Gourt > Business > Arts and Entertainment > Tools and Equipment > Auctions, Brokerages and Classifieds > Film and Video
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.
Tools and Equipment :: Media Production
@nova937music Good to hear. Can I come? :P I'll even film and make the video package for you haha.
bennymitch (Ben Mitchell) Thu, 05 Nov 2009 08:57:34 -0000
@nova937music Good to hear. Can I come? :P I'll even film and make the video package for you haha.
Just say the clip from "Kings and Queens" short video I participated in! It is very exciting, and I can't wait to see the whole film.
kfinch1 (Kimberly Sousa-Finch) Thu, 05 Nov 2009 07:58:15 -0000
Just say the clip from "Kings and Queens" short video I participated in! It is very exciting, and I can't wait to see the whole film.
RT @WiderScreenings: The Web's Labyrinth of Film: with reviews, interviews, embedded video and now e-book and print affiliation
MonicaSMartinez (Monica S Martinez) Thu, 05 Nov 2009 07:23:07 -0000
RT @WiderScreenings: The Web's Labyrinth of Film: with reviews, interviews, embedded video and now e-book and print affiliation
I want Matt and Kim to make an action film video.
ChristiannaInLA (C.M. Reinhardt) Thu, 05 Nov 2009 07:19:29 -0000
I want Matt and Kim to make an action film video.
@obstacle_one well, i think the idea was film us filming a music video in different places around the city :) and sure :)
millielovesyou (Millie Love) Thu, 05 Nov 2009 06:36:22 -0000
@obstacle_one well, i think the idea was film us filming a music video in different places around the city :) and sure :)
Linda Chung's new song "Thinking of you day and night" has good reviews but the music video is similar(copied)the 2003 film "Love Actually"
TVBNewsWorld (AsianEntertainment) Thu, 05 Nov 2009 04:54:40 -0000
Linda Chung's new song "Thinking of you day and night" has good reviews but the music video is similar(copied)the 2003 film "Love Actually"
Discovery Resources - Broadcast, professional, and industrial equipment brokers.
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Maze Corporation - Resellers of used and pre-owned television broadcast and professional video production equipment. Piecemeal or complete factory liquidations, brokering and cash buyouts.
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New Pro Video Systems Inc. - Locates, buys and sells pre-owned broadcast and pro video gear world-wide. View site in English or Spanish.
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Pro Video and Film Equipment Company, Inc. - Pre-owned motion picture, video, lighting, audio, grip, and specialty production equipment.
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The Greene Sheet, Inc. - A used video equipment brokerage for professional and broadcast video, film, audio and multimedia equipment.
The Hi-Tech Trading Company, Inc. - Established in 1982, a full service equipment brokerage firm that buys, sells, and trades new and used broadcast and industrial equipment to the video production industry.
Meta Description: [ videoequipment.com is Hi-Tech Enterprises Inc Professional broadcast Video Equipment and we specialize in buying and selling new and used broadcast industrial professional video equipment. We have the right tools for your video productions. We also build custom non-linear video editing computers ... ]
UsedTvGear.com - Used television, video and audio equipment.
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Visual Systems - New and used video and film equipment sales. Telecines, VTRs, switchers, nonlinear, effects, and film gear.
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