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  2. Unique bid auction - Wikipedia

    en.wikipedia.org/wiki/Unique_bid_auction

    There are two major variants of unique bid auctions: In a highest unique bid auction, the bid that is the highest and unmatched when the auction closes is the winning bid. A maximum bid value is usually set at a much lower level than the actual value of the lot. In a lowest unique bid auction, the bid that is the lowest and unmatched when the ...

  3. Bidding - Wikipedia

    en.wikipedia.org/wiki/Bidding

    Unique bidding: In this case, bidders place bids that are global unique bids which means that for the bid to be eligible, no other person can place the bid in this amount and the biddings are usually secret. There are two variants of this type of bidding : highest unique bidding and lowest unique bidding. Dynamic bidding: This is a type of ...

  4. Auction - Wikipedia

    en.wikipedia.org/wiki/Auction

    The winner selection in most auctions selects the best bid. Unique bid auctions offer a special winner selection: [78] the winner is the bidder with the lowest unique bid. The Chinese auction selects a winner partially based on randomness. [68] The final price for the selected winner is not always conducted according to their final bid.

  5. How You Can Score Random, Cheap Stuff on GovDeals - AOL

    www.aol.com/score-random-cheap-stuff-govdeals...

    When government agencies need to get rid of stuff, they put it up for auction. That’s what makes government auction sites, like GovDeals.com, a great place to find truly unique finds at a steep ...

  6. Reverse auction - Wikipedia

    en.wikipedia.org/wiki/Reverse_auction

    A reverse auction is similar to a unique bid auction because the basic principle remains the same; however, a unique bid auction follows the traditional auction format more closely as each bid is kept confidential and one clear winner is defined after the auction finishes.

  7. GM dealer Rick Hendrick pays $3.7M to own Corvette ZR1, the ...

    www.aol.com/gm-dealer-rick-hendrick-pays...

    The bid tied the record for the annual auction of collector cars. The only other vehicle to fetch that much was the 2022 sale of the first retail 2023 Corvette Z06 70th Anniversary Edition ...