New Auction Pricing

Use this page to establish pricing information for an auction. 

Currency 
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.