Nounauction (plural auctions)
SynonymsDerived terms
Verbto auction (third-person singular simple present auctions, present participle auctioning, simple past and past participle auctioned)
Derived termsFrom Wiktionary under the GNU Free Documentation License. An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange. There are several variations on the basic auction form, including time limits, minimum or maximum limits on bid prices, and special rules for determining the winning bidder(s) and sale price(s). Participants in an auction may or may not know the identities or actions of other participants. Depending on the auction, bidders may participate in person or remotely through a variety of means, including telephone and the internet. The seller usually pays a commission to the auctioneer or auction company based on a percentage of the final sale price. From Wikipedia under the
GNU Free Documentation License government auction on real property-has anyone ever bid on the houses that the US govt puts up for auction? Q. I saw a house near by that will be auctioned-it will have 2 previews on Sundays before the sale- what is the actual process? Will there be a minimum starting amount? Can we prebid before the auction or is it possible that it might be sold by another means other than the auction? What has been your experience? Asked by sheryl a - Sat Jul 5 12:00:29 2008 - - 1 Answers - 0 Comments A. If it is a sale to satisfy a tax lien, the official sale notice will include a list of encumbrances on the property. There will be a minimum bid. The property can be sold by sealed bids or auction at the discretion of the person conducting the sale. The taxpayer will be allowed to redeem (buy back) the property for 180 days by paying the buyer the amount paid plus interest at 20% per year. IRS also sells property that it redeems from forclosure or is being sold because of a court order. The rules are somewhat different for those sales. Answered by wartz - Sat Jul 5 12:18:49 2008 Antique auction house has not pay the sale proceeds of my furniture? Q. Last summer I sold many antique furniture through an auction house in London, but I have not yet received a payment of the sale proceeds despite my repeated letters and telephone calls. Where should I go now? I am living abroad and the auction house might be taking advantage of it. Asked by truthofmatter - Sun May 11 22:51:29 2008 - - 1 Answers - 0 Comments A. You'll want to contact someone in the London government. Call a police station or two there and ask what they recommend. Answered by thesunwasshiningonthesea - Thu May 15 13:19:29 2008 What can attorney due to delay auction of home?
Q. Someone please help, I'm going crazy. We live in a non judicial state. Auction to sell our house is set for 12-4-09. We are unemployed at the present time and will not be able to keep our house and have accepted that. But since the auction is in December and we really have no place to go until January, is there anything an attorney can do to delay the auction for a month or two. Please I am asking for serious answers only. This is hard enough to loose our home after trying desperately to save our house. Asked by MKD - Tue Oct 27 23:02:51 2009 - - 2 Answers - 0 Comments A. Since you currently have no way of paying the mortgage because of lack of income you are out of luck unless you can show a your lender that you have even the slightest chance of making the loan good. Declaring bankruptcy would delay the foreclosure a couple of months, but that will cost your at least $2500 in attorney and legal fees. Sorry to say this but your situation is hopeless unless you can provide the lender a reasonable expectation that you will be able to resume payments, even modified payments, in the near future. Answered by Glenn S - Tue Oct 27 23:37:48 2009 From Yahoo Answer Search: "auction" From Wikiquote under the GNU Free Documentation License.  imarketnews.com Tue, 07 Sep 2010 08:02:28 GMT+00:00 IMarketnews.com Bids will be due by 1000 GMT (0600 EDT) on Wednesday, with results of the auction announced shortly thereafter. The auction will settle on September 10. ...  bbc.co.uk Mon, 06 Sep 2010 13:18:38 GMT+00:00 BBC News Sir Peter Viggers, who retired after it was revealed he had claimed 1645 for the item, has given the proceeds of an auction to Macmillan Cancer Support. ... Duck house, symbol of UK expenses scandal, sold Reuters Leading article: Fair and fowl Independent Ex-MP sells duck house for charity The Press Association  stltoday.com Tue, 07 Sep 2010 05:11:57 GMT+00:00 St. Louis Post-Dispatch Look only at the South hand and decide what you would bid after the following auction : The auction started this way at both tables. ... From Google News Search: "auction"  mvtelegraph.com 337px x 455px | 47.70kB [source page] he can remember If you buy it for $3 you can sell it for $15 just like Wal Mart Vigil said at last Saturday s consignment auction organized by Bill Johnston Auctioneers in Moriarty Vigil sees many of the same faces at the auctions he attends He met Clint Walker in 1989 Walker was one of last Saturday s auctioneers It s like a big social gathering Walker said  uo.stratics.com 364px x 500px | 85.90kB [source page] for a Save Our Zoo Auction While Cassie deserves the bulk of the credit so do all those who donated and all those who showed up to bid The auction began at 6 00 PM with a full house http uo stratics com newspics origin zoo auction jpg There were a few purchases made where one could say the bidder got a good deal However most items sold were bought at over inflated  sarahinkenya.com 453px x 604px | 57.20kB [source page] Joanne and me before the auction Martin Evans Nobel Prize Winner provides an introduction to the auction From Yahoo Image Search: "auction"
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From Google Blog Search: "auction"  youtube.com Tue, 18 Sep 2007 08:11:03 PDT At the age of 73 Ike Elcher went and got his auctioneer license. TCR #818, 5/3/2003. youtube.com.  youtube.com Thu, 04 Sep 2008 07:39:08 PDT Tom "Spanky" Assiter is one of the most well-known auctioneers in the United States due to his auction chant and trademark glasses. The ... youtube.com.  howcast.com Sun, 07 Sep 2008 06:01:00 PDT You can get a real steal at a house foreclosure sale--or you can overpay for a money pit. Here's how to avoid the latter. Author: Jordana_Giorgio. howcast.com. From Google Video Search: "auction" |
