Seller announces reserve price or some low opening bid. Bidding increases progressively until demand falls. Winning bidder pays highest valuation. Bidder may re-assess evaluation during auction. Dutch, or descending-price.
Seller announces very high opening bid.
Bid is lowered progressively until demand rises to match supply. While Agorics, Inc. reserves all copyrights, the information contained in this document is to be considered public information and is available for use without restriction. Agorics disclaims any warranty as to the utility, accuracy or effectiveness of the information contained in this document and specifically disclaims any liability for consequential damages that may result directly or indirectly from use of the information in this document.