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What else can I help you with?
Can auctioneer refuse to accept highest bid?
Yes. The rule is that the bidder is making an offer to buy and the auctioneer accepts this in whatever manner is customary, usually the fall of the hammer. A bidder may withdraw his or her bid at any time before the fall of the hammer, but any bid in any event lapses as an offer on the making of a higher bid, so that if a higher bid is made, then withdrawn before the fall of the hammer, the auctioneer cannot then purport to accept the previous highest bid. If an auction is without reserve then whilst there is no contract of sale between the owner of the goods and the highest bidder (because the placing of goods in the auction is an invitation to treat) there is a collateral contract between the auctioneer and the highest bidder that the auction will be held without reserve (i.e., that the highest bid, however low, will be accepted).
How do you bid on a horse?
1. go to auctions. 2. click on the horse you want to bid for. 3. there is a button that says something along the lines of "bid higher". 4. check on the bid often. if someone bids higher than you, click the "bid higher" button again. you can click it as many times as you want.
You're the high bidder and currently in the lead?
You are the highest bidder in the auction and no one has bid higher than you at the moment.
Can you explain the process of "bidding" in an auction?
In an auction, bidding is the act of offering a price for an item being sold. Bidders compete by placing higher bids until the auctioneer declares the item sold to the highest bidder. Bidding can be done in person, online, or over the phone, and the highest bid at the end of the auction wins the item.
Can the auctioneer bid at an auction?
Yes. The rule is that the bidder is making an offer to buy and the auctioneer accepts this in whatever manner is customary, usually the fall of the hammer. A bidder may withdraw his or her bid at any time before the fall of the hammer, but any bid in any event lapses as an offer on the making of a higher bid, so that if a higher bid is made, then withdrawn before the fall of the hammer, the auctioneer cannot then purport to accept the previous highest bid. If an auction is without reserve then whilst there is no contract of sale between the owner of the goods and the highest bidder (because the placing of goods in the auction is an invitation to treat) there is a collateral contract between the auctioneer and the highest bidder that the auction will be held without reserve (i.e., that the highest bid, however low, will be accepted).
How is a normal auction different to a dutch auction?
A normal auction, often called an English auction, involves bidders starting with a low price and gradually increasing their bids until no one is willing to bid higher, with the highest bidder winning the item. In contrast, a Dutch auction starts with a high price that is systematically lowered until a bidder accepts the current price, at which point the item is sold. The key difference lies in the bidding process: normal auctions build up the price, while Dutch auctions reduce it.
What kind of prices represent the average car auction prices?
According to the auto auctioneer, car shoppers should avoid auto auctions as the average car auction price is much higher than it should be as auctioneers represent the sellers and are paid to sell.
Can seller on eBay negotiate a higher price if bidder did not meet reserve?
Not sure what you mean the reserve is higher, bidder did not meet it and it is your minimum so there is nothing to negotiate.
What happens if there is only one bidder at an auction?
Even if the auction would have been won by the one bidder, the property would not have truly been the winner! (Because they are still short of the reserve price.) Many auction terms state that the vendor may place one bid on their own behalf, which must be disclosed. It is an additional reserve charge. So the vendor might make a single higher bid. If you are looking for any Tender Submission website. Then I would highly recommend the Tender Impulse Website. I hope this answer will be beneficial for you. THANK YOU!
What is an auctioner?
An auction is where a group of people are bidding on an item. As one person names a price, the next names one higher. Eventually they will reach a price that only one person is willing to pay. That person is then the winner of the item.
What is a bidit and how does it work in the context of online auctions?
A bidit is a type of online auction where participants can bid on items by offering a higher price than the previous bid. The highest bidder at the end of the auction wins the item. Bidding typically occurs in real-time, with participants able to see the current highest bid and place their own bids accordingly.
How is the price of items traded on eBay determined?
The initial starting price is set by the seller, but the eventual selling price is ultimately decided by the bidder (or bidders). When a seller lists their item, they decide the price at which they would like to start their auction. This is called the "start price" and it is, in effect, the lowest price that the seller is willing to sell their item for if it should receive just a single bid. It is also possible for the seller to set a reserve for higher value items (e.g., the lowest possible reserve that can be set in the UK is £50) . If only one bidder places a bid on the auction, the item will sell to the bidder for the "start price". If more than one bidder bids on the item, the final price of the item being traded will depend how determined each of the bidders are to outbid each other.
