Consignee and consignor - as pertaining to auctions, the consignor (also called the seller, and in some contexts the vendor) is the person owning the item to be auctioned or the owner's representative,[65] while the consignee is the auction house. The consignor maintains title until such time that an item is purchased by a bidder and the bidder pays the auction house.


The purchaser shall pay a non-refundable deposit of 25% of the purchased price of any auction lot on the date of the auction, with the balance of the purchase price paid within 3 days following the auction. All payments must be received by cashier’s check, money order, company or personal check accompanied by an irrevocable bank letter of guarantee, or wire transfer payable to Bar None Auction. Any payment other than cash may be subject to an additional 3% administrative fee.
Many financial assets, especially government bonds, are issued by an auction. An important feature of the design is the auction pricing mechanism: uniform versus discriminatory. Theoretical papers do not provide a definite answer regarding the dominance of one type of auction over the other. We investigate the revealed preferences of the issuers by surveying the sovereign issuers that conduct auctions. We find that the majority of the issuers/countries in our sample use a discriminatory auction… CONTINUE READING
People were on their cellphones taking bids from afar, others were desperately eyeing the cars to see if the panels and bumper covers were in decent enough shape to make some cash at the current bidding price. Though there were only a handful of folks at this little auction, the dynamic—the subtle things people did to make sure they made a sound buying decision—was enthralling.
By the end of the 18th century, auctions of art works were commonly held in taverns and coffeehouses. These auctions were held daily, and auction catalogs were printed to announce available items. In some cases these catalogs were elaborate works of art themselves, containing considerable detail about the items being auctioned. At this time, Christie's established a reputation as a leading auction house, taking advantage of London's status as the major centre of the international art trade after the French Revolution.
Charity auctions - Used by nonprofits, higher education, and religious institutions as a method to raise funds for a specific mission or cause both through the act of bidding itself, and by encouraging participants to support the cause and make personal donations.[53] Often, these auctions are linked with another charity event like a benefit concert.[54]
I returned home wishing I had never gone to this auction, because as someone trying to get over his junky-vehicle hoarding tendencies, I’m not strong enough to handle this kind of temptation. Sure, many of these cars were junk, but they were dirt cheap. And since most were impounded for some sort of driving infraction, there’s a decent chance they move under their own power.
An announcement is released several days before the bill auction to kickstart the process. The announcement includes information such as the auction date, issue date, amount of security that will be sold, bidding close times, participation eligibility, etc. All auctions are open to the public through Treasury Direct or the Treasury Automated Auction Processing System (TAAPS).
DON’T MISS OUT ON ALL OF THE EXTRAORDINARY EQUIPMENT IN OUR Au Bon Pain Café and Bakery & Forte Italian Restaurant Equipment Auction Which Features an Oliver Bread Loaf Slicer, Oliver Electric Convection Oven, 2012 Alto Shaam Gas Convection Oven, 80 Quart Planetary Mixer, 2016 Rotisol Gas 4 Spit Rotisserie Oven, Baxter Gas Mini Rotating Rack Oven, Champion Pass Through Dishwasher,   [ View Full Listing ]
American Range restaurant range Two-door refrigerated sandwich prep table Cornelius Coldshot countertop machine J&J Snack Foods Corp pretzel warmer displays Commercial coffee makers Hatco glo-ray shelving merchandiser Henny Penny commercial breading machine Henny Penny gas pressure fryer US Range salamander broiler Beverage Air three-door refrigerated sandwich prep table Imperial Range   [ View Full Listing ]
Senior auction is a variation on the all-pay auction, and has a defined loser in addition to the winner. The top two bidders must pay their full final bid amounts, and only the highest wins the auction. The intent is to make the high bidders bid above their upper limits. In the final rounds of bidding, when the current losing party has hit their maximum bid, they are encouraged to bid over their maximum (seen as a small loss) to avoid losing their maximum bid with no return (a very large loss).
DON’T MISS OUT ON OUR BEAUTIFUL Ole's Ice Cream Parlour and Ottimo Italian Restaurant Equipment Auction Which Features a Blodgett Gas Combi Oven, Titan 60 Quart Mixer, Imperial Gas 4 Burner Range, NEW Master Bilt Ice Cream Merchandiser, NEW True Sandwich Board, SaniServ Frozen Beverage Machines, Franklin Rotisserie, Goshen Air Cooled Ice Cream Machines, 2013 Fricon Ice Cream Freezer   [ View Full Listing ]
FURNITURE * GLASS, CHINA & POTTERY * STERLING * JEWELRY * TOYS * HUMMELS * CLOCKS * COUNTRY COLLECTIBLES *  ETC. (Viewing 8 - 9:30AM Day of Auction). This Auction is comprised of the Antiques & Collectibles consigned from 20 Estates, Trusts, Homes & other lots.  Partial list inc:  FURNITURE:  Pine hutch, pine chest on chest, stretcher base tap table, pine   [ View Full Listing ]
DON'T MISS OUT ON THIS OUTRAGEOUS AUCTION SALE!!!! NEW PERLICK DUAL TOWER BEER KEGERATOR, NEW PERLICK BAR BACK, NEW TRUE 2 DOOR COOLER, NEW TRUE ONE DOOR FREEZER, NEW ICE-O-MATIC ICE MACHINE, NEW GLAS TENDER BEER COOLER, PERLICK BEER COOLER, GLAS TENDER BAR BACK, NEW TRUE BEVERAGE MERCHANDISER, NEW TURBO AIR FREEZER MERCHANDISER, NEW FWE FOOD WARMING CABINET, SCOTSMAN ICE MACHINE, NEW ALTO SHAAM   [ View Full Listing ] 

I returned home wishing I had never gone to this auction, because as someone trying to get over his junky-vehicle hoarding tendencies, I’m not strong enough to handle this kind of temptation. Sure, many of these cars were junk, but they were dirt cheap. And since most were impounded for some sort of driving infraction, there’s a decent chance they move under their own power.
