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  #1 (permalink)  
Old 7th June 2007, 04:53 PM
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Lightbulb Lowest Bid Wins Auction

I have started a little experiment to see how it goes.

It's an aution where the lowest bid wins. Yes, indeed.

Althought it's an experiment, the auction is for real. Check it out here:

http://www.dnlocal.com/special_aucti...e-t2744.0.html

If people like it, we might do more...
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Old 7th June 2007, 05:54 PM
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Re: Lowest Bid Wins Auction

Interesting experiment but I don't see the point without a reserve. Won't the first to pm you 1$ win?

IMO it would be nice to have a reserve and do kind of a reverse "price is right" on it. The one person with the closest bid to the reserve without going under wins at the end of the bidding period.

Just an idea

Edit: oops just saw lowest UNIQUE. in that case it's an awesome idea can't wait to see how it goes
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Old 7th June 2007, 06:09 PM
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Talking Re: Lowest Bid Wins Auction

Quote:
Originally Posted by nicb5
Edit: oops just saw lowest UNIQUE. in that case it's an awesome idea can't wait to see how it goes
Thanks nicb5 !
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Old 7th June 2007, 06:09 PM
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Re: Lowest Bid Wins Auction

didn't explicitly say POSITIVE or non-negative integers tho
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Old 7th June 2007, 06:14 PM
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Re: Lowest Bid Wins Auction

Quote:
Originally Posted by mdw
didn't explicitly say POSITIVE or non-negative integers tho
LOL. You mean, I pay people so that they can have my domain?

Corrected now to Natural number excluding zero
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Last edited by jose; 7th June 2007 at 06:19 PM.. Reason: Automerged Doublepost
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Old 8th June 2007, 09:57 AM
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Smile Re: Lowest Bid Wins Auction

Jose, I can't understand why you needed to put that clarification in - nothing wrong with the earlier rules!!
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