Concept in Definition ABC

Sell ​​the material goods to the highest bidder

The auction is a form of sale to the public that is characterized by selling the material goods in question to the highest bidder, it is that is, to the one who pays the best for them without establishing a specific exchange value but will be sold to the one who pays the best for those goods.

Now, it may happen that the owner of the good decides to place a base price on the goods, that is, below that floor value he will not sell the product but will do so at a higher value.

Offers accepted

Whether with a base price or not, the auction begins with the offer of the good in question and the person in charge of lead the auction, the auctioneer, will encourage the public to bid for him. Normally in your exposition Provide product details to make it more attractive to auction participants.

When the bids come to an end, the auctioneer closes the bid and can continue with the auction of another good. A feature A hallmark of auctions is that the auctioneer uses a small hammer that strikes the lectern each time he accepts a

offer. This is why auctions are usually symbolized with hammers.

The auction, generally, takes place in spaces designated for this purpose, and that are popularly known as auctions.

The auctions moved to the web also with great success

In the last decades and as a consequence of the advance of the technology In almost all aspects of life, auctions also moved to the web and then there are many pages selling items that offer the auction mode and that work as if it were being bid at an auction although in reality it is being done from the computer.

For example, if I bid such a sum for a Article and no one else bids or subsequent bids do not exceed my sum, I will win the auction, otherwise, if there is a higher bid, these auction pages have alerts, usually via email, which alert the Username that have exceeded your bid, in case you want to continue bidding.

Usually, web auctions last one week and in that period it will be open to users who want to bid.

Auction Topics