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Auctions-and-Auctioneers.com

Auctions and Auctioneers is a website about buying anything by bid or lot.

We hope to bring you factual information about auctions and auctioneers around the world.

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 winning bidder.

The Devil's Dictionary defines an auctioneer as: The man who proclaims with a hammer that he has picked a pocket with his tongue.

There are quite a few variations on the basic auction format, supprisingly including time limits, less so; minimum or maximum limits on bid ofer prices, and special rules for determining the winning bidder or sale price.

Participants in an auction may or may not know the identities, see or observe the actions (or reactions) of other participants in the auction. Depending on the auction, bidders may have to participate in person or bid remotely through a variety of means; including placing bids with the auctioneer, over the telephone and more recently the internet.

The seller usually pays the commission to the auction house or auctioneer based on a percentage of the final sale price.

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