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What else can I help you with?
How do you end an auction on listia?
You can't exactly end an auction yourself. You can either end it (if anybody hasn't bid on your auction yet) or when the days and hour and minutes are done or if you have GIN (Get It Now) option on your auction.
What does a public auction refer to?
A public auction refers to the selling or trading of items in a public setting. Anybody can attend and bid on the items up for auction and the profits are often to satisfy a judgement decided in court.
What does a lot mean in a auction?
In an auction, a "lot" refers to a specific item or group of items being sold as a single unit. It can be anything from a single collectible or piece of art to a collection of goods or even real estate. Each lot is assigned a unique number and is typically described in detail to inform bidders about what is included and its condition. Bidders place bids on lots during the auction, and the highest bid wins that particular item or group.
What happens to the property if a property does not sell at the auction or Trustee's Sale?
If a home does not sell at auction it goes back to the trustee....(The bank / Lender). Typically the property transfers back at the starting bid...so in actuality it did indeed sell.
What is open outcry auction?
An open out cry auction where members stands on the trading floor and make orders the bids by shouting or raise their hands. some other other auctions have developed and they use signals where by they don't have to shout out and cry loud to bid.
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.
What does it mean in a car auction reserve off?
No reserve means the seller will accept what ever the highest bid is. If an owner started the bidding with a reserve price (meaning minimum amount to sell at auction) and the owner, at some point during the bidding, asks to have the reserve removed (will then take highest bid) the term Reserve Off is used to say that now the car will go to the highest bidder.
When bidding on Howrse do you get the horse if you bid the highest?
Yes. If you have the highest bid by the time that the horse's auction time is over you get the horse! For any more questions you have you can ask me on howrse. My username is spiritdancer .
How much will a chincoteague foal sell for at auction?
lowest bid in 2010 was 875 i believe highest was 8000
What does no reserve auction mean on jewelry?
If an item has a reserve price at an auction it means no matter the amount bid it will not sell unless it reaches the reserve price set by the seller. This price is not known by the bidder. In a no reserve auction the item will sell by the highest amount bid on the item this is known as a true auction.
How do eBay bizarre auctions work?
In the same way that any auction works on the site. You place your bid, other members generally bid against you and the highest bidder when the auction ends is the winner and the winner has to pay for their item.
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).
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.
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.
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
On howrse what will happen if you bid on a horse and dont have anoth money to pay for it?
If the auction end without a buyer, then the howrse will be returned to you.