19. Bar None Auction offers a 2-day cancellation option, should you wish to exercise, to purchase the right to return certain motor vehicles under $40,000 by 5 pm of the second day after the sale. This cancellation option applies only to passenger vehicles purchased for personal or household use; it does not apply to motorcycles, off-road vehicles, recreational vehicles, or vehicles sold for business or commercial use. In order to exercise this option you must inform Bar None Auction at the time of purchase on that specific auction day.
People that are looking for value prices on quality new and used goods can now search, bid, and buy products at a government auction anywhere in the country. Locating a government auction is the only challenge many consumers find. However, a number of companies exist today that provide website links, auction listings and updated details of what is being sold when, where, and how.
There are many thousands of such court orders issued each year, and items that can't be returned to their legal owner are auctioned off at local auction houses all over the UK. Police auctions are an established route used by regional police forces across the country to dispose of proceeds of crime, lost and found, seized, and unclaimed stolen and confiscated property.
To finance the public debt, the U.S. Treasury sells bills, notes, bonds, Floating Rate Notes (FRNs), and Treasury Inflation-Protected Securities (TIPS) to institutional and individual investors through public auctions. Treasury auctions occur regularly and have a set schedule. There are three steps to an auction: announcement of the auction, bidding, and issuance of the purchased securities.
An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. The open ascending price auction is arguably the most common form of auction in use today.[1] Participants bid openly against one another, with each subsequent bid required to be higher than the previous bid.[2] An auctioneer may announce prices, bidders may call out their bids themselves (or have a proxy call out a bid on their behalf), or bids may be submitted electronically with the highest current bid publicly displayed.[2] In a Dutch auction, the auctioneer begins with a high asking price for some quantity of like items; the price is lowered until a participant is willing to accept the auctioneer's price for some quantity of the goods in the lot or until the seller's reserve price is met.[2] While auctions are most associated in the public imagination with the sale of antiques, paintings, rare collectibles and expensive wines, auctions are also used for commodities, livestock, radio spectrum and used cars. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.
Private treaty sales – Occasionally, when looking at an auction catalogue some of the items have been withdrawn. Usually these goods have been sold by 'private treaty'. This means that the goods have already been sold off, usually to a trader or dealer on a private, behind-the-scenes basis before they have had a chance to be offered at the auction sale. These goods are rarely in single lots – photocopiers or fax machines would generally be sold in bulk lots.
At the close of an auction, Treasury awards all noncompetitive bids that comply with the auction rules and then accepts competitive bids in ascending order of their rate, yield, or discount margin (lowest to highest) until the quantity of awarded bids reaches the offering amount. All bidders will receive the same rate, yield, or discount margin at the highest accepted bid.
Walrasian auction or Walrasian tâtonnement is an auction in which the auctioneer takes bids from both buyers and sellers in a market of multiple goods.[46] The auctioneer progressively either raises or drops the current proposed price depending on the bids of both buyers and sellers, the auction concluding when supply and demand exactly balance.[47] As a high price tends to dampen demand while a low price tends to increase demand, in theory there is a particular price somewhere in the middle where supply and demand will match.[46]
This is the practice, especially by high-end art auctioneers,[64] of raising false bids at crucial times in the bidding in order to create the appearance of greater demand or to extend bidding momentum for a work on offer. To call out these nonexistent bids auctioneers might fix their gaze at a point in the auction room that is difficult for the audience to pin down.[65] The practice is frowned upon in the industry.[65] In the United States, chandelier bidding is not illegal. In fact, an auctioneer may bid up the price of an item to the reserve price, which is an unstated amount the consignor will not sell the item for. However, the auction house is required to disclose this information.
GAUK Police Auctions & Sales category lists everything you need in an easy to read page outlining all the details of Police Auctions within the UK. In an attempt to stop the lost and found departments becoming crammed and to reduce the number of items stored in the Police Property Store UK police forces sell consignments of stolen and recovered and seized goods through a Police Auction. These sales include vehicles, bicycles, clothing, electronics, furniture and many other items, which end up in the police property room.
Federal government auctions. Federal government car sales were once handled by the agency that had the vehicles to auction. For example, the DEA auctioned off both fleet vehicles and cars that were been seized from drug dealers and other criminals. Fleet vehicles are the cars that DEA agents drive as company vehicles. There are numerous agencies that auction vehicles. Recently these vehicles and auctions have been consolidated under a single website. GovSales consolidates numerous government auctions under one roof. It is easy to search by product type as well as type of vehicle. It shows what state the vehicle is located in as well as any available information. Photos are sometimes available, but not always. It often provides links to other sites that have additional information
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