[B]DUTCH AUCTION[/B]WRA RIVAL 10 ga Brass shotgun shells

[trooperdan]

I have for sale two lots of W.R.A. brand 10 gauge brass shotgun shells for sale. Head stamp is WRA over Rival. These are primed with an old copper primer, I think a large pistol primer will fit but have not tried it. Each lot contains 9 primed cases. Mouths are in good shape, no dents and the cases are not dark or corroded. Each lot is identical. Bidding begins at $18 per lot plus $9 flat rate shipping. If one buyer purchases both lots, only one charge of $9 will be applied for shipping. Bidding will end Sunday 31 OCT at 6:00 PM EST.

LOT 1 $19 Thraxx

LOT 2 $18 Oldfartz

[oldfartz]

OK, I`m opening with $18 ea on both lots.

[thraxx]

I'll bid $19 on lot 1.

[Catshooter]

So what is a Dutch Auction?

[No_1]

So what is a Dutch Auction?

On this forum any Dutch auction will follow standard Dutch auction rules:

The seller must sell all the items at the lowest winning price at the end of the auction, no matter what.

Winners are based on the highest bids received. If you up the ante, you could win the auction and pay only the lowest winning price, which may be lower than your bid. Confused yet? Say the minimum bid for each of ten Elvis watches is $10 and 20 people bid at $10, each person bidding for one watch. The first ten bidders win the watch. But suppose you come along at the end of the auction and bid $15 as the 21st bidder. You get a watch (as do the first nine people who bid $10), and you get the watch for the lowest successful bid — which is $10! Get it?

Know where you stand in the pecking order. You can see a list of high bidders (and their bids) by clicking the Bidders List link on the auction page, so you always know where you stand in the pecking order.

Avoid being the lowest or the highest high bidder. The highest bidder is sure to win, so the usual bidding strategy is to knock out the lowest high bidder. The lowest high bidder is said to be on the bubble — on the verge of losing the auction by a couple of pennies. To avoid being the bidder on the bubble, keep your bid just above the second-lowest winning bid.

If you want to buy more than one of an item up for auction, make sure you have that number of successful high bids as the auction draws to a close. Huh? Remember, winners are based on the highest bids. If you’re in a multiple-item auction for ten items and place five $15 bids, nothing guarantees that you’ll win five of the items. Nine other people who want the item could bid $20 apiece. Then they each win one of the items at $15, and you end up with only one of the item. (At least you still pay only $15 for it.)

[Catshooter]

Thanks No. 1.

[Springfield]

I'll bid 20.00 on both lots.

[Nueces]

I bid $25 for each lot

[trooperdan]

Looks like Nueces gets both lots for $25 each, thanks for bidding guys!