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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: Kurt Cobain’s Sweater From Final Photoshoot Sells for $75,000 at Auction Rolling Stone A sweater worn by Kurt Cobain during the singer's last photoshoot with Nirvana sold for $75,000 at auction Saturday. The cardigan, which Cobain donned at a ... Art Collectors Splurge on Trophy Works at Auctions The Wall Street Journal Collectors jostled at the high end of the market during the New York auctions, smashing record prices for more than four dozen artists, including Claude Monet ... Online Auction Platform Dropit Combines The Excitement Of Gaming With Retail Forbes DropIt is an online platform for 60-second reverse auctions, where prices start high and ratchet lower in 1 second increments. Founders, co-chief executives and ... American Artist Jeff Koons' "Rabbit" Sculpture Auctions For A Record $91 Million DOGOnews On Wednesday, May 15, 2019, an anonymous buyer paid slightly over $91 million to acquire American artist Jeff Koons' "Rabbit" sculpture at Christie's Post War ... Lancaster County Drug Task Force to hold several online auctions throughout year instead of one big annual event LancasterOnline The Lancaster County Drug Task Force's annual public auction — which traditionally would be held this weekend — will not take place today at Lancaster ... Rafters introduce specialty jerseys and auctions wrcitytimes.com For the City Times. 4 Game Mini Plan. WISCONSIN RAPIDS – The Wisconsin Rapids Rafters announced four specialty jerseys the team will wear on select ... AG: At least 115 victims defrauded of $1.04 million by Freeville auction house Ithaca Journal David Hall, owner of National Book Auctions, was arrested on a felony second-degree grand larceny charge in November. Dick Wolfsie takes a lesson from lead auctioneer of Mecum Auctions WISH-TV Dick spoke with Mark Delzell, the lead auctioneer with Mecum auctions. Delzell has been with the organization for 32 years. Surely Delzell has seen some ... The New York Day Sales: Highlights from a Week of Modern and Contemporary Auctions - ARTnews New records were set for Mickalene Thomas, Amy Sherald, Ed Clark, Rashid Johnson, Kevin Beasley, and many more. KAR Auctions Services Targets Spin Of Insurance Auto Auctions Spinco In 2Q Forbes On April 1, 2019, KAR Auction Services, Inc. announced that it has received a favorable private letter ruling from the IRS to the IAA spin. As per the latest Form 10 ... County to suspend auctions of abandoned vehicles | News, Sports, Jobs Maui News The Maui News Maui County's Department of Environmental Management will be indefinitely suspending future abandoned vehicle auctions after the last ... 5G likely to mess with weather forecasts, but FCC auctions spectrum anyway Ars Technica A US Navy memo warns that 5G mobile networks are likely to interfere with weather satellites, and senators are urging the Federal Communications ... Mecum Auction: Tips on buying a used car WRTV Indianapolis INDIANAPOLIS — There are more than 2,000 cars at the Mecum Auction at the Indiana State Fairgrounds. If you're looking for a new ride to cruise around in ... Bring a Trailer Goes Posh as Auction Site Starts “White Glove” Service by Selling Its Own Mercedes Gullwing at No Reserve Car and Driver Pristine 1965 Mercedes-Benz 300SL Gullwing heads to auction to commemorate Bring a Trailer's new Plus and White Glove services. Diamond Bar manse to be auctioned with no reserve in June The Real Deal A newly remodeled mansion on the eastern edge of Los Angeles County is hitting the auction block with no reserve. 'Gone With the Wind' door going up for auction Springfield News Sun The classic film “Gone With the Wind” is now 80 years old. In wake of ‘Wawa the Destroyer,’ a piece of Philly history sold at auction Philly.com The Public Ledger building, a triumph of Gilded Age Philadelphia architect Horace Trumbauer, has stood proudly at the corner of Sixth and Chestnut Streets ... Julien's Auctions Gives Cheddar an Inside Look at Iconic Music Memorabilia Cheddar Julien's Auctions is hosting its Music Icons event this Saturday, May 18th. They will be auctioning off some of the most iconic rock 'n' roll artifacts including ... A ‘Big Healey’ Launches Sotheby’s Online Collector Car Auction Barron's Online auctions are an excellent way to sell classic collector cars, as demonstrated by eBay.com and the startup site BringATrailer.com, founded in 2007. eBay's ... John Lennon-Owned, Beatles-Signed ‘Butcher Cover’ LP Sells for $234,000 at Auction Rolling Stone A John Lennon-owned copy of the Beatles' infamous “butcher cover” version of Yesterday and Today, autographed by three members of the Fab Four, sold for ... Developer halts auction after only 30 people show up Newsday The veteran developer had sought to sell 236 parcels across the county in a two-day auction, but bidder turnout was low. A Monet Sells for $110.7 Million, an Auction High for an Impressionist Work The New York Times After eight minutes of heated competition, Claude Monet's 1890 painting “Meules” sold for $110.7 million on Tuesday, an auction high for the artist and the most ... WATCH: Jim Harbaugh auctions his house for a week-long vacation stay For The Win How much would you pay for a week-long sleepover at Jim Harbaugh's house? The Michigan football coach's home away from home in Coronado, California, ... Rare Books &c. at Auction This Week Fine Books & Collections Magazine A trio of auctions this week: Bubb Kuyper holds a massive sale from Tuesday, May 21 through Friday, May 24, totaling 6,126 lots. See their Order of the Sale ... These 9 Spectacular Watches and Clocks Are the Top Lots at Geneva’s Spring Auctions Robb Report Christie's, Sotheby's, Phillips, and Antiquorum are vying for top prices for important watch collectors at May 2019's Geneva auction sales. Project Developers Continue To Avoid Renewable Energy Auctions In India CleanTechnica May 15th, 2019 by Saurabh. Project developers in India are unwilling to bid for large-scale solar and wind energy tenders, sounding alarms across government ... Used-car magnate buys Fort Lauderdale mansion at auction The Real Deal A major used-car dealer paid $17 million at auction for a Fort Lauderdale mansion, marking the most expensive single-family home sale over the last 18 months. Ex-Terry's Turf Club neon signs up for auction WCPO Mecum is auctioning off dozens of neon signs that once graced the outer walls of Terry's Turf Club in Linwood. Sheriff's Auction nets over 40K THV11.com KTHV Many bids were placed on property ranging from seized/fleet vehicles and to office furniture and equipment. Troy auctions off surplus equipment Times Union TROY – The city is auctioning off surplus equipment from the departments of Public Works and Parks & Recreation. The auction, via Collar City Auctions, ... Engie Wins 200 Megawatts Of Wind In India's Latest Auction CleanTechnica May 16th, 2019 by Saurabh. India completed its seventh national-level wind energy auction despite less that impressive participation from project developers. Second auction of Neil Armstrong's space memorabilia brings total amount sold to $7.5M Houston Chronicle A collection of first moonwalker Neil Armstrong's space memorabilia sold at auction this weekend for $2.34 million -- bringing the total amount purchased over ... Art Speculators Bid to Lose The Wall Street Journal David Geffen, Peter Brant and other collectors pledge to bid on art they want but new third-party backers aim to reap fees by getting outbid; “they don't know what ... Clark County holds government surplus auction News3LV Today, Clark County is holding a government surplus auction, where it is selling 304 vehicles and 580 lots of other miscellaneous items. The auction, which ... PMG certified notes from Lou Manzi Collection dominate auction Numismatic News Several of the notes from the Lou Manzi collection that were graded recently by PMG were sold rapidly at the Spink auction on Thursday May 9. The Lou Manzi ... Google shares details on how first price auctions in Google Ad Manager will work Marketing Land In March, Google announced it will shift to first price auctions for Google Ad Manager, its ad server and publisher exchange, by year end. On Friday, it issued an ... Mecum wraps up Indianapolis auto auction Sunday FOX 59 Indianapolis INDIANAPOLIS, Ind. – Sunday is the last day to participate in Dana Mecum's 32nd Annual Spring Classic. The auto auction is at the Indiana State Fairgrounds at ... India's Gujarat Allocates 745 Megawatts In Undersubscribed Wind Auction CleanTechnica May 16th, 2019 by Saurabh. The Indian state of Gujarat recently completed a wind energy auction, the second for the state since wind energy auctions began in ... GSMA says some 5G auctions are artificially inflating spectrum prices RCR Wireless News The design of some 5G auctions is artificially inflating prices or inefficiently distributing already scarce spectrum resources, industry association GSMA said in a ... NYAG steps into National Book Auction scam case after owner's arrest ithaca.com New York Attorney General Letitia James has officially taken action against National Book Auctions, the disgraced consignment and auction