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Auction Information ChannelSEARCH: The auction information channel Directory of Information
auctions Akron, Ohio listings, estate sales Akron, Ohio, surplus liquidations Akron, Ohio
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An auction is basically a public sale wherein any object is sold 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:
Author: Kellin
http://www.autocastle.com/
http://www.autocastle.com/dealers.asp
MORE RESOURCES updated Wed. September / 19 / 2018Domain News | Explainer: Why auction clearance rates matter Domain News The Domain auction clearance rate is the portion of properties successfully sold at an auction, or prior to an auction. It is represented as a percentage. The percentage is found by dividing the aforementioned auction sales by the total number of ... |
Bemidji Pioneer | Bemidji Sculpture Walk to hold auction for dog statues Bemidji Pioneer BEMIDJI—As of Monday, there were a dozen fewer sculptures around downtown Bemidji, as the painted dogs in storefront windows and on street corners were taken down to prepare for their upcoming sale. |
Kings Care Foundation Mobile Auction NHL.com Support the Kings Care Foundation by bidding on items through our Mobile Auction! Auctions take place at home games throughout the season based on homestands. Mobile bidding means you don't have to be at a game to participate in the auction -- you ... |
ACV Auctions ranked in top 20 on 2018 “Top Company Cultures” list presented by Entrepreneur and Energage NEWSTAGE 18, 2018 /PRNewswire/ — ACV Auctions Inc., the leading dealer-to-dealer, online wholesale auction platform, was recently ranked on Entrepreneur magazine's Top Company Cultures list, a comprehensive ranking of U.S.-based businesses exhibiting ... |
ACV Auctions ranked in top 20 on 2018 "Top Company Cultures" list presented by Entrepreneur and Energage PR Newswire (press release) 18, 2018 /PRNewswire/ -- ACV Auctions Inc., the leading dealer-to-dealer, online wholesale auction platform, was recently ranked on Entrepreneur magazine's Top Company Cultures list, a comprehensive ranking of U.S.-based businesses exhibiting ... |
ACV Auctions ranked in top 20 on 2018 "Top Company Cultures" list presented by Entrepreneur and Energage IT News Online 18, 2018 /PRNewswire/ -- ACV Auctions Inc., the leading dealer-to-dealer, online wholesale auction platform, was recently ranked on Entrepreneur magazine's Top Company Cultures list, a comprehensive ranking of U.S.-based businesses exhibiting ... |
ACV Auctions ranked in top 20 on 2018 "Top Company Cultures" list presented by Entrepreneur and Energage Markets Insider BUFFALO, N.Y. , Sept. 18, 2018 /PRNewswire/ -- ACV Auctions Inc., the leading dealer-to-dealer, online wholesale auction platform, was recently ranked on Entrepreneur magazine's Top Company Cultures list, a comprehensive ranking of U.S.-based ... |
ACV Auctions ranked in top 20 on 2018 "Top Company Cultures" list presented by Entrepreneur and Energage Benzinga 18, 2018 /PRNewswire/ -- ACV Auctions Inc., the leading dealer-to-dealer, online wholesale auction platform, was recently ranked on Entrepreneur magazine's Top Company Cultures list, a comprehensive ranking of U.S.-based businesses exhibiting ... |
Charleston Gazette-Mail | Fayette County's historic Whipple Company Store up for sale Charleston Gazette-Mail The 118-year-old octagonal wood building is being sold through a sealed bid auction handled by Entrusted Auctions of Beckley in conjunction with Vision Quest Realty of Lewisburg. Bids will be opened Oct. 18 at the historic company store, located ... |
Wine Enthusiast Magazine | How to Buy and Sell Rare Wine at Auction Wine Enthusiast Magazine Online auctions are more frequent and good options for collectors who want to buy and sell in a shorter time frame. Zachys holds monthly auctions in addition to its eight live auctions throughout the year. Others even offer weekly online auctions. |
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