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auction

Comprehensive Analysis

1) "Auction" -- As to auction 1auc·tion Pronunciation: 'ok-sh&n Function: noun Etymology: Latin auction-, auctio, from augEre to increase -- more at EKE 1 : a sale of property to the highest bidder 2 : the act or process of bidding in some card games Pronunciation Symbols An auctioneer and her assistants scan the crowd for bidders An auction is the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. Auctioning can be traced as far back as 500 B.C.[1] In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price. Auctions can be with reserve or minimum, or without minimums, or absolute or no reserve. In reserve auctions, there is a minimum bid or reserve price; if the bidding does not reach the minimum, there is no sale (but the person who puts the item up for auction may still owe a fee to the auctioneer or auction company). In absolute or no reserve auctions, the sale is guaranteed, with only the price left to be determined. In the context of auctions, a bid is an offered price. 1 History of the Auction 2 Additional Information 3 Types of auctions 3.1 Primary types of auctions 3.2 Other auction terminology 4 See also 5 Further reading 6 Footnotes However, according to ancient Greek scribes, the more generally accepted auction occurred first in Babylon in 500 B.C. During this period, auctions were held annually, and women were sold on the condition of marriage. It was considered illegal to allow a daughter to be sold outside the auction method. Women with “beauty” engendered higher bidding, women without “beauty” had to pay a dowry to be accepted into the auction, and thus the price would be negative. During the Roman Empire, following military victory, Roman soldiers would often spear the ground to mark the location of spoils in which goods and property were seized. Roman business agents were said to have accompanied warriors into battle to help facilitate expected sales...." Further Data On Term for auction Internet users who seek auction often also seach for: auctions florida, wisconsin auctions, live auction, home auctions, auction sale, auction prices, state auto auction, online auto auctions, auto auction, auctions los angeles, classic, car, auctions, city, auctions, autograph, auction, police, auto, auctions, internet, auction, sites, county, auctions, auto, auctions, vehicle, auction, government, auctions, clothing, auctions, auctions, florida, wisconsin, auctions, live, auction, home, auctions, auction, sale, auction, prices, state, auto, auction, online, auto, auctions, auto, auction, auctions, los, angeles Regularly Occuring Typos with auction include: uaction acution autcion auciton auctoin auctino uction action aution aucion aucton auctin auctio quction suction zuction euction iuction ouction uuction ayction ajction aiction aaction aection aoction auxtion audtion auftion auvtion auktion aucrion aucfion aucgion aucyion auctuon auctkon auctoon auctaon aucteon auctuon auctiin auctikn auctiln auctipn auctian auctien auctiun auctiob auctioh auctioj auctiom Commonly appearing connections are : auto wrecking washington, auto repair manual, auto altimeter, austintown fitch high school, aurora oldsmobile, aunt gifts, auger bit, audrey hepburn poster, auditing companies, audio amp, audi tt pictures, attleboro massachusetts, attention deficit disorder medication, attention deficit disorder information, atlantis health plan, atlanta falcons, atlanta convention, atkins vegetarian, atkins diet menus, at at, astron hotel frankfurt, assemble furniture Similar searches have yielded these phrases auction: classic car auctions, city auctions, autograph auction, police auto auctions, internet auction sites, county auctions, auto auctions, vehicle auction, government auctions, clothing auctions Certain copy here auction made available through Wikipedia and the GNU Free Documentation License.