Jul 14 2022 at 03:55 PM
May 05 2022 at 02:52 PM
Dec 09 2021 at 03:31 PM
Sealed bid auction Bidders are bidding "discreetly", not knowing what other bidders have submitted in the auction. Thus, bidders do not engage in competition with other bidders. This type of auction tends to offer bids based on what they consider the market value of the item. Bids are only revealed at the end of the auction, and the bidder who submitted the highest bid wins.
