Posted 3/19/2009 23:22 (#650084 - in reply to #649553) Subject: Re: Dutch auctions
Alton, Ia
IF, and that's the big unknown, bidders A & B are willing to participate. A lot of people will shy away from something like this, I believe. I just participated in a sealed bid auction, only 3 bids.
If it would work, auctioneers would be doing it already, IMO