Dutch Auction

Itemcode: Dutch-auction
Pricing, terms and conditions of this Value Added Services
Price per auction: (five hundred thousand)
Pricing: Might be subject to local Value Added Tax (VAT) and Withholding Tax (WHT)

This value added service will remain FREE at least until the end of 2015

About Dutch Auction

A Dutch auction is a type of auction in which the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer’s price, or a predetermined reserve price (the seller’s minimum acceptable price) is reached. The winning participant pays the last announced price.


  • Goto VAS select Dutch Auction and Buy
  • Dutch Auction will be activated
  • Click My Documents-Quotes and Create Quote Request
  • Fill in the document name, ship to , and quantity column
  • Click Dutch Action
  • Set auction details such as date period detail prequalification, grading, bidding time etc.
  • Invite participants
  • Start the Dutch Auction
  • To know more about how Dutch Auction can help with your procurement process and need more info you can click HELP or send us an inquiry at support@tbxone.com