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
Television Review: A New Detective in the Drawing Room
By MIKE HALE Fri, 03 Jul 2009 03:19:21 -0000
Julia McKenzie will have some convincing to do in the new season of “Miss Marple,” which begins on Sunday on PBS’s “Masterpiece Mystery!”
Arts, Briefly: ‘Mentalist’ Wins for CBS
By BENJAMIN TOFF; Compiled by BEN SISARIO Sat, 04 Jul 2009 05:49:43 -0000
A rerun of “The Mentalist” at 10 p.m. delivered CBS the largest audience in prime time on Thursday as 9.7 million viewers tuned in to the crime show.
Arts, Briefly: Leno Wins Web Ruling
Compiled by BEN SISARIO Sat, 04 Jul 2009 05:50:09 -0000
Jay Leno has won a cybersquatting case against a Texas real estate agent who was found to have misused the domain name thejaylenoshow.com to direct people to his own Web site.
L.A. Times - Movie News
'Harry Potter': Dan Radcliffe talks about life at Hogwarts
Fri, 03 Jul 2009 18:07:48 -0700
An exclusive interview with the world s richest working teen.
At Outfest, redefining gay film
Sun, 05 Jul 2009 00:00:00 -0700
This year's festival includes movies by LBGT filmmakers who are broadening the milieu of their stories. In "La Mission," screening Thursday as the opening night film of Outfest, Benjamin Bratt plays a tough San Francisco ex-con grappling with acceptance of his gay son. Written and directed by the star's brother, Peter Bratt, the film had its premiere this year at the Sundance Film Festival and is indicative of a growing shift at Outfest away from pro forma coming-out stories and toward programming that locates gay themes and issues within a broader social landscape.
Can 'Half-Blood Prince' break Oscars curse?
Fri, 03 Jul 2009 11:00:47 -0700
Somehow, "Potter" just can't enchant Oscar voters.
Billboard.com
Exclusive: How Michael Jackson's 'Thriller' Changed The Music Business
Gail Mitchell and Melinda Newman, L.A. Fri, 03 Jul 2009 01:12:00 -0000
In the early '80s, Michael Jackson boosted the music industry and set a new benchmark for blockbusters.
Michael Jackson On Track For More Billboard Charts Records
Keith Caulfield, L.A. Fri, 03 Jul 2009 12:12:00 -0000
After his record-breaking chart week, the late Michael Jackson will continue to shake up the charts next week, too.
Michael Jackson and MTV: M Once Stood For Michael
Ayala Ben-Yehuda, L.A. Fri, 03 Jul 2009 11:44:00 -0000
Video thrilled the radio star: Michael Jackson made MTV and convinced everyone to buy a VCR.
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.
Meta Description: [ Free Domain Forwarding! Free Change of Ownership! Free Parked page w/ domain! Free Domain Name Locking! We also offer many more options, just visit credoNIC.com for more information. ]
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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