Each bidder in the auction bids the maximum price they are prepared to pay and the quantity they wish to acquire. At the end of the auction everyone will pay the lowest (minimum) price, the same as the last successful bidder to win.
|Number for sale:||50|
|Number of bids:||50|
|Current Minimum:||53750||This price will go up. At the end of the auction this shows the price all will pay. However if you bid less than the end minimum price you get nothing.|
|Current Average:||54470||This is just for information.|