Buying: LabAuction
What happens in the event of a tie? | ||
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In the event of a tie, the first bid entered is always considered the high bid. The winning or leading bid is identified with a “1” in the top row of the “Bid History” box.
If a newly placed bid matches a previously placed proxy bid, the first entered bid will be honoured as the primary bid and the newly placed bid will be reduced by one dollar placing it in the second position. The second bidder must enter a new value above the highest proxy bid amount to win the auction.
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