Gourt > Business > Agriculture and Forestry > Equipment and Supplies > Auctions
An auction is the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price. Auctions can be with reserve or minimum, or without minimums, or absolute or no reserve. In reserve auctions, there is a minimum bid or reserve price; if the bidding does not reach the minimum, there is no sale (but the person who puts the item up for auction may still owe a fee to the auctioneer or auction company). In absolute or no reserve auctions, the sale is guaranteed, with only the price left to be determined. In the context of auctions, a bid is an offered price.
Auctions are publicly seen in several contexts and almost anything can be sold at auction. Some typical auction arenas include the following:
- the antique business, where besides being an opportunity for trade they also serve as social occasions and entertainment
- in the sale of collectibles such as stamps, coins, classic cars (by Kruse International for example), fine art, and luxury real estate
- in the sale of all types of real property including residential and commercial real estate, farms, vacant lots and land
- for the sale of second-hand goods of all kinds, particularly house clearances and online auctions
- in commodities auctions, like the fish wholesale auctions
- in thoroughbred horseracing, where yearling horses are commonly auctioned off; and
- in legal contexts where forced auctions occur, as when one's farm or house is sold at auction on the courthouse steps.
Although less publicly visible, the most economically important auctions are the commodities auctions in which the bidders are businesses even up to corporation level. Examples of this type of auction include:
- sales of businesses
- spectrum auctions, in which companies purchase licenses to use portions of the electromagnetic spectrum for communications (for cell phone networks, for example)
- timber auctions, in which companies purchase licenses to log on government land
- electricity auctions, in which large-scale generators and consumers of electricity bid on generating contracts
- environmental auctions, in which companies bid for licenses to avoid being required to decrease their environmental impact
- debt auctions, in which governments sell debt instruments, such as bonds, to investors. The auction is usually sealed and the uniform price paid by the investors is typically the best non-winning bid. In most cases, investors can also place so called non-competitive bids which indicates an interest to purchase the debt instrument at the resulting price, whatever it may be.
Published a new post: Latest music players Auctions http://ping.fm/92Idv
berry2008 (berry2008) Wed, 04 Nov 2009 19:05:46 -0000
Published a new post: Latest music players Auctions http://ping.fm/92Idv
Steps To Bear In Mind Before Foreclosure Auctions | International ... http://tinyurl.com/yhnfjnz
AlvarezAuctions (Derek Alvarez) Wed, 04 Nov 2009 19:03:18 -0000
Steps To Bear In Mind Before Foreclosure Auctions | International ... http://tinyurl.com/yhnfjnz
An employee has been artificially raising the price on 5% of all www.snapnames.com auctions since 2005. Epic fail. http://bit.ly/EhD6f
3stripe (James Greig) Wed, 04 Nov 2009 19:02:33 -0000
An employee has been artificially raising the price on 5% of all www.snapnames.com auctions since 2005. Epic fail. http://bit.ly/EhD6f
ueeibuy auctions BRD 1997 - Spaà nach Noten - Helga Harfe + BPZ - 0,16 EUR: BRD 1997 - Spaà .. http://bit.ly/22QCJF
ueeibuy (Ronald Hagenbusch) Wed, 04 Nov 2009 18:59:18 -0000
ueeibuy auctions BRD 1997 - Spaß nach Noten - Helga Harfe + BPZ - 0,16 EUR: BRD 1997 - Spaß .. http://bit.ly/22QCJF
ueeibuy auctions BRD 1996 - Tierfreundschaften - Hund mit Katzenbaby + BPZ - 0,42 EUR: BRD 1.. http://bit.ly/kYfVT
ueeibuy (Ronald Hagenbusch) Wed, 04 Nov 2009 18:59:16 -0000
ueeibuy auctions BRD 1996 - Tierfreundschaften - Hund mit Katzenbaby + BPZ - 0,42 EUR: BRD 1.. http://bit.ly/kYfVT
SnapNames admits employee found bidding up the price of domain auctions - http://noahcoffey.com/pk
noahwesley (Noah Coffey) Wed, 04 Nov 2009 18:59:16 -0000
SnapNames admits employee found bidding up the price of domain auctions - http://noahcoffey.com/pk
Real Estate, Inc. - Conducting auctions of all types.
Brinkley Auctions Inc. - Tractor and farm machinery auction and salvage in Idabel, Oklahoma.
Burton Auction Co. - Farm and construction equipment auctions and real estate auctions.
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Deanco Auction Sales - Offices in Philadelphia, Mississippi and Dothan, Alabama. Farm equipment, auto, and real estate auctions. Includes calendar and contact information.
DeMott Auction Company - Located in Moultrie, Georgia. Farm, citrus, and construction equipment. Includes upcoming auctions and bid forms.
Duarte Sales - Northern California equipment sales, auction preparation, promotion, management, set-up and settlement.
Ed Williams Inc. Auctioneers - Farm, machinery, and estate auctions in the Pacific Northwest. Includes calendar and services.
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EquipmentBarn.com - Auction listings for used farm equipment sales.
Meta Description: [ EquipmentBarn lists Farm Equipment and Farm Equipment Related Auctions as well as hosting
free online classified classifieds for selling your equipment. The notification system allow you to enter critera for
auctions or equipment including keyword search and EquipmentBarn will notify you ... ]
Farm Auction Guide.Com - Searchable agriculture auction sale bill listings from across North America. Farmers can browse for everything from John Deere tractors, to antique equipment, to all types of farm machinery.
Meta Description: [ Online Searchable Database of Auctioneer sale bills from Manitoba, Saskatchewan, Ontario, Alberta, Minnesota, North Dakota, Arkansas, Indiana, Illinois, Iowa, Kansas, South Dakota, Wisconsin, and many more states. Look for farm machinery auctions, online farm equipment, tractor, potato diggers, ... ]
Farmbids - Buy and sell online. Works like E Bay but for the farming industry.
Meta Description: [ The first internet search engine for domain offers, which are for sale. We have over 3.000.000 domains in our database. If you have domains/URLs to offer, place your free ad here! ]
Gehling Auction - Located in Preston, Minnesota. Includes upcoming auctions and contact information.
Harley Gerdes Equipment and Auctions - Buy, sell, and, trade farm equipment daily through out the Midwest. Conduct auctions on and off site. Lyndon, Kansas. Includes services and calendar.
Meta Description: [ Kansas and Midwest Farm Machinery and Equipment Auctions, Appraisals,
Auctioneer, Harley Gerdes Auctions, Lyndon, KS. ]
Heaverlo Auctions - Heaverlo Auctions maintain a large selection of commercial industrial equipment and vehicles
Meta Description: [ Heaverlo Auctions maintain a large selection of commercial & industrial equipment and vehicles, as well as, farm inplements and machinery. Customers may make purchases daily at our retail yard or at the many auctions held throughout the year. ]
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Midwest Farm and Estate Auction Calendar - Calendar for auctions being held in Southeast Nebraska, Northern Kansas, Southwest Iowa, and Northwestern Missouri.
RJO Auction Company - Located in Carrollton, Georgia. antique tractor and equipment auctions three times a year. Includes products and dates.
Ruhter Auction and Realty Inc. - The Auction standard since 1967.
The FACTS Report - Lists dealer equipment and searchable auction locator.
Meta Description: [ The F.A.C.T's Report is an on-line guide to used farm machinery values based on actual sale results of all types of equipment sold at auction throughout much of the U.S. Also maintains searchable database of all types of equipment available on upcoming auctions, as well for sale privately and by ... ]
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