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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: GWS Auctions Reps Say Priscilla Presley Had 'Very Clear' Recollections of Elvis Memorabilia - PEOPLE Three years later, the Sheriff’s Office resumes auctions for 1,000-plus tax-delinquent properties The Philadelphia Inquirer Mecum Auctions continue at the Farm Show Complex in Harrisburg WGAL Susquehanna Valley Pa. Mansfield Memorial Museum plans online auctions as it restructures to all-military museum Mansfield News Journal The Auction Place LLC holds ribbon cutting ceremony SalemNews.net NY: Maradona, Michael Jordan and Kobe Artifacts Highlight Sotheby’s Sports Week Auctions - 54790892 ttownmedia.com Iconic TriBeCa Penthouse Goes To Auction: Concierge Auctions Presents A New York City Treasure Travel And Tour World NY: Maradona, Michael Jordan and Kobe Artifacts Highlight Sotheby’s Sports Week Auctions - 54790901 NonStop Local Billings From Heisman Trophy to SUV, O.J. Simpson property auction approved to pay off civil claims Los Angeles Times NY: Maradona, Michael Jordan and Kobe Artifacts Highlight Sotheby’s Sports Week Auctions - 54790902 Carroll Daily Times Herald NY: Maradona, Michael Jordan and Kobe Artifacts Highlight Sotheby’s Sports Week Auctions - 54790892 NBC Right Now Auction of controversial African art collection in Houston again halted by 11th-hour court filing Houston Public Media NY: Maradona, Michael Jordan and Kobe Artifacts Highlight Sotheby’s Sports Week Auctions - 54790902 Bennington Banner Selected Western livestock auctions Capital Press Mesa County Fair livestock auction surpasses $1 million Grand Junction Daily Sentinel Sold! Susquehanna Valley man is one of the top auctioneers in the country WGAL Susquehanna Valley Pa. TRF Holds 'Stallions for Second Chances Halter Auction' Thoroughbred Daily News NY: Maradona, Michael Jordan and Kobe Artifacts Highlight Sotheby’s Sports Week Auctions - 54790898 NonStop Local Billings OJ Simpson's items can go up for auction, judge rules Fox 5 Las Vegas TRF Announces Stallions for Second Chances Auction BloodHorse.com VIDEO | Raucous bidding at Washington County Fair Jr. Livestock Auction washingtoncountyinsider.com Some Elvis Collectibles Recently Sold at Auction Could Be Fake, Graceland Execs Allege - Robb Report NY: Maradona, Michael Jordan and Kobe Artifacts Highlight Sotheby’s Sports Week Auctions - 54790891 NonStop Local Billings Kevin Spacey's condo in Baltimore sold after auction WBAL TV Baltimore Las Vegas judge allows O.J. Simpson estate to auction off memorabilia KLAS - 8 News Now Whole Lotta Land ~ McGuffin donates lot for Super Auction Citizentribune Stunning Three-Story TriBeCa, New York City Penthouse Heading to Auction via Concierge Auctions EIN News KIds auction showdown KEZI TV Watch Presented To Joe DiMaggio Honoring 61-Game Hitting Streak in 1933 Now at Auction Sports Collectors Daily Hermann Historica: Fine Antique and Modern Firearms. Auction results from 10-11-July all4shooters.com VIDEO | 4-H Silent Auction in the Ziegler Building at Washington County Fair washingtoncountyinsider.com Bidding sets record at 99th Chincoteague Pony Auction easternshorepost.com More defaults, and perhaps auctions, for Mattson-owned properties in Sonoma Valley The Santa Rosa Press Democrat MyRacehorse Launches Online Auction Fund for Aftercare BloodHorse.com Support the future of woodworking at the IWF Silent Auction woodworkingnetwork.com Maine Masterpieces & Moxie Memorabilia at Thomaston Place Auction Galleries on August 23-25 PenBayPilot.com Michael Jackson’s Signed Drawings Set for Auction in Los Angeles Hollywood Reporter Graceland Questions Authenticity of Elvis Presley Memorabilia Sold by Auction House Hollywood Reporter Treasury likely to keep most auction sizes steady for now StreetInsider.com WWE Hall of Famer Ric Flair Reacts to Match-Worn Jungle Robe Being on Sale at Auction Bleacher Report Heartland Motorsports Park says auction canceled, 'pre-auction offer received' The Topeka Capital-Journal Iconic ’80s Billboard Star Angelyne Lists Her Used Undies For Sale In Auction To Fund Her Own Film Daily Caller Poland: RES Auctions Timetable 2024 Clyde & Co 4-H Blue Ribbon Livestock Auction Is at Ogle County Fairgrounds Aug. 3 Morning Ag Clips - Selling to the highest bidder: Raleigh mansion with a Russian criminal history Raleigh News & Observer Freaks movie poster gets over $100,000 at auction JustCollecting News Pony Auction proceeds set another record Shore Daily News Kobe Bryant locker, Maradona jersey up for auction in New York Port Lavaca Wave Ultra-rare NES Gold Nintendo World Championships cartridge auction sits at $77,000 — one of only 26 ever made Tom's Hardware Dover Shoney's restaurant, the last in Ohio, to close and be sold in online auction - Times Reporter One-off 2025 BMW M5 heads to Monterey Car Week auction Motor Authority 1990 Ford LTD Crown Victoria With 32K Miles Up For Auction Ford Authority Kobe Bryant locker, Maradona jersey up for auction in New York Miami County Republic Want to own a paper machine or bulldozer? Second auction planned for Wisconsin Rapids paper mill. Wisconsin Rapids Tribune |
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