Game Theory, Nobel Prize, & Auctions - Auction Primer Series ? Part 1

William Vickrey, highly regarded as the founder of auction theory, was an economics professor at Columbia University when he published two papers outlining his views on auctions:

"Counterspeculation, Auctions, and Competitive Sealed Tenders", 1961, Journal of Finance

"Auction and Bidding Games", 1962, Recent Advances in Game Theory

In 1996 he received a Nobel Prize "for fundamental contributions to the economic theory of incentives under asymmetric information." It's important to understand that asymmetric information is an essential component of auctions, where potential buyers have varying levels of knowledge about the value of the item.

Although Vickrey considered his work on auctions as "one of my digressions into abstract economics, at best of minor significance in terms of human welfare", to those of us who work with online auctions, much of what he outlined is useful to understanding our marketplace.

Vickrey identified 4 general types of auctions:

English
Dutch
First-price sealed bid
Second-price sealed bid

English Auctions
The most common type of auction is the English Auction, although it may also be known as an ascending price auction. In ascending price auctions each subsequent bid is higher than the previous one. This is the most popular type of auction for single items.

Although traditional ascending price auctions use a "soft close" format - where bidding continues until a final bid is placed, the majority of today's on-line auction sites use the "hard close" format - also known as a 'time interval" auction having a set time limit, regardless of ongoing bidding. It's important to note that in a "soft close" format, bid snipping, that is bidding during the last few seconds or minutes on an item, is eliminated since the auction stays open as long as bids are being made.

In an attempt to minimize bid snipping and provide more of a "soft close" characteristic to their "hard close" auctions, eBay allows bidders to use "proxy bidding". In proxy bidding, a bidder enters the highest price they are willing to pay for an item when they first bid. The bid begins at the lowest possible level and increases automatically only if their original lowest bid has been beaten. For more in-depth information on the "proxy bidding capability on eBay go here.

http://pages.ebay.com/help/buy/proxy-bidding.html

Amazon.com currently offers a feature for their auctions called "Going, Going, Gone." The Going, Going, Gone" feature extends the end of an auction for 10 minutes if a bid is placed effectively creating a "soft close". For more information on the "Going, Going, Gone" feature on Amazon go here. http://www.amazon.com/exec/obidos/tg/browse/-/1161360/103-1666189-8415007#going-gone

From the buyers standpoint a "hard close" format is preferable since they may be able to make a final bid before others can react, possibly winning the auction at a lower price.

For sellers, a "soft close" format provides an opportunity to realize the maximum price for an item by removing the time restrictions for an auction. As long as bidders are bidding the auction remains open.

Dutch Auctions
As you may have guessed, the concept of the Dutch auction originates in the Netherlands. Unlike English auctions which utilize ascending price methods, Dutch auctions are descending price auctions and are commonly used when multiples of the same items are to be auctioned. In a Dutch auction the bidding starts at a relatively high price which is driven progressively downward by bids.

As an example of a Dutch auction let's say you had 10 items you wanted to sell for $20 each.

Bidder A bids $18 for 6 items
Bidder B bids $17 for 5 items
The final result is:
Bidder A would receive 6 items for $17 each
Bidder B would receive 4 items for $17 each

Please note that most Dutch auctions allow bidders to refuse an order for a lesser number of items than what they bid on. A "soft" or "hard close" format may be used in Dutch auctions although the most common is the "hard close".

First-price Sealed Bid Auctions
Sealed bid auctions differ from the English and Dutch in as much as the bids are not announced to other bidders. The individual bid is only know to the bidder and the seller. This type of auction may be either buyer-bid, where the highest bidder wins the item and pays the amount of their bid, or seller-bid, where the lowest bidder sells the item and is paid the amount of the bid. This form of auction is common for construction contracting, military procurement, foreign exchanges, and other types of goods.

Second-price Sealed Bid Auctions
Another common name for second-price sealed bid auctions is Vickrey auctions (named after William Vickrey) There is a slight variation to the first-price auction for Vickery auctions. In a buyer-bid auction the highest bidder buys the item and pays the amount of the second highest bid. Or in a seller-bid auction, the lowest bidder sells the item and is paid the amount of the second lowest bid.

