If the person has only 18000 though (300 at 60) then if they put in 100 at $100, they'll only be able to buy 133 at 60.
I would still enter two bids; it's just a matter of adjusting how many at each level.
I would still enter two bids; it's just a matter of adjusting how many at each level.
All the shares in the auction are sold at the same price. If the market clears at 60, a person entering the bids I described would buy 300 shares at 60.