Talk:Reverse auction
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Procurement auction is a seldom-used term. Reverse auction is the terminology used most frequently in most settings, including government and corporate.
The Issues and Opportunities section comes across as somewhat biased against the practice of reverse auctions and admonishes the reader with unsubstantiated opinions which are not provided with references
It should also be noted here that in many settings, a reverse auction sometimes refers to auctions where the lowest unique bid wins, Liverpool FC often run several of these, and I've seen them work in games Jonomacdrones 20:36, 11 November 2006 (UTC)
[edit] Reverse Auction - Gambling?
Been searching the web for good local auction selling sites and came across a different type of reverse auction system by accident at playlimbo. I don't want to advertise this site, only to highlight to other wikipedia editors that the article may have a NPOV in that it focuses on B2B only. I am not sure of the extent of this type of gambling (I call it gambling because that what it seems like to me after reading the site information) but that what is occurring. Alexa page ranks give over 2 million visitors a week, so activity is significant. I would be interested to know if this is unique or is there other sites with the same type of advertising/gambling model online. Best regards --Joewski 01:41, 16 July 2007 (UTC)
- There are definitely other reverse-auction sites along the lines of the Australian one you mentioned. I'm in the UK, and have seen two or three British sites. The general procedure is that interested parties pay an entry fee (typically a pound or two) and then enter by phone/web/text a bid. The lowest unique bid wins the item for that price, not for the largest price bid. So for a (very simplified) example, if five people bid and their bids are £3.50, £3.50, £3.67, £4.13 and £4.14, the person who bid £3.67 would win the item for £3.67 (plus delivery costs etc). I'm not sure how these sites are classified legally: since (unlike the US) online gambling is both legal and big business in the UK, it could count as that, but I don't know. 217.33.74.204 (talk) 12:09, 12 May 2008 (UTC)
- Ah... it seems that what we are talking about is a unique bid auction. From what I can gather from that article, in the UK at least they seem to be regulated by Ofcom. 217.33.74.204 (talk) 12:18, 12 May 2008 (UTC)
[edit] reverse auction part of eSourcing
Since a reverse auction is only a part of Esourcing the first line should be changed. eSourcing is the name for "electrnically supported procurement/sourcing" and contains tools like RFI, RFQ, RFP and reverse auction. —Preceding unsigned comment added by 85.178.233.31 (talk) 14:40, 6 April 2008 (UTC)
