We will shortly be coming up with the following updates in the flow of the proxy bidding functionality of our Product Auction App. This is done to enhance the app’s functionality.
Please make a note of the following three cases. All the cases are explained in the form of examples:
UPDATES: CASE-I
PREVIOUS FLOW
Suppose, there is an auction on a product with:
Reserve Price= $50
Increment Rule= $10
User A placed a normal bid of $10. Then later, placed a proxy bid of $200.
Further, User B placed a normal bid of $195 and the auction ends with this.
So, previously the bidder entry was for the bid $195 by User B.
Since the difference between the last normal bid and the proxy bid was less than the increment rule ($10). So, there was no entry for User A‘s Proxy Bid of $200.
Hence, User B was declared the winner & if User B rejects this, no winner was left.
UPDATED FLOW
Suppose, there is an auction on a product with:
Reserve Price= $50
Increment Rule= $10
User A placed a normal bid of $10. Then later, placed a proxy bid of $200.
Further, User B placed a normal bid of $195 and the auction ends with this.
Now, there will be two bidder entries with the following sequence:
- User A with a $200 bid
- User B with a $195 bid
Thus, User A will be declared as the winner. If User A rejects the offer, the new winner will be User B.
UPDATES: CASE-II
PREVIOUS FLOW
Suppose, there is an auction on a product with:
Reserve Price= $50
Increment Rule= $10
User A placed a normal bid of $10. Then later, placed a proxy bid of $200.
Further, User B placed a normal bid of $205 and the auction ends with this.
So, previously the bidder entry was for the bid $205 by User B.
Since the difference between the last normal bid and the proxy bid was less than the increment rule ($10). So, there was no entry for User A‘s Proxy Bid of $200.
Hence, User B was declared the winner & if User B rejects this, no winner was left.
UPDATED FLOW
Suppose, there is an auction on a product with:
Reserve Price= $50
Increment Rule= $10
User A placed a normal bid of $10. Then later, placed a proxy bid of $200.
Further, User B placed a normal bid of $205 and the auction ends with this.
Now, there will be two bidder entries with the following sequence:
- User B with a $205 bid
- User A with a $200 bid
Hence, User B will be declared as the winner. If User B rejects the offer, the new winner will be User A.
UPDATES: CASE-III
Suppose, there is an auction on a product with:
Reserve Price= $50
Increment Rule= $10
User A placed a normal bid of $10. Then later, placed a proxy bid of $200.
Further, User B placed a normal bid of $200 and the auction ends with this.
Now, there will be two bidder entries with the following sequence:
- User B with a $200 bid
- User A with a $200 bid
Thus, User A will be declared as the winner. If User A rejects the offer, the new winner will be User B.
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