Dutch Auction
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Auction Catalog Von Dutch, Stan Betz Autos+ Motorcycles $8.90 |
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1941 AU WALKING LIBERTY 50c (DUTCH AUCTION) ID#B382 $15.00 |
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1942 AU WALKING LIBERTY 50c (DUTCH AUCTION) ID#B383 $15.00 |
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HUNGARY 20 PENGO 1941 UN CIRCULATED NOTES DUTCH AUCTION $9.00 |
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15 Sports Card Lots Dutch Auction 1/1 Autos Game Used.. $2.50 |
Learning about auctions on and offline can be fun and informative. In this article you’ll discover the differences between various types of auctions.
English auction: This is what most people think of as an auction. Participants bid openly against one another, with each bid being higher than the previous bid. The auction ends when no participant is willing to bid further, or when a pre-determined “buy-out” price is reached, at which point the highest bidder pays the price. The seller may set a ‘reserve’ price and if the auctioneer fails to raise a bid higher than this reserve the sale may not go ahead.
Dutch auction: In the traditional Dutch auction the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer’s price, or a predetermined minimum price is reached. That participant pays the last announced price. This type of auction is convenient when it is important to auction goods quickly, since a sale never requires more than one bid.
The Dutch auction is named for its best known example, the Dutch tulip auctions; in the Netherlands this type of auction is actually known as a “Chinese auction”. “Dutch auction” is also sometimes used to describe online auctions where several identical goods are sold simultaneously to an equal number of high bidders. Economists call the latter auction a multi-unit English ascending auction.
Sealed High-Bid Auction: In this type of auction all bidders simultaneously submit bids so that no bidder knows the bid of any other participant. The highest bidder pays the price they submitted.
Vickrey auction: Also known as the sealed second-price auction. This is identical to the sealed high-bid auction, except the winning bidder pays the second highest bid rather than their own.
Silent auction: This is a sealed variant often used in charity events, but involving the simultaneous sale of multiple items. Participants submit bids normally on paper, near the item. They may or may not know how many other people are bidding or what their bids are. The highest bidder pays the price they submitted.
Procurement auction: This kind of auction reverses the roles of seller and buyer. The buyer puts out an RFQ for a given commodity and providers offer progressively lower prices in hopes of getting the business. At the end of the auction, the lowest bid wins.
Digital art auction: In this indefinitely long auction, designed for unreleased works that are trivially reproducible at zero cost (recordings, software, drug formulae), bidders openly submit their maximum bids. The seller may review the bids and close with a price of their choosing at any time. The successful bidders that pay this price are those whose bid meets or exceeds it.
Open outcry auction: This type of auction can refer to any auction where the auction is conducted orally for people to hear typically used in stock exchanges and commodity exchanges, where trading occurs on a trading floor and traders may enter verbal bids and offers simultaneously. This type of auction is being replaced by electronic trading platforms.
Unique bid auction: In this type of auction users post blind bids and are given a range of prices they can place a bid in, often a capped limit. The highest, or lowest, unique bid wins. For instance an auction is given a maximum bid of 10. If the top five bids are 10, 10, 9, 8, 8 then 9 would be the winner being the highest unique bid. This is a popular online type of auction.
Buy-out auction: This auction has a predetermined buy-out price in which the bidder can end the auction by accepting the buy-out price. The buy-out price is set by the seller. The bidder can choose to bid or use the buy-out option. If no bidder chooses to utilize the buy-out option, the auction ends with the highest bidder winning the auction. You can often find this type of auction on eBay.
Be sure you understand the type of auction you are participating in before it starts. Sometimes mistakes made at an auction can smart and be costly if you don’t know what you are doing.
Permission is granted to reprint this article as long as no changes are made, and the entire resource box is included.
About the Author:
This article is Copyright © 2006, Heather Colman. Find more auction resources at autoauctionscentral.info
Article Source: ArticlesBase.com – Distinguishing The Differences Between Auctions
Illustrating a Dutch Auction Using Milk and Donut Holes
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Auction Catalog Von Dutch, Stan Betz Autos+ Motorcycles $8.90 |
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1941 AU WALKING LIBERTY 50c (DUTCH AUCTION) ID#B382 $15.00 |
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1942 AU WALKING LIBERTY 50c (DUTCH AUCTION) ID#B383 $15.00 |
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HUNGARY 20 PENGO 1941 UN CIRCULATED NOTES DUTCH AUCTION $9.00 |
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15 Sports Card Lots Dutch Auction 1/1 Autos Game Used.. $2.50 |
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NEW Max Havelaar: Or the Coffee Auctions of the Dutch T $18.48 |
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NEW SCHACHENMAYR LIME SALSA EYELASH YARN, DUTCH AUCTION $3.00 |
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NEW SAROS PINK & PURPLE VARIEGATED DUTCH AUCTION EYELAS $3.00 |
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Motorola Belt Clips NEW 200 pcs Dutch Auction !!! $3.14 |
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MLB NFL NBA Auto Jersey Patch Dutch Auction Hot Packs $0.99 |
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Von Dutch/ Big Daddy Roth auction book “The Originators $100.00 |
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RCA 6J6 Tube Tubes – Dutch Auction NOS NIB $3.00 |
