Tip 1: What is an English auction
Tip 1: What is an English auction
Sales transactions are made daily andeverywhere. Usually the buyer purchases goods with a clearly fixed price. However, there are auctions - this is such an economic transaction where the declared price often does not coincide with the final price of the purchase of the goods.
What is an auction?
The auction is the public sale of goods,securities, property of enterprises, works of art and other objects. This sale is conducted according to established rules. The main principle of the auction is its competitiveness between buyers. In the course of bidding, buyers struggle for the right to purchase goods, offering their prices for the selected product. The criterion for determining the winner is the price. Once the winner of the match is determined, the object of the auction is declared sold. Auctions existed during the Roman Empire and, as a rule, were held after military victories. The very term "auction" comes from the English word auctionis, which means "increase" or "growth".What is an English auction?
There are eight main types of auctions. Of these, the most common and famous is the English auction. It is also called direct. The principle of this auction is based on the establishment of a minimum price, the so-called "starting". It is the starting point for further trades, during which traders among themselves gradually increase it. All incoming proposals are publicly announced. The final price is the price formed in the bidding process and is the maximum bid for the object of bidding. The duration of a direct auction is fixed or the bids continue until the receipt of new bids. However, there is a concept of a reserve price, that is, the minimum cost for which the seller agrees to sell the goods. If during the auction it remains unreached, the goods are not sold. There are two varieties of the English auction - direct and reverse. At a direct auction, prices rise according to the offer of the leading auction or at the request of the auction participants. The winner is the buyer who offered the maximum price. At such auctions, as a rule, they sell unique goods, for example, second-hand items, collectables, wines and much more. In the reverse auction, the buyer sets the starting price. And it is equal to the maximum price at which he agrees to purchase this product. And in this type of bidding, sellers compete, competing with each other. They make offers to the buyer. In this case, the price goes down, but does not go up. This continues until there is a seller ready to sell their goods at such a price.Tip 2: How to win a Scandinavian auction
In addition to the traditional form auctions there is also the so-called Scandinavian - heprovides for payment for each bet. There are special methods of bidding, allowing you to win in such an auction, subject to the necessary conditions.
Instructions
1
Specify the specifics of the Scandinavian auction. This will help you win it. In addition, that every bid in such an auction is paid, it is still usually limited in time. But the next bet increases its duration. Thus, the auction organizer receives income not only from the last, the highest bid, but from all participants.
2
Learn the conditions of a specific auction - its specified duration, fixed size and the cost of the bet. This will help you to formulate your strategy.
3
Since such auctions are usually held onInternet, try to participate in them at a time when the players at least. Sometimes it can be tracked on the site itself by studying the statistics of attendance, in other cases it is better to choose the time when visitors to the Internet in the regions to which the auction is distributed are the least. This is an early morning, and also an evening at the end of the working day, when most people are not on the computer, but on the road.
4
Try not to bet at the very beginning, as they will be blocked by other participants. Postpone your entry into the game at the end of the auction, so you will save on paying bets.
5
Use auto mode if possibleat a particular auction site. In this case, the system will automatically bet for you if your previous result was blocked by another participant. This mode is best used when there are a few seconds left before the auction ends. You can also use this mode in the middle of the auction to prove to other players the seriousness of the intentions and force them to give up their positions in advance.
6
If the trade on one resource is maintained forseveral lots at a time, choose less expensive and popular. In this case, you will have fewer rivals, and you will be able to buy it at a cost well below the market price.
Tip 3: When the eBay auction opens a Russian office
Rumors that eBay, the operator of the leadinga global trading platform on-line, will open its representative office in Russia have been going for about two years. Today it is declared almost officially.
