User:Noortjee/sandbox

Before the auction commences, the auctioneer presents information about the objects sold to bidders. This information is displayed on a clock or electronic device in front of the site.

Seller revenue
The speed of the Dutch clock has significant effect on final prices and the auctioneers revenue. A fast Dutch clock has been found to yield significantly lower bids and seller revenue when benchmarked against a First-price sealed bid auction. On the contrary, a slow Dutch clock is found to be more profitable then a First-price auction.