What is a auction sale?
An auction is a sale in which buyers compete for an asset by placing bids. Auctions are conducted both live and online. In a closed auction, for example, the sale of a company, bidders are not aware of competing bids. In an open auction, such as a livestock auction, bidders are aware of the other bids.
Who is seller in auction sale?
The price they are offering for the goods is the bid. And the goods will be sold to the bidder with the highest bid. The person carrying out the auction sale is the auctioneer. He is the agent of the seller.
Can I make money from auctions?
If you’re looking to make some extra money, or start your own business buying and selling, online auctions are a great avenue for you to take and there are plenty of savvy sellers out there who’ve found they can turn a pretty profit via these marketplaces.
How can you tell a fake bidder?
One of the best ways to identify a dummy bidder is to watch the agent’s behaviour 20 minutes before the auction. The agent will consult the owner, the owner’s friend’s and the dummy bidder. The dummy bidder will often come up to the auctioneer and seek instructions.
How do you sell a house at auction?
Homes continue to be in hot demand on the Border as auctions ramp into gear for the new year. A Lamport Crescent home in West Albury was one of several properties to sell under the hammer on Saturday, reaching $955,000 after an opening bid of $800,000.
How to sell a home at auction?
Your buyers are pre-selected,pre-qualified and ready to buy.
What are the best auction houses?
Green’s Restaurant and Oyster Bar,in London’s St James,was owned and run by Simon Parker Bowles
How to find real estate auctions?
Make a deposit to show you are serious. Many auctions will require that you deposit a few thousand dollars to show that you are a serious bidder.