Understanding Auction Types

Keiro offers 7 auction formats: Reverse (most popular, lowest bid wins), Timed (deadline-based), Sealed Bid (confidential), English (fully open), Multi-Round (progressive shortlisting), Dutch (urgent buy), and Japanese (structured round-by-round).

Quick pick: Standard bulk buying → Reverse. Sensitive deals → Sealed Bid. Urgent purchase → Dutch.

FAQ

Which auction hides bids from competitors? 

Sealed Bid Auction.

Best for urgent purchases? 

Dutch Auction.

Can I switch types after inviting vendors? 

No, finalize type before inviting.