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At charity auctions, bid sheets usually have a fixed starting amount, predetermined bid increments, and a "guaranteed bid" amount which works the same as a "buy now" amount. Other variations of this type of auction may include sealed bids. [85] The highest bidder pays the price they submitted. [85]
Calls made during the auction phase of a contract bridge game convey information about the player's card holdings. Calls may be " natural " (that is, are based on a holding of the suit bid, or a balanced distribution in the case of a notrump bid) or " artificial " (show a feature unrelated to the named denomination).
All-pay. Chinese; Bidding fee; Dollar; Amsterdam; Anglo-Dutch; Barter double; Best/not best; Brazilian; Calcutta; Candle; Click-box bidding; Combinatorial; Common value
Dial-type silent auction was also invented by the Dutch and is a modern form of reduced-price auction. That is to say, the auctioneer first announces the highest price in public, which is displayed on the corresponding scale on the electronic auction clock, and then the bidder presses the button to bid one by one.
A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2]: p2 [3]
If the opponents bid over a bar bid raise, the partner who made the bar bid may intend to pass, double for penalty, preempt, or raise again to push the opponents. Hence, the reason that partner is barred. The partner who made the bar bid may be ″operating.” None of the other three players can know the intent of the player who made the bar bid.