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Discount Government Auction - WARNING! government auction review scam alert!
WARNING! Do NOT trust other government auction reviews...
99.9% of these so called " government auction reviews "
aren't reviews at all. The webmasters who create these fake
reviews are only interested in the highest commissions ,...
Make Online Auctions a Home Business
Everyone is aware of online auctions nowadays. We all know someone who has bought or sold something on an Ebay online auction site. But how many people know that this hobby can be turned into a profitable business?
The fact is online auctions...
Real Estate Auctions: Avoid Online Scams
(Discover Hidden Gems by Avoiding Potential Pitfalls and Fraudulent Websites.)
Seized Property for 90% off Market Value?
Recent popularity
In the last year buying bank and government seized properties has become very popular. This is...
The Fundamentals of Online Auction Selling
Even the professionals often overlook the fundamentals of any business, sport, or endeavor. I am not really an auction expert. I am a computer guy. During my time with The Online Auction Academy, however, I have learned a lot about the business...
The rules of linking from your Ebay auctions
Because ebay is such a busy place of merchandise sales with many
various ebay stores and markets selling thousands of items,
there must be a few rules that are set in place to insure that
everyone is playing fair. Ebay auctions are a gift for us...
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Auction and its benefits
An auction is basically a public sale wherein any object is sold to the highest bidder. It can be defined as a process
of purchasing and selling things by offering them up for bid, taking bids and selling the things out to the highest bidder. This is what is generally the case. However, a sale to the lowest bidder may also take place, in cases where land is sold for non-payment of taxes to anyone willing to take it for the shortest term; or where a contract is offered to an individual or party willing to take it for the shortest term; or where a contract is offered to an individual or party willing to perform it at the lowest price. Such cases too seem to fairly come under the purview of the term ‘auction’.
In case of auction the seller presents the products on a public platform. The selling price of the products are determined by the bids or offers of buyers interested in
buying them based on their individual estimation of value of and need of the products. The person offering the highest bid at closing of auction receives the right to purchase the products at the bid price. The winner of the bid is normally legally bound to buy the item auctioned. In recent times auctions have been conducted online.
The benefits of auction are many. Some of the significant
advantages are:
a)The auctioned item fetches the highest price in the given situation. Thus, in a way there is the maximization or optimization of profit.
b) At an auction the goods are almost certainly disposed off after bidding by their sale to the highest bidder. Hence,
this serves as the right podium for disposing or selling out of accumulated goods. Otherwise, business could have become
stagnant due to the stocking of these goods. Certain items could also have perished (in case of perishable goods) or expired if not sold out in time.
c) In case of auctioning a variety of articles may come up for sale, which may not be otherwise available in the market.
The buyer can get quite surprised by looking at a treasure trove of antique articles available at an auction.
d) An auction can also be considered as a method for estimating the value of certain commodities which have hitherto undetermined or variable prices.
About the author:
Author bio:
Author: S.M
http://www.autocastle.com/
http://www.autocastle.com/dealers.asp
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