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Ranked Auction

Auction mechanics allows collector to make bids. Top highest bidders win the auction. Ranked auction allows to have multiple winners.

For example - if the collection size is 50 artworks, then top 50 highest bidders will win the auction and get the artworks. To make it fair for the winners we rebate the difference they paid over the 50th highest bid, therefore all auction winners pay the same price.

Additional details

  • Once bid is made collector cannot withdraw it or change the amount.
  • Multiple bids from the same collector are possible.
  • The #1 highest bidder will get the artwork #1, #2 highest bidder will get the artwork #2 and so on.

Examples of Ranked auctions