ShangpinRunbo's 3rd Anniversary Launches Dutch Auction

 Industry dynamics    |      2023-07-25
The auction was defined as a way of buying and selling the capitalist system before the reform and opening up. The "Announcement Law of the People's Republic of China" defines: the method of selling a particular item or property right to the highest bidder in an open bidding manner. There are many ways to auction, most of which are in the form of price increase auctions, and only one way to do the opposite.

01533 Zhang Jianshi Hetian jade seed material beauty figure
01533 Zhang Jianshi Hetian jade seed material beauty figure

Dutch Auction (Dutch Auction) is a less used auction form today, also known as "price reduction auction", which means that the auction target's bid is decremented from high to low until the first bidder's bid (at or above the reserve price). An auction that kills a deal.

01527 Hetian jade red skin seed stone
01527 Hetian jade red skin seed stone

The Dutch auction first appeared in 1887. Due to the oversupply of broccoli harvesting, in order to reduce the losses caused by product decay, a grower invented a price-reduction auction different from the traditional price-up auction. With the changes of the times, the Dutch auction form is more and more mature, and the scope of application is wider and wider.

01510 Hetian jade seed stone
01510 Hetian jade seed stone

Dutch auction features:

First, the seller asks for the price, and the price decreases with a certain time interval according to the predetermined price reduction step, from high to low. Second, all buyers (ie, those who buy the item) are traded at the final bid (ie, the lowest bid among all buyers). Third, the atmosphere of the on-site competition is not enthusiastic enough, and there is a reputation of “silent auction”. Because of the characteristics of price reduction, bidders often wait and see, waiting for the price to continue to decrease, although it is step by step, but also step by step to win, there is no sound at this time.

01541 瞿利军和田玉籽料和和美美对牌
01541 Yan LijunHetian jade seed material Harmony Pair of cards

In fact, there is also a price increase in the Dutch auction, which is not always a price reduction. When more than one bidder is priced at the same price, the auctioneer immediately transfers to the auction of the price increase. Since then, the process of bidding has continued until no one has increased the price. The last bidder who bought the price was successful.

01659 Yang Yuhe Tian Yu Seeds Guanyin
01659 Yang Yuhe Tian Yu Seeds Guanyin

When it comes to the skills of Dutch auctions in the field of Chinese jade carving auctions, there is a well-known saying that opportunities are always reserved for the most prepared people. In fact, the so-called skill lies in the knowledge reserve of the collectors. It lies in the eyes of the collectors. The thickness of the homework before the auction is completed by the auctioneer and the collectors is the strength of the collector’s scene and the speed at which they can go. The price of a piece of work is reflected in the comprehensive value of raw materials, processes, market scarcity and many other aspects. Then it is necessary for the collector to carefully analyze and study before the auction to give the correct valuation of the lot. This is a game of knowledge and a game of vision. When the lottery reaches its estimated price, it should be shot immediately, because most people's valuation bias is not very large, and a little hesitation may be missed. The so-called auction is valuable, the price is in the market; the market is good, the road is in the hearts of the people.

01658 Wu Jinxing and Tianyu Seeds I wish to pendant
01658 Wu Jinxing and Tianyu Seeds I wish to pendant


Also, the Dutch auction model cannot be integrated with the Internet. Although the Dutch auction can realize the separation of price discovery and physical logistics on the Internet, it has never been able to solve the problem of the lottery, which directly affects the judgment and grasp of the price. Therefore, the trading mode of Dutch auctions can not always enjoy the convenience and efficiency of the Internet. From this point of view, even if the Dutch auction can not be married to the Internet, it does not affect its reasonable use, and even more suitable for the traditional live auction mode. More suitable for the eyes of the senior collectors game. It can better reflect the open, fair and just auction principles.

01662 Hou Xiaofeng and Tian Yu Seeds Buddha
01662 Hou Xiaofeng and Tian Yu Seeds Buddha

On October 23, 2016, Beijing Asia Hotel, which insists on the inheritance and innovation spirit, Beijing Shangpin Runbo Auction Co., Ltd., for the first time on its 3rd anniversary, combines the use of no reserve price and Dutch auction for the first time in two special auctions. form. What makes more sense is that this is the first appearance of the Dutch auction in the field of Chinese jade carving auctions, especially based on some shortcomings of Dutch auctions. Shangpin Runbo people dare to explore and become the first dare to be in the field of Hetian jade auction. People who eat crabs.

01661 Zhao Xianzhi and Tian Yu seed material Guilin landscape is the world
01661 Zhao Xianzhi and Tian Yu seed material Guilin landscape is the world

Buy and buy the gangsters who like to discount the limited purchase, although the price reduction auction is not a discount sale, but used to the high point of the price is not cold, what kind of feeling will the roller coaster auction will bring us? If you want to travel to the Dutch auction, you don't have to travel to the country of the big windmill. Let us meet in Beijing, the 8th China Contemporary Fine Jade Carving Auction.

The picture in this article is the 8th China Contemporary Jade Carving Masters Boutique Auction of the Beijing Asian Hotel on October 23rd.