Related topics: mobile

Aquarium to auction off chance to name 3 beluga whales

A Connecticut aquarium plans to auction off the chance to name three of its five recently arrived beluga whales to raise money for their care and to offset the cost of transporting them from Canada.

Trip to space with Jeff Bezos sells for $28 mn

A mystery bidder paid $28 million at auction Saturday for a seat alongside Jeff Bezos on board the first crewed spaceflight of the billionaire's company Blue Origin next month.

Handwritten example of famous Einstein equation gets $1.2M

A letter written by Albert Einstein in which he writes out his famous E = mc2 equation has sold at auction for more than $1.2 million, about three times more than it was expected to get, Boston-based RR Auction said Friday.

American duo wins Nobel Economics Prize for work on auctions

US economists Paul Milgrom and Robert Wilson won the Nobel Economics Prize on Monday for work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies, the Nobel ...

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Auction

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 highest bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.

There are several variations on the basic auction form, including time limits, minimum or maximum limits on bid prices, and special rules for determining the winning bidder(s) and sale price(s). Participants in an auction may or may not know the identities or actions of other participants. Depending on the auction, bidders may participate in person or remotely through a variety of means, including telephone and the internet. The seller usually pays a commission to the auctioneer or auction company based on a percentage of the final sale price.

This text uses material from Wikipedia, licensed under CC BY-SA