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What does ‘descending auction’ mean?
What does ‘descending auction’ mean?
BVA Klantenservice avatar
Written by BVA Klantenservice
Updated over a week ago

During the descending auction a counter is shown, which will count down to zero. The bidder who clicks the ‘BUY’ button first is the highest bidder in this phase of the auction. The purchase price will be the sum of the highest bid in the ascending phase, the descending phase, the auction costs and taxes. When there is no bid made during the descending auction, the highest bidder of the ascending phase is the buyer.

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