What Are Bid Auctions?

Auction auction refers to the application made by the seller and the dealer to the trading market, submitting the detailed information of the products to be sold to the trading market, and determining the specific time for the auction of the product. However, after no one continues to increase the price, the auction of the product ends and the transaction is concluded at the highest purchase price. The two parties sign a sales contract through the trading market and perform physical delivery.

Auction

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Auction auction refers to the application made by the seller and the dealer to the trading market, submitting the detailed information of the products to be sold to the trading market, and determining the specific time for the auction of the product. However, after no one continues to increase the price, the auction of the product ends and the transaction is concluded at the highest purchase price. The two parties sign a sales contract through the trading market and perform physical delivery.

Engage as many global interested parties as possible

Bidding auctions provide a fair and just competition platform, allowing different buyers to compete for high prices around the same item or property right to find their true price and scarcity in the auction, avoiding the subjective arbitrariness of the transaction, and more directly reflecting Market demand finally realizes the maximum value of the product.