business formerly ... Rare David Bowie demo tape up for auction CNN If you thought David Bowie's music was off-the-wall, wait until you hear the early recordings that didn't make it onto his first album. This Los Angeles County Mansion Will Be Sold At Auction With No Reserve Forbes A spectacular estate in Diamond Bar Country Estates, the gated enclave located in the San Gabriel Valley of eastern Los Angeles County will be sold by Elite ... Oil exec scores Coral Gables estate for huge discount at auction The Real Deal A Coral Gables waterfront estate once listed for $68 million sold for $25.5 million at auction, marking a 62.5 percent discount off the original asking price. Editorial: ACV Auctions' technological triumph Buffalo News Starting a company is like climbing a mountain. It's a high-risk endeavor where one false step can mean the difference between planting your flag at the top or … Former NFL Stars Waterfront Home In Greenwich Set For Auction Greenwich, CT Patch GREENWICH, CT -- Former All-Pro Baltimore Ravens center Matt Birk is auctioning off his waterfront Greenwich home next month for a starting bid of $3.25 ... Sullivan Auctioneers holds open house prior to collector car auction WGEM On Sunday, people got a sneak peak into what organizers said is the largest collector car auction in the country. Sullivan Auctioneers's 13th annual spring car ... Here’s What to Expect at the $1.3 Billion Spring Auctions in New York, From a $58 Million Koons to a Once-Lost Cézanne artnet News Here are all the highlights at the Impressionist, modern, and contemporary art auctions in New York next week. UVA Business Major Auctions Off T-Shirt to Raise Money for Anti-Defamation League NBC 29 News A special T-shirt, created when the University of Virginia and its student body felt at their lowest, could now raise money for the Anti-Defamation League. 2002 John Deere 7610 Tractor Sold for Record Price Yesterday at Auction AgWeb Wow. About all you can say. Another new record high auction sale price recorded yesterday (May 18, 2019) in Jud, ND on a 2002 John Deere 7610 tractor with ... Tamil Nadu discom to halt wind and solar auctions Economic Times Instead, it will buy clean power from the Solar Energy Corporation of India (SECI) to fulfil Renewable Purchase Obligation, a senior state government official told ... Original 'Star Wars' Vehicle Blueprints Hit Auction Block TMZ The original design blueprints to 3 major vehicles in George Lucas' classic 1977 space opera are up for auction. Man City to auction Pep Guardiola's winning 'coatigan' ESPN Pep Guardiola is preparing to part with an item of clothing that has accompanied him and Man City on the road to success this season. Boy Scouts antler auction rakes in big money for racks Buckrail JACKSON HOLE, WYO — The 52nd annual Boy Scouts Antler Auction as premiere event of Elkfest is in the books with an impressive haul and sale. This year ... NEMF Prepares for Six-Week Bankruptcy Auction Wall Street Journal New England Motor Freight Inc. is preparing a six-week process to sell off more than 1,000 semi-tractors and some 4,000 trailers in the largest bankruptcy ... These Four Zagato-Bodied Beauties Are Going Up for Auction at the RM Sotheby’s Villa Erba Auction Robb Report Spanning more than six decades, these vehicles epitomize the Italian coachbuilder Zagato's art, both old and new. Rotary delivers auction proceeds to nonprofits The County The Presque Isle Rotary Club continued its seven-decade tradition of supporting local non-profit organizations recently by disbursing funds raised during the ... As U.S. Debt Rises, Treasury Shakes Up TIPS Auction Schedule Seeking Alpha The new schedule adds a second new 5-year TIPS to the 2019 auction lineup. One 30-year TIPS reopening has been removed. The new lineup allows the ... Meet the Data-Obsessed Collector Tracking Whiskies Going for Millions on the Auction Block - Fortune Meet the Data-Obsessed Collector Tracking Whiskies Going for Millions on the Auction Block Fortune There are three types of buyers for the world's rarest Scotch whiskies: drinkers, collectors, and investors. Andy Simpson is all three. “Today's collectors provide ... Maui County ending abandoned vehicle auctions KHON2 Maui County is suspending abandoned vehicle auctions, indefinitely. Neil Armstrong's private collection nets more than $4.5 million at auction Cincinnati.com Items from Armstrong's private collection, featuring objects flown to the moon, sold for more than $4.57 million. Google’s Move To First-Price Auctions Will Likely Put A Dent In Header Bidding AdExchanger “The Sell Sider” is a column written for the sell side of the digital media community. Today's column is written by Jean-François Bernard, co-founder and chief ... 