Bidding Tactics IF you're caught between two bids and a nice place, here's how to win in a sealed bid auction.

There are two major variants of unique bid auctions:

For example, a unique bid auction might run as follows:

In a unique bid auction, there is no external device that introduces chance or randomness.

The theory of unique bid auctions has been the subject of mathematical investigation.

A seller may decide to hold a live, "open outcry" auction or a "sealed bid" auction.

The auction format used will be single round, sealed bid auction.

The common operational method of the format is that it is an ascending bid auction in which bids are open for all to see.

Both 1500 Broadway and 485 Fifth, along with 13 other properties, were held for a sealed bid auction to be held tomorrow.

All may be purchased at silent bid auction.