We have come up with the following updates in the flow of the proxy bidding functionality of our Product Auction App. This is done to enhance the app’s functionality.
Please make a note of the following three cases. All the cases are explained in the form of examples:
UPDATES: CASE-I
PREVIOUS FLOW
Suppose, there is an auction on a product with:
Reserve Price= $50
Increment Rule= $10
User A placed a normal bid of $10. Then later, placed a proxy bid of $200.
Further, User B placed a normal bid of $195 and the auction ends with this.
So, previously the bidder entry was for the bid $195 by User B.
Since the difference between the last normal bid and the proxy bid was less than the increment rule ($10).
So, there was no entry for User A‘s Proxy Bid of $200.
Hence, User B was declared the winner & if User B rejects this, no winner was left.
UPDATED FLOW
Suppose, there is an auction on a product with:
Reserve Price= $50
Increment Rule= $10
User A placed a normal bid of $10. Then later, placed a proxy bid of $200.
Further, User B placed a normal bid of $195 and the auction ends with this.
Now, there will be two bidder entries with the following sequence:
- User A with a $200 bid
- User B with a $195 bid
Thus, User A will be declared as the winner. If User A rejects the offer, the new winner will be User B.
UPDATES: CASE-II
PREVIOUS FLOW
Suppose, there is an auction on a product with:
Reserve Price= $50
Increment Rule= $10
User A placed a normal bid of $10. Then later, placed a proxy bid of $200.
Further, User B placed a normal bid of $205 and the auction ends with this.
So, previously the bidder entry was for the bid $205 by User B.
Since the difference between the last normal bid and the proxy bid was less than the increment rule ($10).
So, there was no entry for User A‘s Proxy Bid of $200.
Hence, User B was declared the winner & if User B rejects this, no winner was left.
UPDATED FLOW
Suppose, there is an auction on a product with:
Reserve Price= $50
Increment Rule= $10
User A placed a normal bid of $10. Then later, placed a proxy bid of $200.
Further, User B placed a normal bid of $205 and the auction ends with this.
Now, there will be two bidder entries with the following sequence:
- User B with a $205 bid
- User A with a $200 bid
Hence, User B will be declared as the winner. If User B rejects the offer, the new winner will be User A.
UPDATES: CASE-III
Suppose, there is an auction on a product with:
Reserve Price= $50
Increment Rule= $10
User A placed a normal bid of $10. Then later, placed a proxy bid of $200.
Further, User B placed a normal bid of $200 and the auction ends with this.
Now, there will be two bidder entries with the following sequence:
- User B with a $200 bid
- User A with a $200 bid
Thus, User A will be declared as the winner. If User A rejects the offer, the new winner will be User B.
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