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
The TV Watch: Fancy-Schmancy Kids, Now Much Schmancier
Thu, 04 Sep 2008 05:51:47 -0000
The new incarnation of “Beverly Hills 90210” debuted on Tuesday, and as with other popular teen dramas, the conceit isn’t fish out of water so much as fish moving into an even bigger swimming pool.
Arts, Briefly: 90210 Surges Back
Thu, 04 Sep 2008 02:31:42 -0000
“90210,” the reincarnated version of the 1990s series “Beverly Hills 90210,” made an impressive debut in the ratings on Tuesday night.
Letterman Baffled by NBC’s Replacing of Leno
Wed, 03 Sep 2008 03:39:01 -0000
David Letterman, the CBS host who has competed with Jay Leno every weeknight for 15 years, now feels empathy for his late-night challenger.
L.A. Times - Movie News
Oscar gets his first sip of 'Milk'
Thu, 04 Sep 2008 08:24:38 -0700
"Milk" may be more to the (usually liberal) academy's taste because it's fiercely political and stars macho str8 past Oscar champ Sean Penn.
Toronto's fest gives power to the people
Thu, 04 Sep 2008 00:00:00 -0700
The festival "has more populist, less navel-gazing indie films," WHAT'S THE surest sign that a movie is going to tank at the box office?
Scene Stealer: 'Traitor'
Wed, 03 Sep 2008 17:49:03 -0700
Don Cheadle shoots a multilingual war of words.
Billboard News - All
New Nickelback Album Due In November
Nickelback's next studio album will arrive Nov. 18 via Roadrunner, just in time for the holiday retail season. First single "If Today Was Your Last Day" will hit U.S. radio outlets Sept. 30.
T.I.'s 'Like' Still Tops On Hot 100
A week after setting a new record with 71-1 jump, T.I.'s "Whatever You Like" remains No. 1 on the Billboard Hot 100 thanks to download sales of more than 176,000 units, according to Nielsen SoundScan.
Simmons To Keynote Billboard Touring Conference
Kiss co-founder, reality TV star and entrepreneur Gene Simmons will be the Keynote Q&A for the 5th Annual Billboard Touring Conference, set for Nov. 19-20 at the Roosevelt Hotel in New York.
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.
Meta Description: [ Liquidating & re-marketing used & pre-owned, broadcast & professional, video &
television production equipment for over 32 years. Video asset liquidation. CLICK HERE ]
New Pro Video Systems Inc. - Locates, buys and sells pre-owned broadcast and pro video gear world-wide. View site in English or Spanish.
Meta Description: [ New Pro Video, a broadcast and production equipment sales company, specializes in buying and selling new and used professional equipment for video and television production. ]
Pro Video and Film Equipment Company, Inc. - Pre-owned motion picture, video, lighting, audio, grip, and specialty production equipment.
Meta Description: [ We sell and lease used professional video and film equipment ]
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.
Meta Description: [ Used video equipment and used film equipment sales-a World Leader:best source for telecines, VTRs, switchers, nonlinear, effects, film gear. ]
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