Hi,
We have conducted 3 Forward Auctions so far, but have not received the value we were expecting. We posted the auction a day in advance first asking bidders for some pre-bids and then the auction went live the following day. We noticed that the lead bidder simply uses the "Take the lead" option in each lot. In most cases, the other bidders took no interest in competing resulting in a no-competition auction.
We were expecting a certain return value, but in none of the auctions have we come close to these figures.
What are we doing wrong?
Will a Dutch Auction help?
Thanks in advance
Reshma D