The above descriptions provide a general overview of the most popular auction types in use today. Depending on the auction website these general categories may include a number of variations and options such as reserve pricing, open or closed venue, multiple items, fixed price and lot listings to mention a few. Before entering any particular type of auctions make sure you study and understand the rules for that specific type of auction, as the rules may vary from website to website.

Copyright © Steven Woodward ? All Rights Reserved

Steven Woodward is the owner, editor and publisher of the Auction Sellers Network (ASN); a web site for individuals and companies who are serious about utilizing the online auction marketplace for their business. In addition to topical articles, ASN provides an extensive resource center, news feeds and member forums. For more information, or to become a member, please visit us at http://www.AuctionSellersNetwork.com

No permission is needed to reproduce an unedited copy of this article as long the About the Author tag is left in tact and included. We do request that we be informed of where it is posted and reciprocal links will be considered.

In The News:

As Penalties, Auctions Loom, How True is Indian Telecom’s Financial Distress Narrative?  The WireWhen it comes to bailing out the sector through financial incentives, there is not a very strong case for the government to help out.
Silverstone Auctions Delights Collectors Everywhere With the Silverstone Classic Sale of Collector Cars and Automobilia  Business WireProxibid will provide live online bidding for the Silverstone Classic Sale taking place July 27-28 in Towcester, Northamptonshire, UK.
Times Past: Remembering the region's many auction houses  The RecorderEnjoy yourself. Go to an auction. During the many years of my life, I've spent many hours at different auction galleries in this area, Franklin County, as well as in ...
Hong Kong sets reserve prices for 5G auctions  Mobile World LiveHong Kong's Office of the Communications Authority (OFCA) published guidelines, including reserve prices and spectrum caps, for upcoming 5G auctions in ...
Ex-DEATH Guitarist Auctions Chuck-Signed Spiritual Healing Memorabilia To Help Pay Medical Bills  Metal Injection.netGuitarist James Murphy is known for his work in Death, Obituary, Testament, as well as his own band Disincarnate. Murphy is currently trying to raise funds to ...
DDC to meet on July 24 to discuss reserve auction price, penalty in Reliance Jio interconnect case  The Financial ExpressSimilarly, the regulator stuck to its recommendation on the reserve price of spectrum, including 5G band.
Apollo 11 50th anniversary auctions result in millions for moon landing memorabilia  collectSPACE.comThe 50th anniversary of the first moon landing inspired more than just memories to come forward, but also millions of dollars for memorabilia from the Apollo 11 ...
If mine auctions are delayed, iron ore prices will rise by over 30%: Crisil  LivemintIn FY19, India produced 207 million tonne of iron ore, 65-70% of which was by merchant miners and the rest by captive steelmakers.Crisil has estimated that if ...
Lack of 5G spectrum for commercial use may push up auction prices  LivemintOf 300MHz, Isro and defence department have sought 100 and 25MHz, respectively.In India, the only band identified for 5G spectrum is under the 3.3-3.6GHz ...
Judge executive auctions off UK basketball to raise money for Blackjewel miners' children  WYMT NewsThree weeks after Blackjewel LLC filed for Chapter 11 bankruptcy, employees are still living day to day without paychecks.
Capital City Auction Markets Record The Highest Preliminary Clearance Rate In Over A Year, Reaching 70.6 Percent  CoreLogic Property NewsThere were 901 homes taken to auction across the combined capital cities this week returning a preliminary clearance rate of 70.6 per cent.
Elizabeth Taylor’s Grandson Talks Upcoming Beverly Hills Auction  Hollywood ReporterElizabeth Taylor's grandson Quinn Tivey, a trustee of her estate since 2016, is helping to organize the December auction by Julien's in Beverly Hills.
Milford Family Auctions Titanic Survivors Light-Up Cane  Patch.comFamily Auctions Titanic Survivor's Light-Up Cane - Milford, CT - The cane helped signal help from a lifeboat during the sinking of the Titanic.
Mexico auctions pricey gems, including a $155,000 Piaget diamond watch, seized from drug traffickers  Daily MailA $155000 Piaget men's diamond watch is among 2000 jewelry pieces Mexico is auctioning after confiscating it from the country's most dangerous cartel ...
Inside the World of Expensive Marijuana Bongs - Heritage Auctions Off Functional Glass Art  EsquireOn Monday, three of the most intense bongs you've ever seen will go up for auction at Heritage in Chicago after being displayed at ComplexCon. It's been a long ...
