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A Dutch auction initially offers an item at a price in excess of the amount the seller expects to receive. The price lowers in steps until a bidder accepts the current price. That bidder wins the auction and pays that price for the item. For example, a business might auction a used company car at a starting bid of €15,000.
An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. [1] [2] [3] Similar to in-person auctions, online auctions come in a variety of types, with different bidding and selling rules.
RR Auction is an auction house established in 1976 by Bob Eaton. The company headquarters is in Boston with a production office based in Amherst, New Hampshire. [1] The company is known for its monthly auctions of historical documents, manuscripts, autographs, artifacts, sports collectibles, spaceflight memorabilia, presidential items and more. [2]
A purportedly historical event related to auctions is a custom in Babylonia, namely when men make an offers to women in order to marry them. [6] The more familiar the auction system is, the more situations where auctions are conducted. There are auctions for various things, such as livestock, rare and unusual items, and financial assets.
An English auction is an open-outcry ascending dynamic auction. It proceeds as follows. The auctioneer opens the auction by announcing a suggested opening bid, a starting price or reserve for the item on sale. Then the auctioneer accepts increasingly higher bids from the floor and sometimes from other sources, for example online or telephone ...
An American auctioneer using auction chant at a livestock auction, November 2010. An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described ...
A reverse auction (also known as buyer-determined auction or procurement auction) is a type of auction in which the traditional roles of buyer and seller are reversed. [1] Thus, there is one buyer and many potential sellers. In an ordinary auction also known as a forward auction, buyers compete to obtain goods or services by offering ...
www.juliensauctions.com. Julien's Auctions is a privately held auction house based in Beverly Hills, California founded in 2003 by Darren Julien and co-owned with Martin Nolan. They specialize in auctions of film memorabilia, music memorabilia, sports memorabilia, Fashion and street and contemporary art. Julien's Auctions has received attention ...
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