totem
Addicted Member
A pair of L09,s that might be great for parts or restoration?
http://cgi.audiogon.com/cgi-bin/auc.pl?ampstran&1311212750
http://cgi.audiogon.com/cgi-bin/auc.pl?ampstran&1311212750
Kenwood L09 amps
- Thread starter totem
- Start date
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Have I read this incorrectly,or would a bidder only be able to buy a single L-09M?
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"Multiple items selling within one auction listing, with multiple winning bids. Seller declares an opening bid, and how many items are available. All items must be identical, including finish, age, and condition. Thus, Dutch Auctions are best suited for special promotions of new products.
All winning bidders pay the same price, which is the lowest winning bid. If there are more items than interested bidders, than each bidder wins one item at the starting price. If there are more bidders than items, then the price starts to rise. Winners are selected by highest bid first, then by the earliest entries in case of equal bids. Below are some examples.
Examples:
Seller lists 5 tubes in a Dutch auction, with the opening bid set at $10.
If 3 people submit bids, then all three win one tube each, for $10.
If 1 bidder entered $25, and 4 others entered $10, then all 5 bidders pay only $10, even though one bidder had entered $25, because all bidders pay the same price. However, if the first bidder entered $25 early, and 5 others bid $25 later, then the early bidder and only 4 of the later bidders would win. In case of equal bids, the earliest bids win. Thus, if there are 5 items for auction, then the 5 highest and earliest bidders win, but they all pay the lowest winning bid price. Thus, the best strategy is to bid your maximum price right away. Remember, you may actually pay less than your bid, and only as much as demand allows.
Some auction venues allow bidders to specify a bid as well as a quantity they want to buy. However, Audiogon's Dutch auctions limit bidders to one item each, so that more people have a chance to get good deals.
Currently we are testing Dutch auctions through the Audiogon Dealers only, but all members may bid on Dutch auctions."
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"Multiple items selling within one auction listing, with multiple winning bids. Seller declares an opening bid, and how many items are available. All items must be identical, including finish, age, and condition. Thus, Dutch Auctions are best suited for special promotions of new products.
All winning bidders pay the same price, which is the lowest winning bid. If there are more items than interested bidders, than each bidder wins one item at the starting price. If there are more bidders than items, then the price starts to rise. Winners are selected by highest bid first, then by the earliest entries in case of equal bids. Below are some examples.
Examples:
Seller lists 5 tubes in a Dutch auction, with the opening bid set at $10.
If 3 people submit bids, then all three win one tube each, for $10.
If 1 bidder entered $25, and 4 others entered $10, then all 5 bidders pay only $10, even though one bidder had entered $25, because all bidders pay the same price. However, if the first bidder entered $25 early, and 5 others bid $25 later, then the early bidder and only 4 of the later bidders would win. In case of equal bids, the earliest bids win. Thus, if there are 5 items for auction, then the 5 highest and earliest bidders win, but they all pay the lowest winning bid price. Thus, the best strategy is to bid your maximum price right away. Remember, you may actually pay less than your bid, and only as much as demand allows.
Some auction venues allow bidders to specify a bid as well as a quantity they want to buy. However, Audiogon's Dutch auctions limit bidders to one item each, so that more people have a chance to get good deals.
Currently we are testing Dutch auctions through the Audiogon Dealers only, but all members may bid on Dutch auctions."