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“Hot Pack” Dutch Auction Guaranteed 2 Jersey 2 Auto!! 1 $0.99 |
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“Hot Pack” Dutch Auction Guaranteed 2 Jersey 2 Auto!! 2 $0.99 |
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“Hot Pack” Dutch Auction Guaranteed 2 Jersey 2 Auto!! 3 $0.99
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“Hot Pack” Dutch Auction Guaranteed 2 Jersey 2 Auto!! 4 $0.99 |
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Indiana Monterey Punch Cup(s) c. 1951 – Dutch Auction $9.99 |
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New Martinsville Moondrops Ruby & Pink Dutch Auction $12.50 |
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Anchor Hocking Deco Vase(s) – Dutch Auction $19.99 |
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Baseball Dutch Auction All Will Be Numbered $1.99 |
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Best Baseball Dutch Auction: GU, Auto, Griffey, Jeter $1.00 |
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MLB NFL NBA Auto Jersey Patch Dutch Auction Hot Packs $0.99 |
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1 of 500 IKE / EISENHOWER DOLLARS DUTCH AUCTION $1.70 |
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Sotheby’s Dutch Modernism Auction Catalog ‘2008′ $29.99 |
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NGC PF69 ULT CAMEO & PCGS PR69 DCAM COINS DUTCH AUCTION $9.99 |
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HUGE SPORTS CARD COLLECTION, DUTCH AUCTION AUTO G/U RC! $0.99 |
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Pennsylvania Dutch Auction Amish Postcard $6.95 |
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Military pins – dutch auction $100.00 |
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Matchbox #11 Chrysler Atlantics Gold Lot Dutch Auction $4.00 |
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Matchbox #19 Chrysler Atlantics Gold Lot Dutch Auction $3.60 |
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Matchbox #39 Chrysler Atlantics Gold Lot Dutch Auction $3.20 |
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Mikasa Ardsley L9022 Rim Soup Bowl(s) – Dutch Auction $9.99 |
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Fostoria LIDO 8.5″ Plate(s) Baroque Blank Dutch Auction $14.99 |
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Fitz & Floyd Mugs – Dutch Style Auction! $9.99 |
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Holland Fish Market Auctions Vintage Dutch Postcard $6.99 |
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D’Addario EXL140 Electric guitar strings, dutch auction $4.00 |
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ZIGZAG.MAN’S 1/1 CARD 15 AUTO OR JERSEYS DUTCH AUCTION $89.99 |
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MLB NFL NBA Auto Jersey Patch Dutch Auction Hot Packs $3.89 |
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DUTCH AUCTION NEW FUNNY YARN IN BLACK &YELLOW MIX 50gm $3.00 |
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NEW SCHOELLER-STAHL KIKO GREEN MULTI YARN DUTCH AUCTION $3.00 |
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DUTCH AUCTION FOR NEW ICE MOHAIR MULTICOLOR YARN 50gm $3.25 |
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RCA 12ax7/ECC83 tube 1 of 14 dutch auction tested great $26.95 |
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NEW SAROS TAN FEATHERY EYELASH DUTCH AUCTION 100gm sk $6.00 |
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NEW TURKISH ALDEMIR FANTASY BLUE YARN DUTCH AUCTION $8.00 |
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NEW SCHOELLER-STAHL BOBTAIL OREO DUTCH AUCTION 50gm $3.00 |
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NEW SANTA MARIA LIGHT BLUE EYELASH DUTCH AUCTION, 50gm $3.00 |
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NEW SANTA MARIA GREEN/PURPLE/GOLD DUTCH AUCTION 50gm sk $3.00 |
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Dutch Auction: Sports / Baseball Card Collection / Lot $1.00 |
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1 of 500 IKE / EISENHOWER DOLLARS DUTCH AUCTION $1.70 |
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Dutch Auction 25 cards $9.00 lots $9.00 |
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[LP Record] 20 Great Polkas Vol 3, Golden Goodies- 2 Albums in 1 & Wunderbar Music The Deutschmeisters CONTENTS: LIECHTENSTEINER POLKA, DAKOTA WALTZ, HORTENSIE POLKA, LIFE IN THE FINNISH WOODS, TINKER POLKA, HOLTZ AUCTION SCHOTTISCHE, JULIDA POLKA, NEW ULM WALTZ, BLUE SKIRT WALTZ, BEER BARREL POLKA, GINGER SNAP POLKA, WIRTSHAUS LAENDLER, RIP SAW BUCK SAW SCHOTTISCHE, LINDANAU POLKA, DUTCH FESTIAVAL WALTZ, LOBO STOMP, FADED ROSE WALTZ, LITTLE JUMPING JACK POLKA , ELMER’S LAENDLER, WIEN BLIEBT WIEN… |
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Merchants of Amsterdam $22.23 Amsterdam in 1600 was a booming town for trade and exploration. Dutch merchants traveled the world looking for valuable goods. The game features a special auction clock to support the use of the traditional Dutch auction. Author: Reiner Knizia,. Players: 3-5 aged 10 and up, Length: 90 minutes… |
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Max Havelaar: Or the Coffee Auctions of the Dutch Trading Company (Penguin Classics) $9.34 When Max Havelaar was first published in Holland in 1860, it ignited a major political and social brouhaha. The novel, written by a former official of the Dutch East Indian Civil Service under the pen name Multatuli, exposed the massive corruption and cruelty rife in the Dutch colony of Java. Max Havelaar is an undeniably autobiographical novel; like his hero, Multatuli–the pseudonym for Ed… |
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Friendly completes ‘Modified Dutch Auction’.: An article from: Ice Cream Reporter $5.95 This digital document is an article from Ice Cream Reporter, published by Ice Cream Reporter on December 20, 2001. The length of the article is 610 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: F… |
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PENNSYLVANIA DUTCH FOLK ART SALE … |
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