A. Goods for auction sales
B. Definition of bidding
C. Way to sell more goods by auction
D. Auction sales in history
E. Brief introduction to autions
F. Making a larger profit as an auctioneer
1.
Acutions are public sales of goods, conducted by an officially aproved auctioneer.
He aske the crowd assembled in the auction-room to make offers, or" bids", for the various items on sale. He encourages buyers to bid highter figures and finally names the highest bidder as the buyer of the goods. This is caled" knocking down" the goods, for the bidding ends when the auctioneer strikes a small hammer on a table at which he stands.
2.
The ancient Roman probably invented sales by auction, and the English word comes from the Latin auction, meaning "increase". The Romans usually sold in this way the goods taken in war. In England in the eighteenth and nineteenth centuries,goods were often sold "by the candle", a short candle was lit by he auctioneer, and bids could be made while it stayed alight.
3.
Practically all goods whose qualities vary are sold by auction. Among these are coffee, skins, wool, tea, furs, silk and wines. Auction sales are also usual for land and property, furniture, pictures, rare books, old china and similar works of art.
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