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Siebel eAuction Guide > Siebel eAuction Overview > Auction Types >
English Auction
An English auction, also called a Forward auction, is the traditional and most popular auction type. In an English auction, an item sells to the bidder with the highest bid. If multiple-quantity items are auctioned, all winning bidders pay their bid price.
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Siebel eAuction Guide Published: 18 April 2003 |