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Siebel eAuction Guide > Managing Third-Party Auctions > Creating a New Auction >
Adding Auction Parameters (Vickrey Auction)
Price and time intervals are unique for Vickrey auctions. The following fields appear if you selected Vickrey as your auction type on the Auction Information screen. The quantity in a Vickrey or Reverse Vickrey auction is limited to one item.
To define auction parameters for a Vickrey auction
- Complete the following fields on the Create Auction wizard screen.
NOTE: Because the reserve price is not disclosed to the end user, a successful bid shows up with a status of Winning and a positive Quantity Won. However, unless the reserve price is met, there is no order created.
- Click Next.
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Siebel eAuction Guide Published: 18 April 2003 |