"The essence of all art is to have pleasure in giving pleasure."Dale Carnegie
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8 Imaging mistakes to avoid when uploading your Ebay auction photo
It is no secret that having professional looking photos that are upscale in quality will help create more Ebay auction sales and attract higher bid buyers. Each and every product that you sell on Ebay, even it you are promoting a service, should have a ...
Ever Hear of US Gov't GSA Public Auto Auctions??
Although you may not have heard of this type of auction before, GSA auctions have been around for a while and are a good place to get a great deal on a vehicle. GSA stands for General Service Administration. It is an agency in the US government that, ...
Protect Your Auction Business
One thing about eBay that a lot of people don't know is that you can have multiple user id's. Which means you can have more than 1 eBay account. Here is why I feel it's important to have more than one user id. When you're selling on eBay with a certain ...
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An auction is basically a public sale wherein any object is sold to the highest bidder. It can be defined as a process of purchasing and selling things by offering them up for bid, taking bids and selling the things out to the highest bidder. This is what is generally the case. However, a sale to the lowest bidder may also take place, in cases where land is
sold for non-payment of taxes to anyone willing to take it
for the shortest term; or where a contract is offered to an individual or party willing to take it for the shortest term; or where a contract is offered to an individual or party
willing to perform it at the lowest price. Such cases too seem to fairly come under the purview of the term 'auction'.
In case of auction the seller presents the products on a public platform. The selling price of the products are
determined by the bids or offers of buyers interested in buying them based on their individual estimation of value of and need of the products. The person offering the highest bid at closing of auction receives the right to purchase the products at the bid price. The winner of the bid is normally legally bound to buy the item auctioned. In recent times auctions have been conducted online.
The benefits of auction are many. Some of the significant advantages are:
a) The auctioned item fetches the highest price in the given situation. Thus, in a way there is the maximization or optimization of profit.
b) At an auction the goods are almost certainly disposed off after bidding by their sale to the highest bidder. Hence,
this serves as the right podium for disposing or selling out of accumulated goods. Otherwise, business could have become stagnant due to the stocking of these goods. Certain items could also have perished (in case of perishable goods) or expired if not sold out in time.
c) In case of auctioning a variety of articles may come up for sale, which may not be otherwise available in the market. The buyer can get quite surprised by looking at a treasure trove
of antique articles available at an auction.
d) An auction can also be considered as a method for estimating the value of certain commodities which have hitherto
undetermined or variable prices.
About the Author
Author bio:
Author: S.M
http://www.autocastle.com/>http://www.autocastle.com/
http://www.autocastle.com/dealers.asp>http://www.autocastle.com/dealers.asp
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US company auctions 300000 UN carbon creditsReuters - 3 hours agoNEW YORK, Nov 20 (Reuters) - US-based online exchange World Energy Solutions Inc said on Thursday it has completed an auction for carbon credits that can be ... |
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Is the sky falling on auto auctions?Canada.com, Canada - Nov 19, 2008A 1938 Bugatti Atalante was up for auction in London last month. Mind you, the cars that have been demanding and receiving huge money at auction have to be ... |
Auction Fever Hits the San Diego AreaFOXBusiness - 20 hours agoResponding to the new normal in the market, the owner is using Kennedy Wilson's Auction Marketing Process to sell available inventory more rapidly in ... |
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