Author Topic: Do you really have to be the highest bids?  (Read 392 times)

Offline SpinningGoofy

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Do you really have to be the highest bids?
« on: November 13, 2013, 04:06:11 PM »
What types of auctions through online that produces the highest bids? I feel like going to an auction today, I think it’s *n.
« Last Edit: November 13, 2013, 04:06:11 PM by Guest »
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Offline SpinningQueening

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Re: Do you really have to be the highest bids?
« Reply #1 on: November 13, 2013, 04:17:37 PM »
There are two types of auctions: Absolute Auction and Reserve Auction. In an Absolute auction, property is sold to the high bidder regardless of price, while in a Reserve Auction, the seller reserves the right to accept or reject the highest bid over his or her reserve price.
« Last Edit: November 13, 2013, 04:17:37 PM by Guest »
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Offline PredefeatGreat

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Re: Do you really have to be the highest bids?
« Reply #2 on: November 19, 2013, 10:27:04 PM »
Which one is a better, Reserve auction or Absolute Auction? I reserve one item through online and based on your explanation, the seller has the right to reject any reservations.
« Last Edit: November 19, 2013, 10:27:04 PM by Guest »
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Offline Doll777

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Re: Do you really have to be the highest bids?
« Reply #3 on: November 04, 2013, 07:30:03 PM »
I think the absolute auction is better because you will be able to sell your product in the highest price possible, but of course people would check the product first if it is authentic and its worth buying. If it has all these qualities, then be prepared to sell your product and be instantly rich. Most items that were being sold in absolute auctions are jewelries and paintings.
« Last Edit: November 04, 2013, 07:30:03 PM by Guest »
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