Dubli Unique Bid Explained

This auction requires bidders to place bids that are unique. For a bid to win no other bidder can have made a bid for the same amount and it has to be the lowest amount with only one bidder.  Bidders are able to place multiple bids and the number of current bids at each amount is kept secret. Lowest Unique Bid: The bid that is the lowest and unmatched when the auction closes is the winning bid. A Unique bid auction may run as follows: Bid Price         Bids Received .25                  ...

Dubli’s "Xpress" Reverse Auction Explained

Dubli Xpress is a variation on a reverse auction.  All products show an initial sales price that is among the lowest, if not the lowest to be found online.  That’s the product’s starting price.  The actual current price is hidden until one decides to check the price by using a Dubli credit (value: 80 cents US).  With each use of a Dubli credit, the sales price will decrease by 25 cents US.  Therefore the current sales price will always be lower than the starting sales price.  Very often it will...