Sellegit customizes the Dutch auction method for local trading called Peach
Channel: Robert Scoble's Building 43
Date: 2015-02-09

Unlike traditional auction sites, Sellegit uses the Dutch auction system, where sellers select a maximum item price that drops over time. Each auction ends when the first user clicks “Buy”, so buyers don’t need to wait until the end of an auction to win. At the same time, their price-dropping mechanism ensures that each seller gets the highest price for their item. 

Peach is whole new way to shop designer fashion & luxury and holds private auctions for quality goods from designer brands. They pick the latest trends from top brands. And the best part is? You always pay the second highest offer.

https://www.peachapp.com
https://www.RackspaceStartups.com