This season on the TV show The Office, the office was broken into and Michael decided to have an auction to help everyone out. A hug from Phyllis is up for biding and Dwight and her husband get into a bidding war. Dwight shows just how to play an English auction so he does not over pay if he wins.
http://www.youtube.com/watch?v=3uR4vnoCiOw
At an English auction the winner of the auction usually pays one bidding increment more the bidder with the second highest value. In the video Dwight wants to make sure, if he wins, he does not over pay even by “one penny.” So he bids one penny over the other bidders each time. Dwight is why most auctions have bidding increments higher than one penny.
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