Alabama's property auctions move online  AL.comThe Alabama Department of Economic and Community Affairs is moving its auctions of surplus property online.
Trai refuses to budge on 5G spectrum pricing in upcoming auctions  Business StandardThe Telecom Regulatory Authority of India (Trai) on Monday reiterated its recommendation on spectrum pricing in the upcoming auctions. In response to the ...
Online auctions hook Malaysian seafood lovers, SE Asia News & Top Stories  The Straits TimesFish sold that way is often cheaper than at wet markets and buyers can get cooking tips.. Read more at straitstimes.com.
DDA to launch e-auction of plots for commercial development  The HinduThe Delhi Development Authority will soon be launching an e-auction scheme for multi-use commercial development across the national capital, senior DDA ...
No bidders for city land auction | Galloway Township  Press of Atlantic CityEGG HARBOR CITY – A plan to sell a city-owned commercially-zoned property at 335 Boston Avenue fell through when no bidders appeared at an auction ...
4.37 US¢/kWh Proposed As Maximum Solar Tariff In Indian Auctions  CleanTechnicaJuly 19th, 2019 by Saurabh. Rooftop Solar. Courtesy: MNRE, India. An industry body in India representing solar power developers made a significant proposal ...
Solar at $17.30/MWh in Brazil's auction: is it a world record?  pv magazine InternationalAnalysts have scrutinized the result of the recent A-4 auction which delivered, in theory, the world's lowest price for solar electricity from an energy procurement ...
Tea Board to set minimum auction price,  The HinduTea Board of India is planning to set a floor price for the sale of tea at auctions. It is also planning to take about 100 million kg of tea away from India's output ...
This $2.7 million home in Mark Cuban's Dallas neighborhood is up for auction with no minimum bid—take a look inside  CNBCA home in the same neighborhood where Mark Cuban lives in Dallas, Texas is going to auction on July 20 with no minimum bid required. The home is valued at ...
Online, all the time: Alabama's state property auctions move to internet  Montgomery AdvertiserAlabama's surplus property moves to year-round, online sale, with cars going for as little as $200.
Jyske Realkredit's auctions for October 1st 2019 refinancing Copenhagen Stock Exchange:BRF85 10  GlobeNewswireTo Nasdaq Copenhagen A/S 19th of July 2019. Announcement no.76/2019. Jyske Realkredit's auctions for October 1st 2019 refinancing. Jyske Realkredit plans ...
Sydney auctions: Clearance rate at two-year high but numbers well down year on year  Domain NewsSydney's auction clearance rates are at their highest level in more than two years following the weekend's results. The preliminary clearance rate sat at 78 per ...
Brisbane auctions: Moorooka house sells in three minutes for $720,000  Domain NewsBrisbane's auction market held steady this week, with 55 properties going to auction and a reported clearance rate of 33 per cent, up three points year on year.
Australia home auction clearance rates rise - Business News  The Star OnlineSYDNEY: Tumbling Australian home prices may have found solid ground amid the worst property downturn in a generation as the real estate industry ...
Sotheby's auctions 100 rarest sneakers ever: Moon Shoe to Jeter Air Jordans  New York Post Sotheby's is partnering with Stadium Goods for an online auction of 100 pairs of the rarest sneakers ever produced: From Nike's Moon Shoe to the Adidas NMD ...
Melbourne auction clearance rate nears two-year high, but fewer properties for sale  Domain NewsProperties across the city sold well above their reserve as the clearance rate hit a near two-year high, but the bigger test for the market will come now that school ...
ADECA moves surplus property auctions online  WSFAThe Alabama Department of Economic and Community Affairs announced they will move Alabama's public surplus property auctions to the internet starting this ...
A foray into British automotive history with Silverstone Auctions  Classic DriverA total of 130 cars will be cross the block at Silverstone Auctions on 27 July — and of those, the “Made in England” section alone could fill a history book of iconic ...
Rare Nike 'Moon Shoe' goes up for auction  UPI.comSotheby's sold 99 pairs of rare sneakers in a private sale before a planned auction Monday, leaving "one of the most significant" pairs of shoes as the sole item ...
Tennis legend Boris Becker auctions trophies to pay off debts  LivemintTrophies and personal souvenirs belonging to German tennis star Boris Becker will be auctioned online from Monday by British firm Wyles Hardy to partially ...
SGX seeks price limits on stock auctions after $41 bln flash crash  ReutersSingapore Exchange's regulatory unit is proposing imposing price limits for daily stock auctions to prevent incidents such as the $41 billion flash crash in ...
