You'll be using this auction variant most often. Auction starts with a start price, and pre defined increment & extension rules. As auction progresses, competition increases & you realize maximum revenue. Ideal to selling everything & is one of the most simple variant of auction in use. Auction closes when no one outbids the highest bidder. For product demo, request here.
If you got something exclusive, than use Japanese clock auction. Unlike English auction, Japanese auction comprises of multiple sealed rounds. And it is mandatory for bidder to bid in each & every round, to stay in competition. System keeps increasing the bid as per pre defined increment rule. Auction ends when only demand is zero or negative. For product demo, request here.
Got something priceless to auction, you can sell it using our Vickery auction variant. Unlike other auction methods, in this auction bidders are free to bid high amount & not restrict themselves by increment rules. The bidder who quotes the highest price wins, but pays the 2nd highest price derived using Vickery nearest core pricing formula. For product demo, request here.
When you want to factor various parameters when deciding the winner & not just price, then you can use our weighted auction method. When a bid is submitted, system weigh real time various parameters like experience, ownership, quality, delivery period, technology, etc. and ranks the bid. Parameters & weightage can be defined on the fly. For product demo, request here.
You may want to give select bidder preference over other bidders e.g. when disposing scrap you may want to give preference to bidder who ensure that disposal is done in eco-friendly way. In such cases, the bidder who has preference advantage may win auction, even though he may not be the highest bidder because of price preference given to him. For product demo, request here.
When you want to auction something which is very scarce, but lots are symmetrical, you can use Combinatorial Clock Auctions. It's a combination of SMRA + Vickery Action. It supports bidding in a combination & thus bidders get what they want or nothing. Ideal for auction of Radio Spectrum, Berthing rights at Ports/Airports, Mining rights, etc. For product demo, request here.
When you want to auction something which is very scarce, but lots are not symmetrical, you can use Simultaneous Multi Round Ascending Auction. It's ideal for auction of Radio Spectrum, Berthing rights at Ports/Airports, Mining rights, etc. This auction method will ensure maximum lots are sold for maximum value. For product demo, request here.
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