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Net Auctions and Auction Information |
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Auction and Its Benefits
An auction is basically a public sale wherein any object issold to the highest bidder. It can be defined as a process of purchasing and selling things by offering them up for bid, taking bids and selling the things out to the highest bidder. This is what is generally the case. However, a sale to the lowest bidder may also take place, in cases where land is sold for non-payment of taxes to anyone willing to take it for the shortest term; or where a contract is offered to an individual or party willing to take it for the shortest term; or where a contract is offered to an individual or party willing to perform it at the lowest price. Such cases too seem to fairly come under the purview of the term 'auction'. In case of auction the seller presents the products on a public platform. The selling price of the products are determined by the bids or offers of buyers interested in buying them based on their individual estimation of value of and need of the products. The person offering the highest bid at closing of auction receives the right to purchase the products at the bid price. The winner of the bid is normally legally bound to buy the item auctioned. In recent times auctions have been conducted online. The benefits of auction are many. Some of the significant advantages are: a) The auctioned item fetches the highest price in the given situation. Thus, in a way there is the maximization or optimization of profit. b) At an auction the goods are almost certainly disposed off after bidding by their sale to the highest bidder. Hence, this serves as the right podium for disposing or selling out of accumulated goods. Otherwise, business could have become stagnant due to the stocking of these goods. Certain items could also have perished (in case of perishable goods) or expired if not sold out in time. c) In case of auctioning a variety of articles may come up for sale, which may not be otherwise available in the market. The buyer can get quite surprised by looking at a treasure trove of antique articles available at an auction. d) An auction can also be considered as a method for estimating the value of certain commodities which have hitherto undetermined or variable prices. Author bio:
MORE RESOURCES: Threadgill's auctions off memorabilia with years worth of memories KXAN.com AUSTIN (KXAN) — Back when Congress Avenue was a barley-paved, two lane road, Threadgill's was becoming a place to play the guitar for anyone who would ... Police to Auction Off an Inmate’s Designer Sneakers The New York Times The police in Gloucestershire, England, will use the proceeds from the sale of 55 pairs of shoes to fund crime prevention initiatives. Threadgill's World Headquarters Auctions Memorabilia Spectrum News AUSTIN, Texas — Hundreds of people attended Threadgill's World Headquarters auction Saturday, hoping to take home a piece of Austin history. Hundreds ... Selected Western livestock auctions | Livestock Auctions Capital Press Oregon. EUGENE. (Eugene Livestock Auction). Dec. 1. Head Count: 510. Comments: Slaughter Cows steady to $3 to $5 higher, Bred Cows stronger, Feeder ... Mexico to cancel February auctions for oil, gas blocks including first shale areas: energy secretary Reuters MEXICO CITY (Reuters) - Mexico's energy secretary Rocio Nahle said on Saturday that President Andres Manuel Lopez Obrador's newly installed ... barbara bedell" From Vespers to auctions the season is plentiful Times Herald-Record There wasn't an empty seat at the packed Vespers *Service* at Mount Saint Mary College on Dec. 2. The annual *service* is always standing room only and it is ... First Friday in Carbondale tonight is full of holiday events, auctions Aspen Times Holiday tradition will fill Friday night as Carbondale hosts multiple events for its monthly First Fridays celebration. Activities will get under way with a special visit ... Archaeology Sotheby's auctions off ancient Egyptian artifacts Al-Monitor At its Ancient Sculpture & Works of Art event on Dec. 4 in London, Sotheby's auctioned off 59 antiquities. The vast majority of these antiquities were ... Knoxville's Whimsical Villa Vista Estate Auctions On December 8 Forbes Villa Vista, one of Tennessee's largest estates, comes to auction on December 8th, courtesy of Elite Auctions. The sprawling 1.15-acre property in Bridgemore ... A bunch of Michigan land is going to auction, including a spot in Highland Hometownlife.com The auction also includes a couple of parcels in metro Detroit, in Oakland and Livingston counties. Binance Coin To Be Used in Decentraland's Virtual LAND Auctions UseTheBitcoin The popular crypto exchange Binance and Decentraland sign a new partnership to improve blockchain-gaming solutions. Cboe Europe Defends Periodic Auctions Markets Media Mark Hemsley, president of Cboe Europe, said volumes have grown in periodic auctions because trades have lower market impact as European regulators have ... Pearl Harbor museum auctions adventures AOPA Pilot December 5, 2018 By Jim Moore. A helicopter journey from Seattle to Oshkosh, Wisconsin, for EAA AirVenture and upset recovery training in jets are among the ... 