Search results
Results From The WOW.Com Content Network
A Yankee auction is a single-attribute multiunit auction running like a Dutch auction, where the bids are the portions of a total amount of identical units. [ 71 ] [ 72 ] [ 73 ] The amount of auctioned items is firm in a Yankee auction unlike a Brazilian auction.
The auction chant is a repetition of two numbers at a time which indicate the monetary amount involved with the sale of an item. The first number is the amount of money which is currently being offered by a bidder for a given item. The second number is what the next bid needs to be in order to become
The practice of auctioneering involves more than the well-known auction chant heard at most auctions in the U.S. . In addition to learning the chant, a typical auction school will provide instruction on the legal requirements involved with auctioneering as well as instruction on how to conduct various types of auctions (livestock, real estate, government, etc.) and how to start and operate a ...
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.
Here's how to buy furniture at an auction. Whether you’re shopping in-person or online, arrive armed with tips and tricks. Here's how to buy furniture at an auction.
In a lowest unique bid auction, the bid that is the lowest and unmatched when the auction closes is the winning bid. Unique bid auctions will typically allow bids to be very precise, in that each bid can be specific to the 'penny'. For example, a unique bid auction might run as follows:
A red, automatic 2012 Chevrolet Corvette C6 coupe just sold at Barrett-Jackson for $330,000. That’s over $150,000 more than the base price of the new ZR1.
Timed bidding auctions allow users to bid at any time during a defined time period, simply by entering a maximum bid. Timed auctions take place without an auctioneer calling the sale, so bidders don't have to wait for a lot to be called. This means that a bidder doesn't have to keep his eye on a live auction at a specific time.