What is an auction ?

What is an auction ?

sometimes rare items, art and collectables (such as coins, badges or stamps) can be obtained not only in antique or art shops, but also at auctions.

word "auction" is of Latin origin and is derived from a word that literally means "increase".

What is the auction: the definition

Auction - a public sale of things, the acquisition of which goes to the one who will be able to pay for their higher price.In addition to antiques, it can also be products of special properties and qualities.For example, it is vegetables and fruits, furs and fur products.Horses can also be presented at auction.Also, there are auctions of used cars.This is not the whole list of goods that can be sold at auction.But driving it on auctions, do not forget the immaterial sphere, which can be represented by different kinds of assets.For example, it can be stocks, bonds, etc.

Sense auction

The main essence of the auction is in the convenience of their conduct and for buyers and sellers.It is expressed in the fact that there is no need to search for active trading participants - buyers and sellers.At the auction here and now on-line forms the price of and demand for a particular product.And the price, as a rule, turns out to be the best.

rules of the auction

Auction, as noted, is the place where trades are made.Thus, the auction is a tool for making a deal.And this procedure should be clearly described and organized according to certain rules.These rules fix the order of the auction (its stages) and behaviors at each stage.The standard classification stages are 4 steps of any of the auction: the preparation, inspection of goods, the auction auction, the auction transaction execution.A special place in the whole procedure takes third stage - directly to bargaining, where by increasing the price auctioneers achieve sales of goods.

Types of auctions

There are many reasons for the separation of all auctions for the band.Thus, one can distinguish types of auctions only represented on these products.But the classification uses the broader categories, such as industry.And in this case we speak about the auction industry, among which are the following: currency, timber, gold, deposit and others.All types of auctions can be divided into the following types:

  1. At the initiative - mandatory and voluntary.Forced auctions occur most often when removing valuables from the owner, and voluntary - at personal desire.
  2. number of participants - open and closed.Whether open or closed auction is due to the fact of the presence of the auction everyone or conditionally limited number of persons.

You may also be useful article Where to sell coins.