To win the auction, a bidder must meet or exceed the reserve price and have the highest bid. If no bidders meet the reserve price, neither the seller nor the high bidder are under any further obligation. This option can't be used with Dutch Auctions. When the auction is over, only the seller will know who bought the vehicle. This option can't be used with Dutch Auctions.
Bidders specify both a bid price and the quantity they want to buy.
All winning bidders pay the same price. If there are more buyers than items, the earliest successful bids get the goods. Higher bidders get the quantities they've asked for. Bidders can refuse partial quantities. Not available as a listing option for vehicles.