Keyword Analysis & Research: auctions mn

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What is a live auction?

A live auction is a method of selling goods wherein bidders come to an auction house or other set location. The goods are described and listed and an auctioneer solicits bids, or offers, for each item.

How does online estate auctions work?

The online estate auction has simply shifted this process to the internet. Instead of the auction being hosted over several days in a private home, the items are collected by the liquidator, photographed, evaluated and graded where applicable, tagged, and have an opening bid set. Afterward, the items are available to view and be bid on online.

What are auction sales?

An auction sale is a public sale. The goods are sold to all members of the public at large who are assembled in one place for the auction. Such interested buyers are the bidders. The price they are offering for the goods is the bid.

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