1. Auction Catalog

A An auction catalog is a catalog that lists items to be sold at an auction by the auctioneer. Auction catalogs for rare and expensive items, such as art, jewelry, postage stamps, and antique furniture, are of interest in and of themselves, for they...

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2. Candle Auction

Candle Auction Candle auction was used from about 1490 to 1893 and is occasionally used even today for ceremonial purposes (and on-line). After 1674 the Candle auction was gradually replaced by the English auction in most cases. Both types of...

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3. Spectrum Auction

Spectrum auctions in which companies bid on licenses to use portions of the electromagnetic spectrum. Here, the uncertainty would come from, for example, estimating the value of the cell phone market in New York City. IPOs, in which bidders need to...

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4. Winners Curse

The winner's curse is a phenomenon akin to a Pyrrhic victory that occurs in common value auctions with incomplete information. In short, the winner's curse says that in such an auction, the winner will tend to overpay. However, an actual overpayment...

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5. Auction Theory

Auction theory is an applied branch of game theory which deals with how people act in auction markets and researches the game-theoretic properties of auction markets. There are many possible designs (or sets of rules) for an auction and typical...

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6. Car Dealer Auctions

A Car dealer auction is a specialized form of auction. Millions of vehicles are sold at dealer auto auctions every year. These auctions are restricted for the general public and only licensed dealers can participate. Prices of vehicles sold at...

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7. Consignor

The consignor, in a contract of carriage, is the person sending a shipment to be delivered whether by land, sea or air. Some carriers, such as national postal entities, use the term "sender" or "shipper" but in the event of a legal dispute the...

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8. Consignee

MOV040 A brief statement of law This is a difficult area of law in that it regulates the mass transportation industry which cannot always guarantee arrival on time or that goods will not be damaged in the course of transit. A further...

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9. Auction Chant

Auction chant is a rhythmic repetition of numbers and "filler words" spoken by an auctioneer in the process of conducting an auction. The auction chant is a repetition of two numbers at a time which indicate the monetary amount involved with the...

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10. Auction School

Auction school Auction School refers to an institution or course of study that prepares one to practice auctioneering or trains one to become an auctioneer. Many U.S. states require that an individual attend an approved auction school in order to...

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