A unique bid auction is a type of strategy game related to traditional auctions where the winner is usually the individual with the lowest unique bid, although less commonly the auction rules may specify that the highest unique bid is the winner. Unique bid auctions are often used as a form of competition and strategy game where bidders pay a fee to make a bid, or may have to pay a subscription fee in order to be able to participate.
Read more about Unique Bid Auction: Mechanism, Profitability of Unique Bid Auctions, Legality, Mathematical Analysis
Famous quotes containing the words unique, bid and/or auction:
“Pregnant women! They had that weird frisson, an aura of magic that combined awkwardly with an earthy sense of duty. Mundane, because they were nothing unique on the suburban streets; ethereal because their attention was ever somewhere else. Whatever you said was trivial. And they had that preciousness which they imposed wherever they went, compelling attention, constantly reminding you that they carried the future inside, its contours already drawn, but veiled, private, an inner secret.”
—Ruth Morgan (1920–1978)
““But thou, O King, I bid remember me, unwept, unburied,
“Heap up mine arms, be tomb by sea-bord, and inscribed:
“A man of no fortune, and with a name to come.”
—Ezra Pound (1885–1972)
“The white American man makes the white American woman maybe not superfluous but just a little kind of decoration. Not really important to turning around the wheels of the state. Well the black American woman has never been able to feel that way. No black American man at any time in our history in the United States has been able to feel that he didn’t need that black woman right against him, shoulder to shoulder—in that cotton field, on the auction block, in the ghetto, wherever.”
—Maya Angelou (b. 1928)