Ok, I bid on some velcro tape. The guy had it listed at 1$/foot, with 75 feet listed. To buy more than 1 foot, you enter the quantity you want, in feet.
Well, when I came to the auction.. someone had already bought 12 feet, someone bought 15 feet, and someone bought 47 feet. That leaves 1 foot left.
So I entered a bid of $1.25 and entered 10 feet. It accepted my bid, and it says I won 10 feet. But for some reason it says the final price is $1.00, and that is what it charged me when I automatically paid with PayPal.. even though my "item price" is $1.25.
So my question is this.. since the guy obviously only has 75 feet, and all the orders total 84 feet.. what is he going to do?
It says everybody has paid, but I don't understand how that can be since we went over his quantity.
Are all dutch auctions like this, is it just left up to the auctioneer to fix the problems? I can't imagine that this can potentially happen with every dutch auction, it would be a nightmare?
Well, when I came to the auction.. someone had already bought 12 feet, someone bought 15 feet, and someone bought 47 feet. That leaves 1 foot left.
So I entered a bid of $1.25 and entered 10 feet. It accepted my bid, and it says I won 10 feet. But for some reason it says the final price is $1.00, and that is what it charged me when I automatically paid with PayPal.. even though my "item price" is $1.25.
So my question is this.. since the guy obviously only has 75 feet, and all the orders total 84 feet.. what is he going to do?
It says everybody has paid, but I don't understand how that can be since we went over his quantity.
Are all dutch auctions like this, is it just left up to the auctioneer to fix the problems? I can't imagine that this can potentially happen with every dutch auction, it would be a nightmare?
Facebook
Twitter