subject: What is a ‘Price Reveal Auction'? [print this page] Price Revel auctions are one of several types of pay per bid auction that include Penny Auctions, Bid-Block Auctions and lowest unique bid auctions. Of all the pay per bid auction models, they are the least likely to offer the largest savings as they more closely follow a regular auction in terms of reaching a price point. In contrast, bid-block auctions, by the nature of their pre-set bid prices, guarantees that any winning bid will be at a very large discount.
