Vickrey’s auction: The revolution for pricing and valuation strategies

anouar

Vickrey’s auction is a commun concept in auctions with the following principle : Bidders

suggest personnel bids for an artistic  work as an instance , the highest bid is the one to win but pay the value of the first runner up.

The revolution bring it to the marketing field and there are several people doing amazing

work with this, such as Anouar El Hajji: the CEO and founder of Veylinx , a platform for

Vickrey’s auction online.