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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  photos.liveauctioneers.com 377px x 600px | 41.30kB [source page] Lot 1073 Julius vom Hofe Reel How often do you find a vom Hofe reel marked Dame Stoddard in a box Lot 1128 Harper Reel This is a nifty reel with a mysterious marking R Harper Maker N Y I too think it is a Crook reel  photos.liveauctioneers.com 464px x 600px | 28.40kB [source page] Terms conditions From Yahoo Image Search: "Auction Houses"  myauctionfinds.com sherry ue, 20 Jul 2010 16:07:13 GM I came across this grouping of about 30 or more cups and saucers recently at one of my favorite . auction houses. . They carried some of the most familiar names in china: Limoges France, Aynsley, Theodore Haviland Limoges, Bavaria, ... myauctionfinds.com sherry Fri, 16 Jul 2010 13:46:21 GM At one of my favorite . auction houses. recently, I watched as the auctioneer and buyers approached some furniture I had noticed beforehand. It was a like-new child's bunk bed that I figured would pull in a couple hundred dollars. ...  1888pressrelease.com unknown Sat, 10 Jul 2010 00:00:00 GM Founded in November 2002, LiveAuctioneers provides real-time Internet bidding capability to more than 960 . auction houses. worldwide. LiveAuctioneers has opened up once-exclusive antiques and fine art sales to the cyber community through ... From Google Blog Search: "Auction Houses"  bloomberg.com Thu, 01 Jul 2010 23:06:32 GMT+00:00 Sale Bloomberg There have been other incidents of German auction houses selling disputed art works. The Cologne company Kunsthaus Lempertz sold an Italian baroque painting ...  smh.com.au Fri, 09 Jul 2010 22:45:39 GMT+00:00 Sydney Morning Herald That morning, I had walked with my rustic terrier in the darkness before dawn along the laneways and ornate terraced houses of Melbourne's inner north. ...  news.xinhuanet.com Wed, 30 Jun 2010 01:27:30 GMT+00:00 Xinhua "It will effectively help auction houses receive works from clients without problems of ownership of the objects to be auctioned," commented Zhao Li, ... Authenticating auctions (2) People's Daily Online Authenticating auctions (3) People's Daily Online From Google News Search: "Auction Houses" Know of any great flea markets or auction houses in/near Atlanta? Q. I'm looking for a great flea market or auction house in Cobb County or Atlanta. Looking mostly for furniture and kitsch.. Thanks! Asked by lilac1077 - Sun Oct 7 23:57:23 2007 - - 1 Answers - 0 Comments A. You should be able to Google -- flea markets atlanta georgia-- and get information on any in your area. We love going to flea markets. There is one in Anderson, SC that's pretty good. Answered by Tim E - Mon Oct 8 06:03:01 2007 How do houses end up at tax auctions? Q. If a house has a mortgage wouldn't the bank foreclose on the property before the government got it for tax evasion? If I want to buy a tax auction house am I only going to find low quality houses that had little to no mortgage that is now paid off, or are there nicer homes that come up? Asked by Jess - Tue Jan 30 12:11:11 2007 - - 1 Answers - 0 Comments A. There are nicer homes that come up, YOU the successful bidder will be responsible for paying the mortgage that was left on the property. The tax claim is in first position, the mortgage is in second position, and your equity is in third position. Answered by whatevit - Tue Jan 30 12:31:46 2007 Regardless of who hold auctions, is the winning bid real the total cost of buying a house from the auction?
Q. I see these newspaper articles about real estate auctions. There are the regular county auctions (sheriffs auctions) that real estate companies buy to sell for profit later at their own house auctions. Regardless of who hold auctions, is the winning bid real the total cost of buying a house from the auction? Can you buy a house from an auction for say few thousands dollars? I can't google the real estate buying process. Where I can learn about the process of buying houses? Asked by dan - Mon Sep 10 17:22:39 2007 - - 4 Answers - 0 Comments A. It's very difficult to actually get a house at auction at extremely low prices like that. I've been to quite a few and actually won the bid on a couple of them. BUT... where I'm at, there is a 10 day upset bid timeframe where anyone can outbid you still but they have to up it by 3%. Or the owner still has that time to pay the lender back. That's in the normal case of foreclosure. The sheriff auction thing does not state that there are no other leins or mortgages on the property. I talked to the sheriff about this before and they just won't say. You have to do your own title search before bidding on this. So the winning bid can be the total cost of the property if you make it past the hurdles. And it's hard to find any good info… [cont.] Answered by tmorrow65 - Mon Sep 10 17:35:48 2007 From Yahoo Answer Search: "Auction Houses" See also:
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