Auction on the Internet Suggestions

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Auction on the Internet Suggestions :thumbsup:

 

Rules for bids at an internet auction:

 

I need to have an auction like the ebay auction.

 

First of all: The maximum bid will be a "hidden bid".

 

For example:

 

I have an item for US$ 50.

 

A "registered bidder" bid US$ 100 (hidden bid). You will see only US$ 50 and under these value : 1 bid.

 

After that supose we have another bidder. He bid US$ 70 for the same item. These bidder will see at the screen BID AGAIN and the value US$ 71, 2 bids.

 

It will appear the message YOU ARE THE HIGHER BIDDER only if we have bids above US$ 100 (bid US$ 101 for example). In these moment the ex-higher bidder will receive na email regarding these event.

 

It is necessary to have the option with "reserve price" to list for example US$ 20 with a hidden reserve price of US$ 50. Is possible to bid US$ 25, 30 or 40, but he will receive a message: bid under the reserve price. If auction ends without reaching the reserve price a private treaty is possible. Over the reserve price we have the auction following the old way. Is necessary to have the option BUY IT NOW . Listed with a start price of 20 but is possible to interrupt the auction buiyng now for 50, for example.

 

Visiting ebay will be very easy to undestand the correct way to do these work.

 

Is nice to have many oprions for days (3, 7, 10 and 30 days auction).

 

Best regards

Edited March 8, 2007 by ottoza