Once the bulk master lot closed (end time in the past, no more extensions) if the current bid of the bulk master lot is equal or higher than an optional reserve and if it is higher than the sum of the current winning bids of the group lots (excluding the lots with current bids not meeting the reserve), the winning bidder of the bulk master lot wins all the lots in the group.
If the bulk master lot closed (end time in the past, no more time extensions) but the current high bid of the bulk master lot is lower than the reserve OR the sum of all current bids of the group lots is higher, then the individual lots go sold or unsold depending
If the bulk master lot won, all lots (bulk master and lots in group) shall be marked as sold to the winning bidder of the bulk master lot in that specific aution. The winning bid shall be distributed based on the "Winning bid distribution" selection:
- "Bulk master": The hammer price is the winning bid of the lot. All individual bulk lots have a hammer price 0.
- "Equally": Bulk master lot hammer price 0, winning bid of bulk master lot equally distributed amongst all lots in the group.
- "Winning bids": Bulk master lot hammer price 0, winning bids of bulk master lot distributed weighted by the potential winning bid of the individual bid.
Example for 4 lots and bulk master hammer price 100: - lot 1: 10 no reserve -> 100/(10+30)*10 => 25
- lot 2: 20 reserve 30 -> potential hp 0, because of reserver => 0
- lot 3: 0 -> 0
- lot 4: 30 reserve 20 -> 100/(10+30)*30 => 75
If none of the lots sold, distribute equally.
- Any of the numeric custom fields: Distribute the winning bid weighted by the value of the custom field. If all fields are 0, distribute equally.
Example for 4 lots and bulk master hammer price 100: - lot 1: value 1 -> 100/(1+1+1.5+.5)*1 => 25
- lot 2: value 1 -> 100/(1+1+1.5+.5)*1 => 25
- lot 3: value 1.5 -> 100/(1+1+1.5+.5)*1.5 => 37.5
- lot 4: value .5 -> 100/(1+1+1.5+.5)*.5 => 12.5