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luck every bid cost money. every bidder pays, so the winner does get there item for that ridiculously low price, plus bid cost, and everybody else who payed there bid cost in a sense gambled and lost. the host of the auction actually makes there money on bids rather than the item. id personally stay out of them cause its gambling really. but i actually had a friend win a ps3 through i believe it was called bid now for like 50$, but lost a 100$ on other auctions before deciding that it wasnt worth it.
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What is the difference between a reverse auction and a forward auction?
A forward auction is the "ordinary auction" we are all used to today. In a forward auction, the buyer bids on the sellers item, and the prices of the item increases during the auction. On the other hand, a reverse auction switches the roles of the buyer and the seller. In a reverse auction, the sellers are competing for the buyers business, and the prices of the items the sellers are selling decrease during the auction.
What auction is the most common auction model for large purchases?
A reverse auction is the most common auction model for large purchases. During a reverse auction, the sellers bid to obtain business from a potential buyer.
What is the value of an 1934 silver backed dollar?
I assume you are referring to a bill that's normally called a "silver certificate". If so, as of 02/2009 its auction value range is $10.-$15. depending on how worn it is.
What is the difference in a reverse auction and an ordinary auction?
Interesting question. Here goes. A reverse auction is a type of auction in which the roles of buyers and sellers are reversed. In an ordinary auction (also known as a forward auction), buyers compete to obtain a good or service, and the price typically increases over time. In a reverse auction, sellers compete to obtain business, and prices typically decrease over time.
What is the difference between a tender and auction?
what is the difference between an auction and a tender
What are the release dates for Million Dollar Auction - 2006 TV?
Million Dollar Auction - 2006 TV was released on: USA: 1 April 2006
What actors and actresses appeared in Million Dollar Auction - 2006?
The cast of Million Dollar Auction - 2006 includes: Rebecca Grant as herself Setorii Pond as herself
Where can you sell a 1917 One Dollar Bill?
Ebay auction
What is the value of a 1998 five dollar gold piece?
It is worth about $160-170 in an internet auction.
What does it take for a dollar like a silver cert to become more valuable?
flawless and another to get a lot at an auction
Where can you sell your 1 oz fine silver dollar coin?
an auction, coin dealer or a jewerly store.
What is a 1928 San Francisco Reserve 500 dollar us dollar bill worth?
As of 11/2008, auction prices are in the range $750.-$1400. depending on its condition.
What is the value of an 1804 silver dollar?
In 1999, one sold for over $4million at an auction, about 15 are known to exist
What is the value of a 1891 one dollar gold coin?
At a good auction, anywhere from $350 to $1200. Depending on the condition.
How much is a proof 1971 s worth?
A proof what? Cent, nickel, dime, quarter, half dollar, or dollar? I'm hoping to get $8 or $9 for a whole set at an auction this weekend.
Do you have to have 'cash only' at a foreclosure auction?
No, a cashier's check will work, too.
What is the most valuable US silver dollar?
An 1804 silver dollar sold at auction at PRF-68 for $4,000,000. Fewer than 15 are known.UpdatesIn 2010 a 1794 flowing hair silver dollar sold for almost $8 million.
