Create a Dutch auction

Add Collaborators: For information on how to add a collaborator, see Manage collaborators. You can select if they are able to view or edit the event.

1. Create a Dutch auction

For additional ways to create, clone, or import an event, see Create an event.

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From the menu, click Create. A window displays asking What would you like to create?

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Click Auction. A window displays asking you to select an auction type.

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Select Dutch.

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Enter an Event Title.

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Click Create. A new Dutch auction event is created.

2. Add event information

Next, you will need to add header information to your event. The header contains general information about your event, including your auction details, shipping address, and event timeline.

Field descriptions: Dutch auction - available fields

3. Add line items

Next, you’ll need to add line items, which outline the items or services you are looking to purchase. You can add up to 150 line items to an event, but you’ll want to ensure that all items and services are related.

Line items: Add line items

4. Add categories

In the Customer categories areas, add categories to help further define your event. Categories are not required, but they are used to improve you supplier recommendations and standardize reports.

5. Set auction settings

In the Auction settings area, you can set the starting price, increase intervals, and the maximum auction price.

Field descriptions: Dutch auction - available fields

6. Add supplier invitations

In the Suppliers invitation area, you can invite trusted suppliers from the Fairmarkit database to your event. Based on the information you entered, Fairmarkit will recommend a list of suppliers to invite. You can adjust the list by manually selecting or removing suppliers from the list.

Supplier invitations: Manage supplier invitations

7. Save and send

Once you've entered all required information, you can send your event to the selected suppliers. If any required information is missing, a message displays under the Save and Send button.

Note: If you are not ready to submit, click Save Draft to save the event in Draft status, allowing you to save your progress but finish the submission later.

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Click Save and Send. A confirmation message displays.

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Click Save and Send. Suppliers will receive a notification for the auction, and they can access it on the Fairmarkit portal.