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How does bidding work during a silent auction?
During a silent auction, participants write down their bid amount on a bidding sheet or place it in a bid box next to the item they want to bid on. Bids are typically kept anonymous, and participants can continue to monitor the bidding and increase their bids throughout the designated auction period. At the end of the auction, the highest bidder for each item is the winner, and they proceed to finalize the payment and receive the item.
Is a sealed bid legally binding?
Sealed or not, if the bid was offered and it was accepted, yes, it is legally binding.
What is meant by winning bid at an auction?
If you have the winning bid at an auction, then you have won that item with the bid you placed. After you pay for the item, it will be transferred to you.
Is bid a verb?
Depending on use it is a verb or a noun. He bid on the auction lot. verb He placed a bid on the auction lot. noun
How do you search for silent auctions and with which search engines?
== == I guess google would be the best help for you. Try seaching for unrevealed bid auctions, or reverse auction. Silent auctions for which item is the next question i have to ask?
What occurs at an auto auction?
An auto auction is simply an auction which only includes automobiles. An automobile is put up for bid. Either an auctioneer notes the bids and people try to outbid each other at the same time, or written bids are placed in a container (this is called a silent auction).
What is the part of speech for bid?
Bid can be a noun or a verb. As a noun "He sealed his bid." As a verb "He bid on the auction."
Can you use auction in a sentence?
we had auction for thing. Samson adeola rocks.I went to an auction to try and buy a car.I bid for a BMW at the auction but lostSome people sell their house by auction.
Simple sentence using the word bid?
She bid on antiques at the auction.
What is an offer at an auction called?
A bid.
What are invitations to bid?
Invitations to bid are normally given out for a private auction. These events are not open to the public and only a select few are invited to attend and bid on the items up for auction.
What is the difference between absolute auction and confirmation auction?
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.
