Bronte Posted December 18, 2013 Share Posted December 18, 2013 (edited) A reverse auction is a type of auction in which the roles of buyer and seller are reversed. In an ordinary auction (also known as a forward auction), buyers compete to obtain a good or service by offering increasingly higher prices. In a reverse auction, the sellers compete to obtain business from the buyer and prices will typically decrease as the sellers undercut each other. Please read the description. Greetings Mentletenno Post your bids for Heavy Calibre here i will start it at 175 platinum unranked. Edit: I'll keep this open for the weekend unless i get bored or forget about it. ^_^ Edited December 18, 2013 by Bronte Link to comment
DAFIRE Posted December 18, 2013 Share Posted December 18, 2013 175 is really overpriced for an unraked heavy caliber.. Link to comment
Bronte Posted December 18, 2013 Author Share Posted December 18, 2013 175 is really overpriced for an unraked heavy caliber.. But it's just the starting bid, if someone wants to sell me one at that amount they can offer, then if anyone else sees that offer and would accept something for less then that amount then they can put a lower bid, hence the "Reverse Auction". Link to comment
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