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An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange. There are several variations on the basic auction form, including time limits, minimum or maximum limits on bid prices, and special rules for determining the winning bidder(s) and sale price(s). Participants in an auction may or may not know the identities or actions of other participants. Depending on the auction, bidders may participate in person or remotely through a variety of means, including telephone and the internet. The seller usually pays a commission to the auctioneer or auction company based on a percentage of the final sale price. From Wikipedia under the
GNU Free Documentation License  images.doityourself.com 200px x 240px | 36.40kB [source page] Next By Chuck DeLaney Auctions Part 1 Part 2 Part 3  get-paid-at-home.com 112px x 170px | 2.90kB [source page] Worldwide online Auctions Many people have written books and developed method for making large profits through eBay online auctions We have filtered and chosen four of the best online auction systems From Yahoo Image Search: "Auctions"  stratafx.com Asri Wed, 29 Jul 2009 22:05:20 GM The US Treasury sold billion in five-year debt Wednesday but the . auction. drew poor demand, raising worries over the cost of financing the government's budget deficit. New Test for the Market · Complete Bond Coverage ...  car-crazy.us Cars Mon, 27 Jul 2009 06:37:15 GM Women usually don't like to go to live car . auction. prices because they feel uncomfortable there. Some seller still live in medieval times, and think that ...  onlineauctionsnew.blogspot.com pungkav aupanichit Sun, 12 Jul 2009 13:43:00 GM 14% of all transactions on the Internet are . auction. house eBay. 45000 people buying products through eBay every day, and growth isteBay and develops in neufOS markets. Sehr EBay offers a lot of opportunity for all people, ... From Google Blog Search: "Auctions"  news.google.com Wall Street Journal The Federal Reserve didn't buy bills for its own account in Monday's three- and six-month bill auctions . When the auction was announced, the Fed held $3.78 ... and more » news.google.com Reuters [ID:nWEQ001238] The auctions will raise about $93 billion in new money for the government, which has been expected to sell $2 trillion in new debt this ... Treasurys little changed ahead of auctions The Associated Press Treasurys head for a 2nd down week CNNMoney.com US 10-Year Note Falls Most in 7 Weeks as Record Supply Looms Bloomberg Wall Street Journal - Wall Street Journal - Bloomberg all 174 news articles » news.google.com MarketWatch The most important auction Monday will be of $6 billion in 20-year inflation indexed securities, with bids due at 1 pm Eastern time. ... Real US Treasury Yields Highest In History The Market Oracle Nearly $70 billion in bills, TIPS sold; inflation-protected demand ... MarketWatch (press release) all 12 news articles » From Google News Search: "Auctions" How should I deal with a broker who sells cars bought from auctions? Q. A close friend of mine said he would like to introduce me to a local garage that sells cars bought from auctions. (I suppose the correct term to use is "a broker"). Apparently, cars sold this way can be reasonably cheap, and the broker in question also owns a garage that can repair the cars when necessary. As this is a close friend, I don't want to refuse, saying I'll meet the broker, although I don't really know how honest the broker is. Do you have any advice? Asked by lankhai2006 - Mon Mar 16 12:51:13 2009 - - 6 Answers - 0 Comments A. Buy an extended warranty from a third party and consider that part of the purchase price. If the two add up to more than you are willing to spend, then it is not a good deal. Insist on a carfax report that shows all inscurance claims made for the VIN of the vehicle. Cars bought at auction could have serious frame damage, water or smoke damage too. Great that the guy can fix the cars, but unless you get something in writing that says he will do it for free it doesn't mean a thing. EDIT: He is a middle man, you can pay a small fee and buy a car at an auction and eliminate the middle man mark up if you want to do your homework. Either way inquire about an extended warranty first and call that part of the 'price'. Answered by matman - Mon Mar 16 12:54:30 2009 How much do cars really sell for at police auctions? Q. I'm looking to buy an suv in decent shape that's a max of 5 to 6 years old. How much can I reallistically expect to pay for it at auction? And if someone knows a site where I can look up police auctions in the Durham NC area, that would be helpful also. I'm looking for a ballpark estimate, not an exact price. Also, I'm an over the road trucker driver and don't get home except a few days a month so going to the police station to ask is not really an option. Asked by Troll Terminator - Thu Jan 31 19:14:51 2008 - - 2 Answers - 0 Comments A. As already stated, there is no "average" price for vehicles sold at police and government auctions. However, prices are usually lower than you would find at dealers or even from individuals because of the higher risk assumed by buyers -- because the cars can't be driven (they can be started). The following article has some more details: . Answered by CarMan - Thu Jan 31 19:42:23 2008 How do I find out the time schedule for police auctions in the state of Oregon?
Q. I am trying to find a schedule of dates and times for the police auctions (seized, foreclosed items, etc.) Many sites tell me I can pay for this information, but there must be some free public listing since it's through a government agencyt. Can anyone help? Asked by anon - Sun Jun 18 19:52:36 2006 - - 1 Answers - 0 Comments A. I went to a police auction last Friday Night. It was published in the local newspaper. I purchased a confiscated clothes washing machine and an electric clothes drier in nearly new shape for $150.00. Try calling the local police stations and asking where and when they are going to be held. The police want to make money on their confiscated items so they should be willing to tell everybody where they are being held. Good Luck from a Lucky Buyer. Answered by fastsaf - Sun Jun 18 22:17:20 2006 From Yahoo Answer Search: "Auctions" See also:
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Ruhter Auction and Realty Inc.