Bidsonline Pty Ltd

We run dutch auctions for wine and jewellery that are broadcast live on the internet.  You will see a live video of our presenter describing the wine, or jewellery whilst you bid in real time with other internet bidders.

A dutch auction is used where we have a set quantity, for example, 20 cases of wine. The presenter will open the bidding at the retail price and then reduce the price until all 20 cases are sold.  Bidders click the 'Buy Now' button at the price they are happy to pay.  When a bidder clicks 'Buy Now' the quantity remaining is reduced. 

Everyone pays the lowest price, so even if you pressed "Buy Now" when the price was $70 a case and the final price was $50 you will still only pay $50 a case.