Yankee Auction
Sell multiple identical units in one event, allocating to the highest bids in order.
A Yankee auction offers a quantity of identical units in a single event. Bidders state both a price and the quantity they want; when the auction closes, units are allocated from the highest bid downward until the quantity is exhausted.
This avoids running the same lot repeatedly and captures the fact that different buyers value different volumes differently. A buyer who needs ten units and one who needs one can compete in the same event without distorting each other’s pricing.
Partial allocation rules are configurable, so you decide whether a bidder at the cut-off gets a reduced quantity or nothing at all.
What you get
- Price-and-quantity bidding in one event
- Allocation from the highest bid downward
- Configurable partial-allocation rules
- Removes the need for repeated identical lots
About yankee auction
What happens to the bidder who straddles the cut-off?
That depends on the partial-allocation rule you set: they either receive the remaining quantity at their bid price, or they are excluded and the units roll to the next bidder.
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.