3 Amazing Factors To Consider When Choosing An Auction Baltimore Post-Examiner Sometimes, the best way to acquire timeless pieces is by buying them from somebody else. This can be by trading directly or by using a third party. Trading ... The Car Auctions Are Getting Into the Era of Rad Jalopnik Look out, Bring A Trailer: there's a new (well, old) kid on the block ready to sell the over-moneyed masses their next pristinely kept Nissan 300ZX. RM Sotheby's ... Blue Diamonds Take the Spotlight at Holiday Auctions Barron's Sotheby's and Christie's will auction a strong collection of rare and important gemstones in New York just in time for the holidays, with both featuring a blue ... EBTH auctions Reds memorabilia - Cincinnati Business Courier Cincinnati Business Courier Cincinnati online estate sale auction house Everything but the House is giving the public a chance to own pieces of Reds history. The Machine That Drives the Auction World The New York Times A blockbuster week of sales backed by third-party guarantees reassures the art world that the market is humming, if not booming. Florida Home Once Listed For $159 Million Finally Sells At Auction Forbes Florida's Playa Vista Isle had an asking price of $159000000 and just sold at auction for the highest auction price on record in the U.S.. EBTH auctions off historic Reds memorabilia WKRC TV Cincinnati CINCINNATI (Cincinnati Business Courier) - Cincinnati online estate sale auction house Everything but the House is giving the public a chance to own pieces of ... Pope Francis gets a snazzy new Lamborghini -- and auctions it off KMOV.com Rome (CNN) -- The two struck a striking figure: the Pope in his white cassock and his snazzy new ride with its white gleam. Sotheby's Magnificent Jewels Auction, Featuring Sinatra and Rockefeller Gems, Reaps $46.4 Million Forbes When jewels from big names such as Frank and Barbara Sinatra and Nelson and Happy Rockefeller come up for sale at auction, big things happen. Today's NY ... Christie’s Nets HK$2.75 Billion in Hong Kong Fall Auctions Barron's Su Shi's masterpiece 'Wood and Rock' sells for HK$464 million. The online auctions where cocaine is sold by the kilogram The Sydney Morning Herald Sydney's drug economy is so lucrative that “entrepreneurs” are flying in with the drug to sell without having a buyer or even knowing a single person. Early IPL auctions set to throw domestic calendar out of gear Cricbuzz There is growing discontent over the IPL auctions being held on Dec 18 this year, mainly because it renders the the Syed Mushtaq Ali T20 tournament obsolete. Two historic Corvettes offered as single lot at Kissimmee auction The ClassicCars.com Journal The 1963 Chevrolet Corvette Sting Ray convertible built for Harley Earl and the '64 Corvette Sting Ray coupe created for his successor, Bill Mitchell, will be ... Kicks To Beat Cancer auctions to support The V Foundation ESPN As ESPN celebrates its 12th annual V Week for Cancer Research, a new initiative has been added to the slate of charitable fundraising drives, seeing several of ... Bidding is on for the most expensive home ever to hit the auction block CNBC Real estate auctions, once used for foreclosures and distressed sellers, is now moving upmarket. The number of multimillion-dollar homes being sold at auction ... Frank Sinatra's Audemars Piguet Watch Sells At Sotheby's Auction, Along With His Paintings And More Forbes Frank Sinatra's Audemars Piguet watch was only expected to garner $1200 at the recent "Blue Eyes" auction by Sotheby's -- it went for a lot more than that. A bunch of Michigan land is going to auction: How to bid Detroit Free Press The auction also includes a couple of parcels in metro Detroit, in Oakland and Livingston counties. Frank Sinatra items, including 20-carat diamond engagement ring, make $9M hit at auction - USA TODAY Frank Sinatra items, including 20-carat diamond engagement ring, make $9M hit at auction USA TODAY The private treasures of Frank Sinatra and his wife, Barbara, were a multimillion-dollar hit at auction. Mark Glen Auctions to host comprehensive restaurant auction Pacific Business News (Honolulu) The owners of Loulen's Restaurant in Kalihi are holding a comprehensive auction of their restaurant equipment on Saturday. Mark Glen Auctions is handling the ... Henzel Studio Auctions Carpets by Established Artists Architectural Digest Henzel Studio is bringing its colorful creations to a new venue. Known for punchy handwoven styles (of which Robert Downey Jr. is a fan) and collaborations ... Annual Veterans Taxi Medallion Auctions Scheduled on All Three Islands St. John Source The annual Taxi Medallion Auction will take place in December on all three islands, according