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RR Auction is an auction house established in 1976 by Bob Eaton. The company headquarters is in Boston with a production office based in Amherst, New Hampshire. [1] The company is known for its monthly auctions of historical documents, manuscripts, autographs, artifacts, sports collectibles, spaceflight memorabilia, presidential items and more. [2]
Auctions. 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 ...
A Dutch auction initially offers an item at a price in excess of the amount the seller expects to receive. The price lowers in steps until a bidder accepts the current price. That bidder wins the auction and pays that price for the item. For example, a business might auction a used company car at a starting bid of €15,000.
Andre Romell Young (born February 18, 1965), known professionally as Dr. Dre, is an American rapper, record producer, record executive, and actor. He is the founder and CEO of Aftermath Entertainment and Beats Electronics, and co-founder of Death Row Records. Dre began his career as a member of the World Class Wreckin' Cru in 1984, and later ...
RB Global, Inc. Ritchie Bros. Auctioneers (RBA), or simply Ritchie Bros., [1] is a publicly traded American-Canadian- domiciled company with headquarters in Westchester, Illinois. Its common shares are traded on the Toronto and New York stock exchanges. [2]
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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 reverse auction (also known as buyer-determined auction or procurement auction) is a type of auction in which the traditional roles of buyer and seller are reversed. [1] Thus, there is one buyer and many potential sellers. In an ordinary auction also known as a forward auction, buyers compete to obtain goods or services by offering ...