrecht of Hambrecht & Quist, in which the bidding for the IPO creates a market-clearing price--the price at which the company can sell all the shares it wants to sell. The highest bidders win, but all of them wind up paying the same price as the bidder with the lowest accepted bid. In other words, everybody--institutional and individual investors alike--pays the same price, and many wind up paying less than they bid.
An auction in which property is offered to the public at a price beyond its value; the price is gradually lowered until someone purchases the property.
A type of auction in which the price on an item is lowered until it gets its first bid and is sold at that price. The Treasury auction is a Dutch auction.
a method of conducting an IPO whereby newly issued shares of stock are committed to the highest bidder, then, if any shares remain, to the next highest bidder, and so on until all the shares are committed. Note that the price per share paid by all buyers is the price commitment of the buyer of the last share.
A single auction with many identical items for sale. More than one bidder can buy items in a dutch auction. Dutch auctions are very useful for businesses. The dutch auction feature will be available in the future.
Is just like a standard auction except the seller is selling more than one of the item and the winning bidder has the option of buying as many of the item as they want for the winning bid price.
An auction where multiple quantities of the same lot are being offered. The name comes from the Dutch territories where flower auctions use this system to sell. In a dutch auction the winning bid is the lowest price necessary to sell all stock.
a method of selling in which the price is reduced until a buyer is found
a basic descending price auction, which means that bidding starts at a high price and is progressively lowered until a buyer claims an item
a fast-paced, free-for-all format and is best suited when you have multiple, identical items to sell
a listing containing more than one of the same item
a long standing financial auction format, used for generations to price treasury auctions because it is such a fluid market
a method for a seller to sell many identical items to several buyers at various prices while only listing the lot once
a method of sale that entails the public offer of the property at a price in excess of its value, accompanied by a gradual reduction in price until the item is purchased
a multiple-item auction listing
an auction in which the seller has multiple identical items to sell
an auction in which the seller lists multiple quantities of an identical item
an auction with multiple of the same item for sale
a special auction formated to handle a situation in which a seller has multiple, identical items that he/she wishes to sell
a special auction format in which a seller can list multiple identical items he or she wants to sell
a special auction format used by Pool
a unique type of auction designed for Sellers with a number of identical items to sell
A listing in which a seller offers multiple identical items for sale. For example, a seller might offer 500 pens, each at a starting price of $0.99. Unlike a regular listing, Multiple Item Auctions can have many winners. You can specify the number of items you're interested in and the price you're willing pay. Winning bids are determined by their overall value (bid price times the number of items bid on). Be sure to learn more about how Multiple Item Auctions work before you participate. A group of buyers and sellers who are the members of the eBay community. Members can see announcements and calendar events, as well as use discussion boards, groups, and find quick help from other members. .
A Dutch auction is used to sell more than one identical lot of merchandise. In this format a bidder must submit both a price and quantity of lots. All the winners pay the same price. The final amount is determined by the lowest successful bid. For example, in a two-lot scenario should there exist one bidder who places a bid at $1,800.00 for one lot and another bidder who bids $2,000.00 for one lot, they both pay $1,800.00. Likewise in the same two-lot scenario, should you have one bidder who has bid $1,800 for 2 lots for a total of $3600.00 and afterward another bidder bids $2500.00 for 2 lots for a total of $5000.00, the bid would not increase by the lowest increment from $1,800.00 but would increase all the way to $2500.00. There is no proxy bidding in a Dutch auction.
A specific auction format in which a seller has multiple, identical items listed for bidding. The seller specifies the minimum price (the starting bid) per item, and the number (quantity) of items offered. Bidders bid at or above that minimum price per item for the quantity of items they are interested in purchasing. At the close of the auction, the highest bidders purchase the items at the lowest successful bid.
An auction where a seller is auctioning off two or more identical items to different bidders. Each bidder places a maximum bid (as in a normal auction) and also states how many of the items he or she would like. At the conclusion of the auction, each successful bidder pays the amount of the LOWEST successful bid.
