| ext"> | | | | the descending, instantaneous and handshake forms |
| Youâve read about them, youâve | | | | of bidding. |
| heard about them, youâve probably | | | | An auction, in general terms, is the method of allocating |
| participated in one. But what correctly are auctions? | | | | scarce goods. It is a unique selling method that is |
| Isnât it just the simple method of selling an | | | | based on competition. Truly, the objectives are simple: |
| object to interested people who bid until the highest | | | | the seller wants to obtain the most money for his item |
| bidder gets it? | | | | while the buyers want to purchase it at their own |
| That is definitely the scenario in most auctions. But | | | | beloved prices. Everything can be sold in auctions |
| auctions are actually more complex than people | | | | â from singular items like paintings to multiple |
| realize. Do you know that not all auctions have climbing | | | | units of a homogenous item such as treasury |
| price schemes? While the ascending bid is the most | | | | securities. |
| popular auction format, other formats exist such as | | | | |