Pune: Govt auctions disputed land in Katraj for Rs 21.25 lakh  The Indian ExpressDocuments accessed by The Indian Express reveal a curious story behind Shinde's complaint. The land originally belonged to Ajmersingh Lakshmansingh ...
Spectrum auctions in India likely in second half of 2020: Moody's  Economic TimesNEW DELHI: The proposed spectrum auctions in India, which includes radiowaves for 5G technology, are likely to be held only in the second half of 2020 or later ...
Cheap smartphones: $1 million of insurance claim goods up for auction for $1  NEWS.com.auThousands of brand-new items valued at $1 million including smartphones, couches and surfboards are going up for auction starting at just $1 next week on the ...
Rare Books &c. at Auction This Week  Fine Books & Collections MagazineFirst a rescheduling note: Skinner's sale of A Mystic Collection: Early Books, originally planned for July 20, has been moved to Tuesday, July 23. See last week's ...
The Luxury Home Auction Market Is On Fire, But Not For The Reasons You Might Think  ForbesAs the real estate market has slowed over the last year, luxury home auctions have seen incredible growth. But these estates and mansions aren't being ...
U.S. Government Bond Auctions Show Weakness  The Wall Street JournalU.S. Treasury prices fell this week after investors submitted fewer bids than usual at a series of government bond auctions, underscoring the centrality of their ...
Aumann Auctions' Pre-30 Auction Breaks World Record for Tractor Sale  PRNewswireNOKOMIS, Ill., July 16, 2019 /PRNewswire/ -- Aumann Auctions' Pre-30 Auction on April 12-13, 2019, brought total sales of $4.2 million plus set a world record.
5G spectrum auctions: Trai has no logic, best to ignore it  The Financial ExpressGiven this is not the first time Trai has refused to budge from its recommendations—indeed, it just did the same in the case of the Rs 3050 crore penalties on ...
The number of homes offered at the latest auctions was up slightly on the previous week but the sales rate took a dip  Interest.co.nzThere were only slight movements in auction numbers in the week of 7-13 July, with the number of homes being auctioned and the sales rate both remaining at ...
Wine Auction Prices Continue to Climb in the First Half of 2019  Wine SpectatorRiding on the coattails of a highly successful 2018 season, commercial auction houses pulled out all the stops in wine sales in the first half of 2019. On the block ...
Rare KAWS Bus Stop Painting to Lead Landmark Heritage Auctions Sale  HYPEBEASTFollowing its monumental collection of KAWS Companions last year, Heritage Auctions continues to gather sought-after artworks with its forthcoming Urban Art ...
Regulators Eye the Auctions That Decide Which Web Ads You See  The Wall Street JournalWhen you load a website, an electronic auction happens in milliseconds to determine which ads show up on your screen. Now, privacy regulators in Europe are ...
Original NASA Moon-landing videos sell for THIS amount at auction: Details inside  News NationOriginal recordings capturing the stunning moment were on Saturday, exactly 50 years later, sold at auction in New York for a whopping $1.82 million.
The unexpected buyers returning to bid at auction in Melbourne and Sydney  Domain NewsThey\'re the kind of buyers who bid having only seen the property on auction day and they\'re coming back to buy at auctions.
Killing time: The closing auction is eating the trading day  MarketWatchThe closing auction — a window of just five minutes — is becoming the most heavily traded part of the day, a shift that has driven a wedge between investors,...
Brisbane auctions: Exclusive locations set to secure strong prices  Domain NewsWhether it\'s a dream acreage property, an inner city cottage, or a riverfront trophy home, this weekend\'s auctions are shaping up to be big ones.
Spectrum auctions: Govt hopes to garner a modest Rs 30,000 crore  The Financial ExpressThe government has also asked Trai to review the spectrum reserve price because it is seen on the higher side. Trai is yet to respond to the government's ...
Those Poor U.S. Bond Auctions Are Adding Up  BloombergBy any credible measure, the U.S. has become less creditworthy under President Donald Trump. Total debt outstanding has risen by $2 trillion to $22 trillion ...
Biotech unicorns first to go as Neil Woodford auctions assets off suspended fund — report  Endpoints NewsThe inability to meet redemptions — due to a high proportion of illiquid or unlisted assets that just worsened with an exodus of investors that shrunk the fund from ...
Going once, going twice: Luxe restaurant auctions raise money for local food bank  C-VILLE WeeklyBrewing a Charlottesville beer with Champion. A holiday party for 50 at Duner's. The ultimate tailgate party from Maya. These experiences and many more will ...
