This is often used in charity events with many items auctioned simultaneously.
This auction is often used in charity events, with many items auctioned simultaneously and "closed" at a common finish time.
The auction is "silent" in that there is no auctioneer selling individual items,the bidders writing their bids on a bidding sheet often left on a table near the item.
At charity auctions, bid sheets usually have a fixed starting amount, predetermined bid increments, and a "guaranteed bid" amount which works the same as a "buy now" amount.
The highest bidder pays the price he or she submitted.
The auction is "silent" in that there is no auctioneer selling individual items,the bidders writing their bids on a bidding sheet often left on a table near the item.
At charity auctions, bid sheets usually have a fixed starting amount, predetermined bid increments, and a "guaranteed bid" amount which works the same as a "buy now" amount.
The highest bidder pays the price he or she submitted.