to a press release issued by the management and staff of the ... Car used by LeBron James as high school senior going to auction ESPN The 2003 Hummer H2 used by LeBron James as a high school senior will hit the auction block and is expected to fetch over $100000. Guests win big at Quarters for CASA auction WBOY.com The quarters for CASA auction was held Saturday at the Harrison County Senior Center. Auction goers could bet as little as a quarter and win big ticket items. Mexico's new president sees 3-year hiatus on oil auctions The Associated Press MEXICO CITY (AP) — Mexico's new president says he will take a three-year break from awarding new oil exploration contracts in order to judge the results of ... Burgan Opens Online Auctions with Uptown Theatre businessjournaldaily.com YOUNGSTOWN, Ohio – Burgan Real Estate will hold an online auction, the company's first, Dec. 1 for the Uptown Theatre, 2728 Market Street. Bidding will ... State regulators clear Millstone nuclear plants to compete in zero-emission energy auctions Hartford Courant Connecticut regulators rule Millstone plants "at risk for retirement" and should be allowed to compete against wind, solar in zero emission energy auctions. Einstein's Religious Views on Display at 2 NY Auctions NBC New York Two Einstein artifacts up for auction in New York contained clues to the spiritual beliefs of the 20th century's best-known thinker. Bring home a piece of the Peabody; museum holding online auctions Yale News The Yale Peabody Museum of Natural History is preparing to undergo a comprehensive renovation. In preparation for that transformation, the museum will hold ... Einstein's religious views on display at 2 New York auctions Fox News NEW YORK – Did Albert Einstein believe in God? The famous physicist was constantly questioned about his religious beliefs during his lifetime. Two Einstein ... J.M. Davis Museum guns up for auction at Heritage Auctions on Dec. 9 Tulsa World About 140 collectible firearms from the J.M. Davis Museum are up for bid now through a Dec. 9 live auction date at the Heritage Auctions web site. Auction helps female educators' community outreach efforts Greensboro News & Record Alpha Delta Kappa's Lambda Chapter holds an auction each November for members and their guests in order to raise money for scholarships and altruistic ... 6 questions about tax foreclosure auction Wayne County needs to answer Detroit Free Press To fix the Wayne County tax foreclosure auction, you have to understand it. That's a problem. A photo of Hitler posing with a girl of Jewish heritage auctions for $11,520 CNN This photograph of Adolf Hitler embracing a young Jewish girl who he called his "sweetheart" sold for $11520 this week. Looks Like the Kids Aren’t Going to College After All: Luke Skywalker’s Lightsaber Is Up for Auction Vulture Hollywood auction house in Profiles In History is putting Luke Skywalker's lightsaber from Star Wars: Episode IV – A New Hope up for auction. Palouse Cares Food Drive and Auctions set for Saturday Lewiston Morning Tribune MOSCOW — The 13th annual Palouse Cares Food Drive and Auctions take place Saturday in 13 local communities. Beginning at 9 a.m., hundreds of volunteers ... Although buyers are being cautious, auction numbers and sales rates are steady and most of those that sell are fetching more than their rating valuations Interest.co.nz Both auction activity levels and the prices being achieved appeared to be stable in November, according to the results of residential property auctions monitored ... Castle-like Bluffton mansion listed for $9M will be sold ... in Hong Kong. Here’s why The Island Packet A castle-like mansion listed for sale for $9 million in Bluffton, South Carolina, will have a new owner in December after an auction in Hong Kong. The realty firm ... Couple charged in bilking farm owner out of $388,725 in auction proceeds Wisconsin State Farmer OCONTO – An Oconto County couple faces prison time after bilking a farm owner out of nearly $390,000 worth of proceeds following a November 2015 auction. 10-Year TIPS Auctions At 1.109%, Highest In Nearly 8 Years Seeking Alpha The last time a 9- to 10-year TIPS auctioned with a real yield above 1.00% was on January 20, 2011, at 1.17%. Buyers got this TIPS at a substantial discount ... New online auction for great deals Komando Good Will has own online auction and it just might help you get some of the best deals ever. How record-setting art auctions are ruining the old neighborhood The Washington Post Art critics generally hate it when an auction house sets a record. Thursday, at Christie's in New York, a painting by David Hockney fetched more than $90 million ... Concierge Auctions' December Sale includes Galveston beachfront home Houston Business Journal A beachfront home in Galveston is one of 18 properties in Concierge Auctions' second-annual December Sale, according to a press release. Located at 17007 ... Addison High School lunch auction raises nearly $2,800 The Daily Telegram ADDISON — Students at Addison High School on Friday put the spirit of the holidays in the forefront of their minds, raising $2789.25 for area families in need at ... Austin Restaurant Threadgill’s Auctions Decades of Memorabilia Eater Austin The South Austin location of Threadgill's on 301 West Riverside will shut its doors this weekend, and begin the process of dismantling the historic restaurant. With 2019 World Cup in mind, Bangladesh’s Mustafizur Rahman to miss IPL auctions The Indian Express The Bangladesh Cricket Board had reportedly told Mustafizur Rahman earlier in the year that he would be preserved for national duty ahead of the 2019 World ... 