Garfield Art Heads to Auction  The New York TimesSome of the original artwork for the comic strip, originated by Jim Davis in 1978, is up for grabs starting Tuesday.
NYC taxi medallion prices fall further as mystery auction bidder surfaces  Crain's New York BusinessTaxi medallions might be worth less than ever. But in some ways, there has never been more interest in the troubled asset. Late Wednesday afternoon a bidder, ...
5G spectrum auctions might have a ‘buy now pay later’ scheme  Business Insider IndiaThe government has refused to make 5G spectrum cheaper on the recommendations of the Telecom Regulatory Authority of India (TRAI). The government is ...
Elizabeth Taylor's Personal Effects Will Go to Auction  Architectural DigestBut first, Elizabeth Taylor's collection of jewelry, art, and decor items from her many homes will be on view aboard a luxury cruise ship.
Police search for predator, missing teens found, RV manufacturer auctions off millions: Top Stories of the Week  CTV NewsThe search for a serial child predator, missing Kitchener teens found in Algonquin Park, and a farewell to a longtime CTV Kitchener talent round out the top ...
Bangalore Metro to auction items left behind by commuters  The HinduA unique auction to be held in the city will see bidders hoping to lay their hands on helmets, lunch boxes and umbrellas, among other things. The Bangalore ...
UPDATE 1-Investors buy fewest U.S. 30-year bonds at auction since September  Reuters(Adds background, details). NEW YORK, July 22 (Reuters) - Fund managers purchased the least amount of U.S. 30-year Treasury bonds at an auction in 10 ...
Top 10 Most Expensive Car Auctions  Interesting EngineeringIf you don't think much about cars, there are some people out there who absolutely love them. As these ten of the most expensive cars ever sold at auction will ...
Mandela Day: Cape Town artist auctions Madiba painting to raise funds for childminder  News24A Cape Town-based artist has used international Mandela Day to try to raise funds for her helper via social media.
Auctions clearances pick up as banks lend again  The Australian Financial ReviewInvestors and owner occupiers pushed Sydney's preliminary clearance rate up to 81.5 per cent, its highest more than in 18 months, as they fought over the city's ...
iQuippo organises event on auction of interest rates  Economic TimesThe auction christened 'Paison Ki Nilami' witnessed participation from more than 20 original equipment manufacturers and 1100 equipment owners.
iQuippo conducts interest rate auction for financing infrastructure equipment  BusinessLineiQuippo, a Kanoria Foundation initiative, organised 'Paison Ki Nilami', a simulcast auction of interest rates for facilitating financing of infrastructure equipment.
West Virginia Interstate Fair wraps up with livestock auctions  Parkersburg NewsMINERAL WELLS — The final day of the West Virginia Interstate Fair and Exposition Saturday kicked off with a packed barn for the Junior Livestock Auction.
Becker auctions trophies, raises over £680,000  ESPNFormer Wimbledon champion Boris Becker has raised more than £680000 in an online auction by selling his own memorabilia.
Sydney, Melbourne auction clearance rates hit highest for a year  Sydney Morning HeraldThe housing market showed signs of bouncing back in the June quarter as the auction clearance rate hit a one year high across Australia's capital cities.
20 iron ore mines auctioned till date: Steel Minister Dharmendra Pradhan  Economic Times"As on date, 20 blocks of iron ore have been successfully auctioned with a reserve of 583.057 MT," the minister said.
1898 Riker Electric Car heads to auction in Monterey  New AtlasA pioneer electric car of historical significance is to be auctioned next month. The 1898 Riker won three of America's first car races, a Gold Medal at the 1900 ...
Mexico auctions drug lords' properties, raises $2.9 million  Deutsche WelleSprawling ranches and houses with escape tunnels seized from drug lords have gone under the hammer in Mexico's capital. Some of the properties, including ...
US Treasury yields tick higher as investors await Fed speeches, auctions  CNBCU.S. government debt yields rose Tuesday as investors awaited Fed speeches and a *fresh* batch of economic data. U.S. Markets Overview: Treasurys chart ...
CMA to police coffee auction, brokers as new rules kick in  The Standard[Kibata Kihu, Standard] In a new push to revive the coffee sector, some of the players in the crop's value chain will now fall under the regulation of the Capital ...
Nervous sellers jump the gun on auctions  The Australian Financial ReviewNervous sellers and buyers starved of options are striking deals soon after homes are listed for sale rather than risk going to auction in an unpredictable market.
Why India should delay its 5G spectrum auctions until 2020  Business InsiderA new report shed doubt on India's plan to start 5G spectrum auctions in 2019, instead targeting them for the second half of 2020.
