Bidders

Bids
Next-To-Last Round

Last Round Bid

Awarded

Differential
Between Rounds

A

4 - 10:50

3

3

1

B

6 - 10:20

6

6

0

C

3 - 10:44

2

2

1

D

3 - 10:59

None - 0

2

1

Total

16

11
(3 leftover)

13
(1 avail)

For the last remaining entitlement there are three bidders that all have a differential of one: "A", "C", and "D". Therefore, a tie exists and the timestamp tiebreaker will be used to determine which of the three bidders should receive the entitlement. Based on the timestamps bidder "C" would receive the last entitlement, because it has the earliest time stamp in the next-to-last round. The completed auction would appear as follows: