Auction Types at BeautyCare.com

Currently, BeautyCare.com only holds reserve price auctions.  We hope to add Dutch Auctions over the next few months.

• Reserve Price Auctions
  The reserve price is the lowest price a seller is willing to sell an item.
  • Bidders know a reserve price has been set but do not know what it is.
  • In order to win the auction, a bidder must meet or exceed the reserve price and have the highest bid.
  • If no bidders meet the reserve price, neither the seller nor the high bidder are obligated to complete the transaction.
    
    

• Dutch Auctions
  Dutch Auctions are typically held for sellers with many identical items to sell. 
  • Sellers start by listing a minimum price, or starting bid, and the number of items for sale.
  • Bidders specify both a bid price and the quantity they want to buy.
  • All winning bidders pay the same price, which is the lowest successful bid. So you might win for less than what you bid.