Search results
Results From The WOW.Com Content Network
Some auction systems allow buyers to end an auction early by paying a predetermined final price for the item (generally substantially more than the minimum opening bid). This may discourage some sniping because another bidder can simply purchase the item outright while the sniper is waiting for the auction end time, even if a successful snipe ...
Manual silent auction is an early traditional form of price reduction auction, in which the auctioneer first publicly quotes the highest price, and then the bidders respond accordingly. In the event of a price that no one bids for, the auctioneer will decrease the price and quote a new price, and decrease the price one by one, and the process ...
Unlike in a conventional auction, the final price is typically much lower than the value of the item, but all bidders (not just the winner) will have paid for each bid placed; the winner will buy the item at a very low price (plus price of rights-to-bid used), all the losers will have paid, and the seller will typically receive significantly ...
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 a 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 ...
For premium support please call: 800-290-4726 more ways to reach us
Open descending-bid auctions (Dutch auctions) are those in which the price is set by the auctioneer at a level sufficiently high to deter all bidders, and is progressively lowered until a bidder is prepared to buy at the current price, winning the auction. Most auction theory revolves around these four "basic" auction types.
Going to an auction can be an exciting way to get great bargains -- and it's a lot less intimidating than you might think. Unfortunately though, the auction business has long been a haven for con ...
Why it feels good to buy things on sale — and how not to fall into the trap of buying more than you need