Live Auction Schema: Bidding & Reserve Prices

ER Diagrams · made in Skemio

ER diagram showing auctions, lots, proxy bids, and bids entities connected with relational cardinalities.

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What it shows

Separate auction events from catalog lots to allow flexible scheduling.
Treat bids as an immutable append-only log to eliminate race conditions.
Track proxy bid ceilings privately to auto-advance lots step by step.

The takeaway

Treat auction bids as an append-only event stream to audit outcomes and prevent race conditions.

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