There’s two common kinds of auction those with multiple rounds where the final bid wins and those where everyone puts in the maximum amount upfront and the winner pays whatever #2 bid. The second type is much faster but incentivizes the auction house to lie about the #2 bid.
Google did the second type and then got caught lying about bids. Doing so is really tempting but also generally fraud.
Google did the second type and then got caught lying about bids. Doing so is really tempting but also generally fraud.