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What is the difference between absolute auction and confirmation auction?
Wiki User
∙ 11y ago
In an absolute auction, the highest bid wins the item or real estate, there is no minimum bid requirement. In a confirmation auction the highest bid has to be confirmed/approved by the owner or bank, sometimes also referred to as a reserve price.
Wiki User
∙ 11y ago
banknilami
In Absolute Auction, the highest bid wins the sale item, it don't have reserve price but in confirmation auction, the owner fixed the highgest bid. Bank Nilami is a good site which is offering you their good service regaring to the properties, vehicles and all.
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