Japanese Auction
Price steps up on a clock and bidders choose each round whether to stay in.
A Japanese auction moves the price in fixed increments on a timer. At each step every participant must actively confirm they are still in; anyone who does not is out and cannot rejoin.
Because participation is explicit at every level, the format produces an unusually clear read on where demand actually sits, and it removes the tactical waiting that slows an open ascending auction.
It is well suited to commodity lots with a broad bidder pool, where you want a decisive result and a defensible record of who dropped out at which price.
What you get
- Fixed increments on a visible clock
- Active confirmation required at every step
- No re-entry once a bidder drops out
- Clear demand curve as an output
About japanese auction
Can a bidder rejoin after dropping out?
No. Exit is final, which is what gives the format its decisiveness and its clean demand record.
Ready to run your first auction with us?
Talk to the team about your material, your suppliers, or the format that fits. A demo takes twenty minutes.