Mormon Gold, Planchet Error SBA Among Highlights of Heritage Auctions' World's Fair of Money Coin Auction  CoinWeekBy Lianna Spurrier for CoinWeek ..... In conjunction with the ANA World's Fair of Money in Chicago, Heritage will be holding an auction from August.
RBI To Conduct Longer Term Variable Rate Reverse Repo Auctions  Business StandardThe Reserve Bank modulates the system liquidity from time to time and undertakes liquidity operations as per requirement. The liquidity in the system has ...
2019 Fall Into Bingo and Chinese Auction  CatholicPhilly.comPosted July 22, 2019. Event Name. 2019 Fall Into Bingo and Chinese Auction. Event Location. EOM Hall, 144 Moore Street, Philadelphia, PA 19148. Start Date ...
'Blacks-only' municipal car auction sparks fury | The Mercury  Independent OnlineDurban - THE eThekwini Municipality has come under fire for its controversial decision to exclude Indians and coloureds from taking part in an official car auction ...
Govt to auction 41 new coal blocks 'very shortly'  Economic TimesResponding to supplementary queries during the Question Hour, Joshi said, "we are going to auction more than 41 new coal blocks very shortly".
DaVita Releases Q2 Earnings as 'Dutch Auction' Commences  HealthLeaders MediaDenver-based DaVita Inc. released its preliminary Q2 earnings report Monday morning as the company commenced with its modified 'Dutch Auction' which will ...
Female Artists With African Backgrounds Are Winners at Phillips Auction in London  The New York TimesPaintings by Lynette Yiadom-Boakye and Marlene Dumas bring in double their estimates, as do others at Christie's and Sotheby's.
AT&T slams CBA's C-Band auction plan as 'fiendishly complex'  FierceWirelessAT&T responded negatively to C-Band Alliance's auction plan for spectrum in the 3.7-4.2 GHz band, contending the proposed format is untested, excessively ...
Drop in Coonoor tea auction volume  BusinessLineA reduced volume of 21.08 lakh kg is being offered for Sale No. 29 of the auctions of Coonoor Tea Trade Association, which will conclude on Friday. This is ...
Hosur to get international flower auction centre  The HinduAn international flower auction centre will be set up at Hosur in Krishnagiri district at a cost of ₹20.20 crore, Chief Minister Edappadi K. Palaniswami told the ...
The First Internet Whisky Cask Auction Is About To Launch  ForbesIt's not the hardest thing in the world to get ahold of a cask full of whisky, though it might require a little digging. Distilleries, especially new ones, sometimes have ...
Broadband forum seeks lower 5G spectrum prices, change in auction design  Economic TimesThe broadband industry bodys comments mirror those of telcos and other associations who have protested against the regulators price points for upcoming 5G ...
Mexico auctions drug lords' properties to fund poor communities  BBC NewsMoney raised from the sale will benefit poor communities but only nine out of 27 properties sold.
India coal supply: PPA auctions could bridge a gap for stressed assets  Power TechnologyIndia coal supply: with more than 10GW of coal power plants sitting idle due to lack of fuel supply, a new PPA auction scheme could help bridge the gap.
Find your dream car in one of these two online auctions  Classic DriverClassic Car Auctions' current online sales are offering more than 120 classic and modern collector cars at fair prices. But if you want to secure your dream car, ...
Aurora Pijuan auctions Miss International crown for Gem-Ver fishermen  RapplerMANILA, Philippines – Aurora Pijuan is auctioning off the Mikimoto crown she won in the 1970 Miss International pageant, and is giving the proceeds to the 22 ...
Superintendent 'heartbroken' about alleged mock slave auction  WWNYFor the first time, the Watertown City School District has publicly acknowledged an alleged mock slave auction at North Elementary.
GRAHAM BUDD AUCTIONS: INTERNET AUCTION OF POLO ART & MEMORABILIA  USPAGraham Budd Auctions proudly present a timed internet auction of over 200 items of polo art and memorabilia in celebration of the one-hundred-and-fiftieth ...
Shopping strip up for auction in Midlothian  RichmondBizSenseA foreclosed building in a Chesterfield retail center is headed to the auction block. The seven-unit building at 2401 Colony Crossing Place in the Colony ...
40% of tea, worth ₹6.50 cr, unsold at Coonoor auction  BusinessLineThe falling trend in the last couple of months at the auctions of the Coonoor Tea Trade Association (CTTA) continued this week with the average price crashing ...
Mansion in Affluent Dallas Suburb Popular With Billionaires Heads to Auction  Mansion GlobalA stone mansion in the middle of a Texas neighborhood known for its high concentration of billionaire residents is headed to auction without reserve later this ...

