Change Auction Pricing

Use this page to establish pricing information for an auction. 

Currency 
This value is the store's default currency.
Offered price (required, for Dutch auctions)
Type the asking price for the product on auction.
Deposit (for Sealed Bid or Open Cry auctions)
Type the deposit, if any, that will be forfeit if the winning bidder refuses to accept the product. Note that while the deposit amount is tracked in the database, implementing the collection of deposits is your responsibility.
Reserve price (for Sealed Bid or Open Cry auctions)
Type the reserve price for the auction. If the highest bid is less than this amount, the product is not sold.
Pricing mechanism (for Sealed Bid or Open Cry auctions) 
Select Discriminative or NonDiscriminative.
Duration
Click to display the Duration page and set the start date and time as well as ending conditions for the auction. 
Pricing
Click to display this page.
Display
Click to display the Display page and determine how product information is displayed to participants. 
Bid Rule
Click to display the Bid Rule page and specify previously defined bid rules.