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  2. Auction - Wikipedia

    en.wikipedia.org/wiki/Auction

    An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with ...

  3. Auction sniping - Wikipedia

    en.wikipedia.org/wiki/Auction_sniping

    e. Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper. This can be done either manually or by software on the ...

  4. Freeman's Auctioneers & Appraisers - Wikipedia

    en.wikipedia.org/wiki/Freeman's_Auctioneers...

    US$ 32 million (2023) Website. freemansauction .com. Freeman's (formerly known as Freeman's and Samuel T. Freeman & Co) is an American auction house founded in 1805 by Tristram B. Freeman, a British print seller, in Philadelphia, Pennsylvania, United States. [1] In January 2024, Freeman's was merged with Chicago-based Leslie Hindman Auctioneers ...

  5. No-reserve auction - Wikipedia

    en.wikipedia.org/wiki/No-reserve_auction

    t. e. A no-reserve auction ( NR ), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. [1] [2] From the seller's perspective, advertising an auction as having no reserve price can be desirable (but risky) because it potentially attracts a greater number of bidders due to the possibility ...

  6. Reverse auction - Wikipedia

    en.wikipedia.org/wiki/Reverse_auction

    A reverse auction (also known as buyer-determined auction or procurement auction) is a type of auction in which the traditional roles of buyer and seller are reversed. [1] Thus, there is one buyer and many potential sellers. In an ordinary auction also known as a forward auction, buyers compete to obtain goods or services by offering ...

  7. Heritage Auctions - Wikipedia

    en.wikipedia.org/wiki/Heritage_Auctions

    Heritage Auctions is an American multi-national auction house based in Dallas, Texas. Founded in 1976, Heritage is an auctioneer of numismatic collections, comics , fine art, books, luxury accessories, real estate, and memorabilia from film, music, history, and sports.

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