Assertion: english auction | /r/HasProperty | open
Facets:
Source sentences:
text: Unlike sealed-bid auctions (such as first-price sealed-bid auction or Vickrey auction), an English auction is "open" or fully transparent, as the identity of all bidders is disclosed to each other during the auction.
text: This sets it apart from the more common English auction, also known as the open ascending price auction, where participants can make multiple bids and bid against each other.