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A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2]: p2 [3]
A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. [1] [2]From the seller's perspective, advertising an auction as having no reserve price can be desirable (but risky) because it potentially attracts a greater number of bidders due to the possibility of a bargain. [1]
Alexander Autographs. Alexander Autographs is an auctioneer of historic militaria, autographs, manuscripts, relics, and other collectibles. Based in Chesapeake City, Maryland, the auction house first opened to bidders in 1993 and has since garnered controversy for the sale of items like Nazi memorabilia .
The silent auction opens Monday, Sept. 9, and closes on Saturday, Sept. 14. The auction will be taking place online so you do not have to be present in-person to bid for and win these tickets.
t. e. A Vickrey auction or sealed-bid second-price auction (SBSPA) is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins but the price paid is the second-highest bid. This type of auction is strategically similar to an English auction and gives bidders an ...
Auction theory is a branch of applied economics that deals with how bidders act in auctions and researches how the features of auctions incentivise predictable outcomes. Auction theory is a tool used to inform the design of real-world auctions. Sellers use auction theory to raise higher revenues while allowing buyers to procure at a lower cost.
Stalking horse offer. A stalking horse offer, agreement, or bid is a bid for a bankrupt firm or its assets that is arranged in advance of an auction to act, in effect, as a reserve bid. [ 1 ][ 2 ] The intent is to maximize the value of its assets or avoid low bids, as part of (or before) a court auction. [ 3 ]
The copy up for auction was discovered at Hayes Farm, an 184-acre plantation in Edenton once owned by Samuel Johnston. He was the governor of North Carolina from 1787 to 1789 and oversaw the state ...