Importing Products to Sell on eBay

The interesting thing about online buyers is they are extremely... Read More

How Do You Find A Reliable Dropshipping Source?

A Dropshipper is someone who will anonymously send the goods... Read More

When is Wholesale Really Wholesale

You've finally found the wholesale source for the high demand... Read More

How To Convert eBay Surfers into Bidders!

Do you know the phrase "A Call To Action"? Well,... Read More

The Benefits of Buying and Selling Locally

Shop at a flea market in Oaxaca, Mexico. Trade with... Read More

Dropship Your Way to Success

Many people know they would like to start an Internet... Read More

Bananas - Your Source of eBay Packing Materials!

This is the most boring stage of the process and... Read More

How to Double or Even Triple Your Net Profit Selling on eBay

eBay Search tips and secretsThis is an example of how... Read More

The Down Side Of Using Dropshippers In The Ebay Auction Arena!

Ok, let me just say right up front that I... Read More

6 Reasons Why an eBay Business is the Easiest and Safest Home Business to Start

Calling internet auctions an "Entrepreneur's Dream" isn't poetic license or... Read More

Auctions Make Money!

An untapped online business resource--outside of your basic Yahoo and... Read More

Nine Simple eBay Selling Hints

Some of these eBay hints will save you money, others... Read More

Royal Memorabilia ?Smart Trading and Fake Dodging

This is my second article about trading royal memorabilia on... Read More

How To Sell Internationally On eBay Without Risk

Many people just getting started on eBay have reservations when... Read More

How to Sell on eBay Internationally without Risk

eBay allows you the opportunity to sell all over the... Read More

Instructions on How to Put Picture on Ebay

Like many folks, you have heard of online auctions. Heck,... Read More

Making Money On EBay Can Be So Simple, Just Let Somebody Else Do All The Hard Work For You

OK, so you've been bitten by the eBay bug!You've ransacked... Read More

Profitable Paper Piecing on eBay -- Part 2

Basic Paper Piecing TipsHere are some tips that will help... Read More

The Webs Best Online Auction Sites

The best online auction links for buyers and sellers are... Read More

Target Potential Bidders With Laser Beam Precision!

When a potential bidder (customer) is looking at a specific... Read More

Four Huge Mistakes Ebay Sellers Make (Even Some Moderately Successful Ones)

No matter how many times I see it happening, I'mconstantly... Read More

Police Auctions & Government Auctions Professional Resource Information

Police Auctions Information:No, a police auction is not where you... Read More

Drop-ship or U-ship: That is the Question

For small Internet retailers, drop-shipping is one of the best... Read More

What To Do After Your eBay Auction Closes

So your auction closes. Now what?Hopefully you made a sale... Read More

Ebay And Dropshipping, A Marriage Made In Heaven?

eBay is the 'BEST' opportunity you can use right now... Read More