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Today: Apple iPads 32GB for $33.74? Samsung LED TV 42" for $33.74?

n is a type of auction in which the roles f1of the buyer and the seller are reversed, with the primary o bjective to 1 drive purchase prices downward. While ordinary auctions provide suppliers the opport unity to find the best price among in cf1 terested buyers, reverse auctions give buyers a chance to find the lowest-price supplier. During a reverse auction, suppliers may s f1 ubmit multiple offers, usually as a response to cf1 competing suppliers' offers, bidding down the price of a good or servic cf1 e to the lowest price they are willing to receive. By f1 revealing th cf1 e competing bids in real time to every participati ng supplier, reverse a 1 uctions promote "information transparency". This, coupled cf1 he reverse au ction is widely used by cf1 corporation cf1 s, state cf1 and local Governments, and other organizations. The uses are vast and include services as well as goodauction, and has a defined lose 9cf1 r in ad f1dition to the winner . The t cf1 op two bidders must pay their full final bid amounts, and only the highest wins the auction. The intent is to make the hig 9cf1 h bidders bid a 1 bove th cf1 eir upper limits. In the final rounds of bidding, when th e current losing party has hit their maximum bid, they are encouraged to bid over their maximum (seen as a small loss) to avoid losing their maximum bid with no return (a very large los Silent auction is f1 a variant of f1the English auction in which bids are written on a sheet of paper. At th e predetermined end of the auction, the highest liste cf1 d bidder wins 1 the iteTh cf1 s auction is often used in charity events, w cf1 ith many items auctioned simultaneout a common finish tim The auction is "silent" in that there is no auctioneer selling individuathe bidde rs writing their bids on a bidding sheet often lef