'Buyer beware' for Livingston County parcel in DNR land auction Livingston Daily Land is up for auction in Livingston County by the DNR but potential bidders are being asked to do their due diligence before bidding. Photos: Go inside a $6M Texas lakeview estate heading to auction this month Houston Business Journal A North Texas lakeview estate will sell to the highest bidder this month as part of Concierge Auctions' second-annual December Sale. Located at 7621 Sierra ... Auction Report: The Rolex Ref. 6062 'Dark Star' Is The Coolest Watch Of This Week's New York Auctions HODINKEE Christie's is selling this unbelievable triple calendar for the second time – and the results will be very interesting. Gun Collectors Have Rare Chance At Arms Museum Auction News On 6 The J.M. Davis Arms and Historical Museum is selling pieces from their collection for the first time. Yager auction draws a crowd | Local News Effingham Daily News EFFINGHAM — An array of sports and celebrity memorabilia caught the eye of one bidder at the Mike and Laurie Yager Estate Downsizing Auction on Friday. Teen auctions virginity for $100K to help pay her parents' mortgage KRON4 SYDNEY, Australia (KRON) - A teen in Sydney, Australia who started a website to auction her virginity says she hopes to raise at least $100,000 to pay for ... Local consumers say they're owed thousands by Tompkins auction company The Ithaca Voice FREEVILLE, N.Y. — A Tompkins County-based auctioneer has been ordered to pay nearly $70,000 for taking items on consignment from a museum and not ... Man auctions daughter as child bride on Facebook, gets 500 cows, 3 cars, $10,000 WCBD News 2 (WFLA/CNN) - A humanitarian organization is outraged after a man in South Sudan used Facebook to auction off his daughter as a child bride. Yale Peabody Museum holding online auctions of surplus items New Haven Register NEW HAVEN — Yale University's Peabody Museum of Natural History is holding several online auctions “of items it can no longer use” in advance of a ... Auction of Bill Sharon estate is trove of local history The Mercury SPRING CITY — Known throughout Pottstown as "Bill the Cat Guy," the extensive collection of the late Bill Sharon will be auctioned off this weekend and it ... Over 1000 players register for IPL 12 auctions Cricbuzz As many as 1003 players have registered for the upcoming Indian Premier League auctions, including 232 overseas cricketers. With 70 spots available to be ... Sweaters get 'ugly' at Retired and Senior Volunteer Program silent auction Greeley Tribune Donna Gibson, who has volunteered for Retired and Senior Volunteer Program for about 15 years, checks out a dish at the program's ugly sweater party and ... Australian teen auctions virginity to help pay for college, her parents' mortgage CBS17.com SYDNEY (KRON) - A teen in Sydney, Australia who started a website to auction her virginity says she hopes to raise at least $100,000 to pay for college, a car, ... From cribs to coats to camps, agencies say Children's Auction fills vital need The Laconia Daily Sun LACONIA — The Greater Lakes Region Children's Auction, now in its 37th year, does more than just raise a tremendous amount of money for charity – it ... Sharon Tate's wedding dress sells at auction for $56,000 CNN An anonymous buyer has bagged a ghoulish piece of movie memorabilia after winning an auction for actor Sharon Tate's wedding dress. Tate was murdered by ... Tanzania Shuts Cashew Auctions, State Takes Over Purchases Bloomberg Tanzania President John Magufuli ordered all cashew auctions closed and said the government will buy the crop from farmers at a 10 percent premium of what it ... Wind the only winner in Poland mixed energy auction for projects over 1 MW pv magazine International Unlike similar auctions in France and Germany recently, in which only PV projects were selected, in Poland all the contracted power went to wind. The exercise ... Federal Auction of 5G Airwaves Gets Off to a Slow Start. Here's Why Fortune The 5G airwave license auction got off to a slow start, as few bidders offered the Federal Communications Commission much for the spectrum. The Biggest Winner of Auction Week and 12 Other Takeaways From New York’s $2 Billion Sales artnet News From the biggest winner to the most surprising pass, here are our parting observations from