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If someone else has placed a bid that is higher than the maximum bid, the will be notified, allowing he to change the maximum bid and stay in the auction. At the end of the auction, whoever's maximum bid is the most wins the lot. Live bidding is a traditional room-based auction.
Aim to get 90 to 95% of the spot price when selling gold bars or coins, and 70 to 80% of melt value for jewelry and other items. A karat is a unit of measure for the fineness of gold. For example ...
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 ...
In auctions, the buyer's premium is a charge in addition to the hammer price (i.e. the winning bid announced) of an auction item, or lot. The winning bidder is required to pay both the hammer price and the percentage of that price called for by the buyer's premium.
Costco has found a new hit with online shoppers — gold. The retail warehousing giant sold more than $100 million of the precious metal in its first quarter, which ended Nov. 26, Costco CFO ...
Kansas businesses will see a positive change when submitting required filings with the Secretary of State’s office in 2024. During the 2021 Kansas legislative session, my office introduced a ...
uBid.com was an online auction style and fixed-price shopping website offering goods sold directly by the company and items sold by pre-approved third-party merchants. The site specialized in excess new, refurbished, and overstock consumer electronics such as computers, electronics, home goods, jewelry, watches, and cellular phones.
On "Antiques Roadshow" we took a trip back to 1998 when a woman brought in a gorgeous diamond and ruby jewelry collection she inherited from her great aunt, who was married to a congressman back ...