An auction in which more than one identical item is offered for sale at the same time. With multiple items up for sale, multiple bidders can win. Also, one bidder can try to buy more than one quantity of the same item. All winning bidders pay the lowest successful bid amount.
An auction format which accommodates a seller with multiple identical items for sale. The seller specifies the minimum price (the starting bid) and how many items are available. Bidders specify the number of items they want and how much they bid for each one. The final price is determined by the lowest bid among all the winning bidders. The highest bidders are always guaranteed an item, but at the lowest bid price. Escrow: Money held in trust by a third party until the seller makes delivery of merchandise to the buyer. i-escrow.com and escrow.com are examples of on-line escrow services. Featured Auctions: Auction listings placed prominently on the home page and category pages for which listers pay a premium price.
An auction format in which a seller lists multiple identical items for sale. All winning bidders pay the same price, which is the lowest successful bid. Back to the top
An auction, in which multiple lots of the same item are up. Bidders can bid on both quantity and price.
An auction, which begins at a starting price and is lowered until a purchase occurs. Entry and Possession A foreclosure method used in some states which the lender either peacefully or by court order takes possession of the property from the borrower.
Method of sale whereby the lowest price at which the entire issue can be sold is established as the uniform price for the entire issue.
Auction format for selling multiple, identical items at same time. Bidders choose the number of items they want... and how much they want to bid. The final price is determined by the lowest bid among all the winning bidders. The highest bidders win, but pay the lowest bid price.
Auction method used in which the security's price is gradually lowered until it meets an acceptable bid and is sold. The Treasury uses this auction system when selling new notes or bonds to determine the lowest bid price (stop-out price). The opposite is the "auction market" system used by major stock exchanges. See: Treasury Bill
An alternative to the traditional negotiated pricing process used by underwriters to set IPO prices. This method requires the underwriter to solicit bids from potential investors. Investors indicate the number of shares that they want and the price that they are willing to pay per share. Shares are then priced at the lowest clearing price. Allocations are made with priority given to the highest bidders, first with regard to bid price and then according to bidded share size. Because the only considerations taken into account for allocating shares are the bid price and shares, this pricing method does not discriminate between institutions and individuals with regard to allocations. W.R. Hambrecht is the only investment bank to employ this method and does so only through the use of an online bidding platform. E-F
when a seller has two or more identical items offered in the same listing; also known as a Multiple Item listing
A listing in which a seller offers multiple identical items for sale. Unlike a regular listing, Multiple Item Auctions can have many winners. Buyers can specify the number of items they're interested in and the price they're willing pay. Winning bids are determined by their overall value (bid price times the number of items bid on). For more information, see Multiple Item Auction.
A method sometimes used when the Treasury is selling new notes or bonds. The Treasury opens all bids and determines the lowest acceptable bid price 9stop-out price). All successful bidders pay the stop-out price.
A kind of auction we run where the Seller can list multiple, identical items and buyers are encouraged to buy one or more of those items. For a more in depth explanation of our Auction Styles, click here.
Auction in which the lowest price necessary to sell the entire offering becomes the price at which all securities offered are sold. This technique has been used in Treasury auctions.
A competitive bidding technique in which the lowest price necessary to sell the entire amount of securities offered becomes the price at which all securities are sold.
An auction of a debt instrument (such as a Treasury note) in which all successful bidders receive the same yield (the lowest yield that results in the sale of the entire amount to be issued).
An auction type chosen when a seller has multiple identical items for sale and in which there may be several winners. Bidders must offer a bid price and a purchase quantity. The top winning bid is determined by the overall value of the bid (unit bid price times the quantity desired). All winning bidders pay the same price per item, which in some instances, can be lower than the bid you placed. The highest bidders are most likely to receive the number of items requested, but any bidder may refuse partial quantities without further obligation to complete the transaction. A Dutch Auction is sometimes called a Multiple Item Auction.
Dutch auction is a type of auction where the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price, or a predetermined reserve price (the seller's minimum acceptable price) is reached. The winning participant pays the last announced price.