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Sealed-Bid Auctions

The bidding in a Sealed-bid auction remains secret until the auction ends. A bidder in a Sealed-bid auction can see only his or her own bidding history—the bidding histories of other bidders are not displayed. Only the global or catalog administrator and the lister can view all bids placed for an auction.

The bidding logic for a Sealed-bid auction is the same as the bid type to which it is applied. In a Sealed-bid auction, all bids are accepted if they are higher (or lower) than a bidder's previous bid.

The Sealed-bid attribute can be applied to all bid types except for Dutch auctions, and Vickrey and Reverse Vickrey auctions are automatically Sealed-bid auctions. The AutoBid feature is not available for Sealed-bid auctions.


 Siebel eAuction Guide 
 Published: 18 April 2003