Holiday Auction Auctions conducts three types of Auctions.
1) Normal type of auctions with a little twist: Registered members bid the highest price they are willing to pay for an item and bidding activity stops when either the auction duration is complete or the Seller selects the winning Bidder.
THE TWIST: Holiday Auction allows you to select winning bidders at any time prior to auction expiry. If you, the Seller, are not satisfied with the bids as they have been submitted you may also extend, close, or let your auction expire. You are NOT OBLIGATED to sell your item at any given time.
2) Dutch auctions: Special type of auction designed to handle a number of identical items to sell. The seller should specify the minimum price (starting bid) and the exact number of items that are available at that price. The bidders bid at or above that minimum price for the number of items that they are interested in buying. At the end of the auction, the highest bidders earn the right to purchase those items at the minimum successful bid.
3) Yankee Auctions: A variation of the Dutch Auction where successful bidders pay what they bid as opposed to paying the price determined by the lowest qualified bidder (as in a Dutch Auction).
