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Sealed-bid Auction

A Sealed-bid auction is an auction in which bids are not disclosed to the bidder until the auction closes and the winning bid is resolved. This auction type can be used in conjunction with an English auction or a Reverse auction. A Vickrey auction is automatically a Sealed-bid auction.

Due to the price and time factors of a Dutch auction, a Dutch auction can never be sealed.


 Siebel eAuction Guide 
 Published: 18 April 2003