5 Lots That Will Make or Break the Upcoming New York Auctions Artsy Next week, billions of dollars of art will be up for sale at New York City auction houses, and the performance of top lots will set the tone for the art market for the ... Two CWHL teams open auctions for jerseys The Ice Garden Nearly 21 days after the news broke that the CWHL Board of Directors was ceasing operations of the 12-year-old league, the Markham Thunder and the Toronto ... EJ's Auction and Goodwill help local charities | Business Glendale Star Every Saturday, EJ's Auction and Appraisal is bustling with bidders who purchase estate items live at the full-*service* Glendale auction house or online. Mecum's Spring Classic brings collector cars to Indianapolis WTHR The Mecum Original Spring Classic begins Tuesday at the Indiana State Fairgrounds, bringing an estimated 2000 American muscle cars, classics, Corvettes and ... Jeff Koons' 'Rabbit' Breaks the Auction Record for Most Expensive Work by Living Artist Smithsonian.com Jeff Koons' “Rabbit,” a 3-foot-tall stainless steel sculpture reminiscent of a silver balloon animal, is officially the world's most expensive work by a living artist. Luxe $21 Million Dominican Republic Villa Heads to Auction Caribbean Journal An ultra-luxe villa in the Dominican Republic is headed to auction.Concierge Auctions is selling the property, a 17000-square-foot hilltop estate. Bonnie Springs auctions off remaining artifacts FOX5 Las Vegas LAS VEGAS (FOX5) - Bonnie Springs Ranch is set to auction off all of its antique artifacts starting Saturday, April 27 at The Arena inside Bonnie Springs. Developer begins auction of 236 Suffolk properties Newsday Tuesday, more than two thirds of the 124 properties auctioned went unsold. Another 112 will be auctioned Wednesday. Oldest 'Porsche' could sell for $20 million or more at auction Fox News The oldest surviving sports car built by Porsche, and first to wear the brand's name, is heading to auction this summer and expected to sell for a historic price. Jeff Koons ‘Rabbit’ Sets Auction Record for Most Expensive Work by Living Artist The New York Times A shiny stainless steel sculpture created by Jeff Koons in 1986, inspired by a child's inflatable toy, sold at Christie's on Wednesday night for $91.1 million with ... Ex-president Mugabe auctions off farm equipments africanews An advertsment by Ruby Auction in Zimbabwe let the cat out of the bag, making pubic plans that that former president Mugabe is auctioning off five combine ... US Treasury yields fall amid reports of Asian buying and upcoming auctions CNBC U.S. government debt yields fell Tuesday thanks to Asian interest in long-term notes and bonds and ahead of Friday's first look at U.S. economic output. Treasury ... Special Olympics Of Southern California To Auction Off Dream Home CBS Los Angeles Brian Erickson, a board member of the Special Olympics of Southern California, appeared on KCAL9 News on Sunday morning alongside Debi Anderson, ... This Georgian-Style Mansion In New York Will Be Sold At Auction With No Reserve Forbes A spectacular Georgian-style 19,000-square-foot mansion on 86 acres in Chappaqua in Westchester County, New York will be sold at auction on May 18th. Antiques Collector Bought Cheap “Fake” Picasso – Now Learns it could be Authentic - The Vintage News Antiques Collector Bought Cheap “Fake” Picasso – Now Learns it could be Authentic The Vintage News An extraordinary Pablo Picasso auction is about to take place. When Philip Stapleton, an antiques collector from Crawley, West Sussex, bought a painting. Sotheby's Hauls in $341.9 M. at Contemporary Auction, with SFMOMA's Rothko Selling for $50.1 M. - ARTnews Even as a U.S.–China trade war rages and the stock market continues through a volatile stretch, the contemporary art market is continuing to show unrelenting ... Baum School of Art to host 34th annual art auction 69News WFMZ-TV For the 34th year, various art pieces are up for sale at the Baum School of Art's art auction. Tauntons Silver City Galleria mall sold at foreclosure auction for $7.5 million The Providence Journal TAUNTON — Following a foreclosure auction Friday morning in the parking lot, the Silver City Galleria mall has a new owner.Brockton resident and investor ... Massive collection of 110 vintage muscle cars revealed in southwestern Iowa ahead of auction Des Moines Register Coyote Johnson of Red Oak, Iowa, is planning to auction off the massive collection of muscle cars he's spent his life collecting. 