Related topics: mobile

Verizon Wireless Plans to Offer 4G Capability Next Year

(PhysOrg.com) -- In today's world, we want our information to travel faster. This is especially true as smart phones take over and we become used to using smaller devices to accomplish more while we are away from home. Verizon ...

Einstein note on happy living sells for $1.56 million

A note that Albert Einstein gave to a courier in Tokyo briefly describing his theory on happy living sold at auction in Jerusalem on Tuesday for $1.56 million, the auction house said.

NYC auction offers 125 meteorites for sale

A New York City auction will offer 125 meteorites for sale, including a large chunk of the moon and a 179-pound (81-kilogram) iron cosmic rock that evokes Edvard Munch's iconic painting "The Scream."

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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