last week's auction marathon. artnet News, November 20, 2018. UVA Cancer Center Auctions Wreaths to Raise Money for Patients NBC 29 News The UVA Cancer Center is auctioning off 100 wreaths to raise money for cancer patients and their families. Berketex collapse: More than 20,000 wedding dresses on sale BBC News Bridal outfits and hundreds of pairs of shoes are being sold after the collapse of Berketex Bride. Pickles Auctions linked to towing company with Hells Angels links Herald Sun Pickles Auctions has been using a towing company with links to the Hells Angels bikie gang. Phillips Geneva Auction Proves You Can Double Your Money With The Right Watch At The Right Time Forbes There were no sensational $17-million Paul Newman Daytonas in the Phillips in Association with Bacs & Russo auction in Geneva last weekend, but one glaring ... Power Up event raises money for the Children's Auction The Laconia Daily Sun LACONIA — The Real Downtown Santas Pubmania Team raised more than $700 for the Lakes Region Children's Auction through its two-hour fitness workout, ... German officials sound China alarm as 5G auctions loom Reuters BERLIN (Reuters) - Senior German officials are planning a last-ditch drive to convince the government to consider excluding Chinese firms such as Huawei from ... Einstein's 'God letter' fetches $2.9M at auction KALB News The letter, which was sold at Christie's on Tuesday, was written the year before the Nobel prize-winning physicist's death. Tesla Partners With Auction Companies To Manage Used Car Market CleanTechnica November 27th, 2018 by Steve Hanley. Car auctions move billions of dollars a year and are essential to the US automobile industry, yet operate out of the public ... Auction house cancels controversial rhino horn sale CNN International auction house Bonhams has canceled an upcoming sale of rhino products amid mounting pressure from environmental groups, it was announced ... Blandford Homes wins state auction bid for Mesa parcel Phoenix Business Journal Blandford Homes LLC, a Gilbert-based master-planned community developer, was the winning bidder of a 40-acre parcel of vacant land in an auction by the ... See inside $6M Knox mansion Villa Vista, will sell at December auction Knoxville News Sentinel The mansion includes a glass staircase, wine cellar, infinity pool and six fireplaces. Albert Einstein's Controversial 'God Letter' Fetches $2.89 Million At Auction HuffPost A private letter penned by Albert Einstein in which he characterizes religious beliefs as “childish superstitions” fetched a record-breaking $2.89 million at an ... Warren County Courthouse Liquidation Auction on December 14th KNIA / KRLS Radio Putney Auction *Service* in Indianola is hosting the auction, which includesitems ranging from generators and office equipment to electronics. The auction will be ... Clare County land parcels up for sale in DNR auction The Morning Sun Two pieces of land managed by the Michigan Department of Natural Resources in Clare is going up for auction next Tuesday. Rare Jewels Hit The U.S. Auction Blocks, From Dec 3-6, 2018 Forbes The best renowned, legendary and private collection pieces to hit the auction block in the U.S. this week. Auction marks the closing of the Sons and Daughters of Italy lodge in FWB The Northwest Florida Daily News FORT WALTON BEACH — Dale DeFrank was the sole member of the Sons and Daughters of Italy Lodge 2422 who sat among bidders at the organization's ... Bid Boom: Giant Farm Equipment Online Auction Begins Drovers Magazine The Year-End Unreserved Online Dealer Auction, featuring a complete range of farm machinery, will kick off opening bids on Dec. 6 and close on Dec. 27. Hometown Farmer - Wakonda farm toy auctions Siouxland News When you're a kid and you dream of being a farmer, it's fun to push little toy tractors and combines around the living room floor. You think those toys are worth ... An Exclusive Tour of the (RED) Auction at Art Basel Vanity Fair Sir David Adjaye and Theaster Gates walk through the works they curated for an auction that raised $10.5 million to fight AIDS Wednesday night. Marilyn Monroe's Golden Globe sells for record $250,000 at auction Reuters (Reuters) - Marilyn Monroe's Golden Globe Award sold for a record-breaking $250,000 at Julien's Auctions in Beverly Hills, California, auction officials said late ... Preview state auction vehicles now through Monday ABC27 Pennsylvania is putting more than 300 vehicles up for auction next week, and people can get a look at what's for sale beginning Friday. Two Kilbourn Tower condo units to be sold at auction BizTimes.com (Milwaukee) Two condominium units in the Kilbourn Tower in downtown Milwaukee, will be sold at auction. Mexico suspends upcoming auction for renewables pv magazine International The Mexican National Center for Energy Control (CENACE) has announced that the fourth long-term auction has been temporarily suspended, due to changes ... |
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