| multiple auction (CRM-ISA-AUC) |
A means of auctioning more than one of the same product in specified lots.
You can only create multiple auctions for a specific product; you cannot auction different products together within a multiple auction. The bidder must bid for the whole lot. You maintain pricing and other auction details for each of the multiple auctions individually. For example, you want to auction 10 chairs in lots of 2. You create a multiple auction and enter the required amount of chairs, in this case 10. You enter the quantity of chairs per auction, in this case 2. The system creates 5 auctions, with 2 chairs per auction for the 10 chairs. The bidder has to buy both chairs, he cannot bid on only one chair in the lot.