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An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. The open ascending price auction is arguably the most common form of auction in use today. Participants bid openly against one another, with each subsequent bid required to be higher than the previous bid. An auctioneer may announce prices, bidders may call out their bids themselves (or have a proxy call out a bid on their behalf), or bids may be submitted electronically with the highest current bid publicly displayed. In a Dutch auction, the auctioneer begins with a high asking price for some quantity of like items; the price is lowered until a participant is willing to accept the auctioneer's price for some quantity of the goods in the lot or until the seller's reserve price is met. While auctions are most associated in the public imagination with the sale of antiques, paintings, rare collectibles and expensive wines, auctions are also used for commodities, livestock, radio spectrum and used cars. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.
Call it Al Capone’s final haul. A trove of family mementos, jewelry and weapons that were once owned by the notorious gangster will be auctioned off by his three surviving granddaughters, who lived in relative obscurity until they emerged in 2019.
The collection, which includes Capone’s...
Hey guys one of my coworkers has had some bad luck lately and needs to sell his stud poodle. His wife is pregnant and got Diagnosed with cancer and So I was hoping to do a bid on thing trying to help him out.
Almost 2 years old
Standard Male Poodle
Papered and registered
Hi I was reading somewhere on the forum and someone posted something about a surplus auction near Olympia wa . and I was wondering if any one on the forum knows where its at. And the name of the auction house.
Rock Island Auction in Rock Island, IL Does anyone know anything about this business or has anyone done business or had dealings with these people? I have never purchased anything through an auction before even though I have tried. I've always been outbid by someone with deeper pockets. But...
So, I just signed up on Rock Island Auction company's website. The reason being is I am seeing some very nice Mauser C/96 pistols and Astra clones. The overall format is different than other firearms auction sites I've been on, but I'm sure it is just a matter of getting used to a new one...