News tagged with auctions
Auction
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.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
Time pressure enhances thrill of auctions, Internet auctions use this effect
Shopping is more than the rational exchange of goods against money. Emotions, however, do not only play a role when buying a red sports car or the fiftieth pair of shoes. At the stock exchange or during auctions, bidders ...
Psychology & Psychiatry
Jan 03, 2013 |
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A new diagnosis for Frida Kahlo's infertility
Frida Kahlo's many haunting self-portraits have been studied by experts for decades, have attracted worldwide attention and have sold for millions of dollars at auction. Yet, despite the fact that Kahlo's work focuses largely ...
Obstetrics & gynaecology
Apr 23, 2012 |
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