Penny Auction 
Bidding on an auction raises the cost of the item by a fixed amount and typically also extends the deadline of the auction. After each bid the item price increases by one penny or as set by administrator.
Bidding on an auction raises the cost of the item by a fixed amount and typically also extends the deadline of the auction. After each bid the item price increases by one penny or as set by administrator.Reverse Penny Auction 
In Reverse penny auction type auction starts with the high price (usually RRP) and with each bid placed rather than increasing the price, The price is decreased by a pre-defined value.
In Reverse penny auction type auction starts with the high price (usually RRP) and with each bid placed rather than increasing the price, The price is decreased by a pre-defined value.Beginner Auction 
These are the auctions where only new comers (who have not won any auction yet) can bid. Any type of auction can be Beginner Auction as well; you just have to check the check box of "Beginners Only Auction" along with the other auction parameters for that auction.
These are the auctions where only new comers (who have not won any auction yet) can bid. Any type of auction can be Beginner Auction as well; you just have to check the check box of "Beginners Only Auction" along with the other auction parameters for that auction. Next
Free bid Auction 
Everyone likes free auctions where there is no cost to pay per bid but because its free a lot of people would just bid taking the price approximately near to retail price of the product or in some cases even higher than the retail price, now you can create free auctions with limit per user bids so that everyone uses the bids wisely and the point of penny auctions (to get some bargains) remains in place. Maximum number of bids per user will be displayed in user view so that the user can decide how often to bid.
Everyone likes free auctions where there is no cost to pay per bid but because its free a lot of people would just bid taking the price approximately near to retail price of the product or in some cases even higher than the retail price, now you can create free auctions with limit per user bids so that everyone uses the bids wisely and the point of penny auctions (to get some bargains) remains in place. Maximum number of bids per user will be displayed in user view so that the user can decide how often to bid.Peak Auction 
These Peak auction where only run or available on peak times.
These Peak auction where only run or available on peak times.Prev