'Rarest Beatles record in the world' hits the auction block New York Post John Lennon's personal "butcher" edition of The Beatles "Yesterday and Today" album, considered by many musicologists to be the most rare Fab Four album in ... Biggest Little Dog Park Dog Silhouette Auction KTVN Today The Biggest Little Dog Park Coalition in Reno auctioned off 12 dog silhouettes which will be attached to the fence at the Biggest Little Dog Park. Michael Jackson autographed jacket may fetch $80K on auction block Fox Business Iconic rock memorabilia hits the auction block in New York City this weekend. Nearly 28,000-Square-Foot D.C.-Area Home to Hit Auction Block Mansion Global A 27,256-square-foot chateau in the Washington, D.C., area is headed to a live, on-site auction next month with no reserve. Most recently asking just under ... Marilyn Monroe’s lock of hair from 1959 up for auction New York Post A 60-year-old clipping of Marilyn Monroe's hair is up for auction – along with a photo of the blonde bombshell.The “very well preserved” hair is being offered by ... Fish auctions on FB Live? Yes, it's a thing in Malaysia and thousands are hooked | Malaysia Malay Mail Together with a few partners, Audrey Goo started MyFishMan which is an online seafood delivery *service*. — Picture by Choo Choy May. KUALA LUMPUR, May ... H. Wayne Huizenga’s mansion up for auction — with listed price reduced by millions Sun Sentinel An auction company is taking a crack at selling the waterfront estate of the late Fort Lauderdale billionaire H. Wayne Huizenga on Tuesday, with the bidding ... Developer to auction off 230 Suffolk properties Newsday Controversial real estate developer Robert Toussie plans to sell more than 230 parcels of land in Suffolk County at a two-day auction in Hauppauge next week. 3-T Auction to benefit Papa's Boots to be held Lewiston Sun Journal NORWAY — A 3-T Auction will be held at Norway Grange, 15 Whitman St., on Saturday, June 1. To start the evening off there will be a free meal of beans, hot ... A Stolen Letter Written by Alexander Hamilton in 1780 Resurfaces The New York Times A letter written by Alexander Hamilton during the Revolutionary War has resurfaced more than seven decades after the document was stolen from the ... David Tennant's Doctor Who Converse Sneakers Are Going Up for Auction Mental Floss You may never get the chance to own a working TARDIS, but you can buy the cream-colored Converse sneakers favored by Tenth Doctor David Tennant. Jerry Lewis estate ready for Las Vegas auction amid confusion Las Vegas Review-Journal The Las Vegas estate Jerry Lewis called home from 1982 until his death is up for sale, but the online listing has led to confusion among those interested in the ... Piece of JFK’s limo from Westport company pulled from Dallas auction Westport News WESTPORT — A piece of leather, apparently from the back seat of the limousine President John F. Kennedy was riding in when he was assassinated, has been ... Trump Radio Comes To CT; Former NFL Stars Home Set For Auction Patch.com Connecticut's Week In Review - Across Connecticut, CT - Historic farm opening new ice cream shop/ Restaurants close abruptly/ Mother-daughter win Lottery/ ... Old Tucson founder's movie memorabilia collection going up for auction Arizona Daily Star A treasure trove of Old Tucson movie memorabilia belonging to the Wild West attraction and film studio's founder, Robert Shelton, is up for grabs in an online ... Out and About: Local, regional art up for bid at Baum auction 69News WFMZ-TV See some of the finest of local and regional art at The Baum School of Art's 34th annual art auction. Fantasy Football: 2019 Early Auction Trends The Fantasy Footballers This is one of my favorite articles to write each year because just like a box of chocolates, you never know what you're going to get. Record-breaking seasons by ... Big results: Multimillion-dollar auction sales recorded despite election Domain News In a weekend of shock federal election results, there were also some surprising outcomes at auctions in capitals across the east coast of Australia. Despite the ... Customs auctions vehicles to 'raise money for the state' The Daily Star Lebanese Customs held its second auction of abandoned goods at Beirut Port in an effort to “raise money for the state,” agency head Badri Daher said Sunday. For the Auction-Weary: Eric Doeringer's 'Christy's' Sale Offers Bootleg Blue-Chip Art for Millions Less - ARTnews The good thing about my Rabbit is that if its gets scratched up, you can just blow it up again!” |
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