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How Is the Winning Bidder Determined?
Posted by , Last modified by on 24 August 2011 11:08 AM

Bidders are ranked according to the following ranking algorithm: amount, quantity, and time.

If one bidder bids higher than the other, then the bidder with the higher bid amount will rank first.

If two bidders bid the same amount and there is more than one quantity available, then the bidder that bids for the higher quantity will rank first.

If two bidders both bid the same amount and the same quantity, then the bidder that bid first will rank higher. With automatic bids, the original time stamp at which the automatic bid was placed is used.