Siebel eAuction Guide > Auction Properties > Bidding Examples — Raise AutoBid to Reserve Price >

Bidding Scenario for AutobidToReservePrice = TRUE

This example illustrates the bidding rules used when a single-quantity auction is auctioned with a English bid type using AutobidToReservePrice = TRUE. In this example, several bidders use the AutoBid feature. The Accept Partial Quantity setting does not influence a single-quantity auction because the auction contains only one item.

Note how the following properties have been set in the S_SYS_PREF table:

This auction is a single-quantity auction. The starting bid is set at $200, the bid increment is set at $25, and the bid is not sealed. The reserve price is $300.

The bidding for this auction is shown in the following tables ordered by first bid, second bid, third bid, and so on. The first part of Table 31 shows the user's bid; the second part of the table shows the result of that bid.

Table 31.  First Bid in English Auction with eAuc:AutobidToReservePrice = TRUE
User Placing Bid
Max Bid Amount
Quantity Bid
Accept Partial Quantity
Mary
350
1
TRUE
Results after Bid
For User
Current Bid Amount (Max Bid)
Quantity Bid
Quantity Won
Mary
300 (350)
1
1

Bid Summary: Mary enters a Maximum Bid Amount (AutoBid) of $350. Because eAuc:AutobidToReservePrice = TRUE, her bid amount is raised by Siebel eAuction to meet the $300 reserve price set by the lister.

Table 32 lists the results from the final bid in the auction.

Table 32.  Final Bid in English Auction with eAuc:AutobidToReservePrice = TRUE
User Placing Bid
Max Bid Amount
Quantity Bid
Accept Partial Quantity
Don
400
0
TRUE
Results after Bid
For User
Current Bid Amount (Max Bid)
Quantity Bid
Quantity Won
Don
375 (400)
1
1
Mary
350 (350)
1
0

Bid Summary: Don enters a Max Bid Amount of $400, and his bid is raised to $375 (three increments of $25 each) to beat Mary's Max Bid Amount of $350.

Auction Results Summary: Don wins the auction with a bid amount that exceeds the lister's reserve price.


 Siebel eAuction Guide 
 Published: 18 April 2003