on 12-15-2010 6:06 AM
Dear Experts,
2 questions about Live Auction....
(1) What is the functionality of "Sequential Line Items" in Live Auction?
(2) Is it possible to conduct Live Auction at header level? Is there any work around?
GH.
Edited by: GH on Dec 15, 2010 1:20 PM
(1) What is the functionality of "Sequential Line Items" in Live Auction?
The items are activated for bidding sequentially, instead of all at once. As a result, at a certain point, bidders are only bidding for 1 item. Only when it ends does the next item in line is enabled for bidding.
(2) Is it possible to conduct Live Auction at header level? Is there any work around?
If you meant for bidding on the "total value" of the auction, no, there is no such functionality in standard auction. Even with the "lotting" functionality, the bidders would still have to provide bid price for each and every sub item. The workaround is to create one item to represent the whole lot (entire group of items in the auction) and specify the sub-items contained in the lot for clairty, in a written form, either in the attachment, or "term and condition" page.
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Dear Jay Yang,
Thanks for the answers.
Regarding Question 2 : I am ok with your answer.
Regarding Question 1 : I have some more queries,
As a result, at a certain point, bidders are only bidding for 1 item. Only when it ends does the next item in line is enabled for bidding.
For example, my auction has 100 items, I want to allow bidders only 5 items at a time ( to avoid scrolling). Can I achieve this using above feature?
GH
Dear Jay Yang,
I checked the system behaviour. system is behaving as below:
Example:
I have 14 items
I set start time as 15:10:00
I set "Sequential Initial Duration" 6 minutes.
I set "Sequential End-Time Gap" 5 minutes.
Duration for Item1 15:10 + 00:06 = 15:16
Duration for Item2 15:16 + 00:05 = 15:21
Duration for Item3 15:21 + 00:05 = 15:26
Duration for Item4 15:26 + 00:05 = 15:31
Duration for Item5 15:31 + 00:05 = 15:36
Duration for Item6 15:36 + 00:05 = 15:41
Duration for Item7 15:41 + 00:05 = 15:46
Duration for Item8 15:46 + 00:05 = 15:51
Duration for Item9 15:51 + 00:05 = 15:56
Duration for Item10 15:56 + 00:05 = 16:01
Duration for Item11 16:01 + 00:05 = 16:06
Duration for Item12 16:06 + 00:05 = 16:11
Duration for Item13 16:11 + 00:05 = 16:16
Duration for Item14 16:16 + 00:05 = 16:21
i.e. it always allows one item at a time.
We wanted that, 5 items for at a time say for 20 minutes duration,
For example,
Duration for Item1-5 15:10 + 00:20 = 15:30
Duration for Item6-10 15:30 + 00:20 = 15:50
Duration for Item10-end 15:50 + 00:20 = 16:10
GH
Dear Jay Yang,
You can still manage that by creating multiple auctions, for 5 items per auction. Would that be acceptable?
Due to some business related reasons, we are not creating live auctions directly. As per our scenario, we are always creating Auction from RFx using "convert to Auction". In such cases, if there are say 100 items in RFx, it will copy all the 100 items to Auction. If at all there are features to create multiple auctions with reference to one RFx (for example, 20 auctions of 5 items each), then this suggestion will be useful for us.
Whether this would be possible?
GH
Hello Ganapathi,
I have a similar case , my requirement is lets say in auction there are 3 line items ( Example) .
I set start time as 15:10:00
I set "Sequential Initial Duration" 6 minutes.
I set "Sequential End-Time Gap" 5 minutes.
Duration for Item1 15:10 + 00:06 = 15:16
Duration for Item2 15:16 + 00:05 = 15:21
Duration for Item3 15:21 + 00:05 = 15:26
I want line items 2 and 3 should be open once the first item closed ( as of now default all the line items will be opened to enter the price) , our buyers saying its difficult to monitor if all the line items open at a time instead the sequential allowing will help.
Can you please advise how to achieve the same.
Thank you
Regards
Srinivas G
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