What is a living auction?
Live auction is the method of selling goods where applicants come to the auction house or other specified place. The goods are described and listed and will request offers or offers for each item. The highest candidate wins the auction.
Live auctions can be used for sale a wide range of goods. The auctions of the farm and livestock are common in which animals of different types and properties are auctioned to the highest candidate. Auctions and auctions of real estate are also common auctions, because these items are specialized items and sometimes it is difficult to evaluate and live auctions can be an excellent way to attract candidates.
Many other goods and items are also sold in a live auction. For example, when a home goes to the closure of the market, it can be sold in auction. Other common examples of auctions are bankruptcy auctions, property auctions and police auction.
In a living auction, goods are often organized in the number of batches. Each batch can contain one item - for example one house, one car, one cow or one artificialPiece. Lands can also contain more items such as auction for 20 office chairs or for 20 pigs. People participating in live auctions often have a catalog containing a list and explanation of a lot of a batch sold in auction. This catalog may include descriptions of the items sold, such as the list of items, its status, or even an estimated value for the item.
The menu then starts with the items. The auctioneer will call each batch number one by one. Applicants often have a paddle that can withstand their interest in the offer. The auctioneer usually triggers the item at the lowest offer and then customers will increase their paddles to offer an item.
For example, if an artist sells a work of art and wants to get at least $ 100 (USD) for the item, the auctioneer Willzačnu offer for $ 100. If no one offers $ 100 or more, the item will not be sold. If a person offers $ 100, the menus will start on the item.
The auctioneer announces the current highest offer and gives other applicants a change to ZVShe thought the price as high as they were willing to pay. This offer can continue until no one wants to offer higher than the current highest offer. The item is then sold to applicants with the current highest offer.