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Siebel eAuction Guide > Auction Results > Sealed-Bid Auctions >
Bidding Scenario Without the Sealed-Bid Attribute
This example uses the same auction as the example, Bidding Scenario Using the Sealed-Bid Attribute. In this example, SEALED_FLG is set to N, indicating the auction is not a Sealed-bid auction. This example, shown in Table 10, is a single-quantity auction.
Bid Summary: Mary enters a $20 AutoBid (Maximum Bid Amount) and a Quantity of 1.
Table 11 lists the results from the second bid in the auction.
Bid Summary: Don receives a "bid too low" message after entering his Max Bid Amount. His Max Bid Amount drives up Mary's bid automatically to $11 as a result of her Max Bid Amount of $20. Note that in the Sealed-bid example, Don did not receive an error message.
Table 12 lists the results from the second bid in the auction.
Bid Summary: Don changed his Max Bid Amount to $30. Because Mary's Max Bid could only rise to $20, Don's bid is able to beat her bid by one. Don wins the auction.
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Siebel eAuction Guide Published: 18 April 2003 |