What is a sealed auction in SalvageSale?

[George]

From what I understand, sealed auctions mean bidders submit their offers privately instead of competing in real time - but I'm not sure how this plays out in practice on the platform.

 

[USVeteran]

In practice it comes down to how well you judge the market, because you don't get to adjust your bid based on what others are doing.

 

[IamBruce_Driver]

Instead of seeing other people's bids live (like in open auctions), you submit your best offer privately, and no one else can see it. Other bidders do the same. When the auction ends, the highest valid bid wins.

 

[Butch232]

Best guess wins, no peeking