* 27 February 2001-2 March 2001: One Amazing Auction Sale: Four-day public auction with 17, 000 lots of Dome / NMEC items, managed by auctioneer Henry Butcher

In the traditional Dutch auction the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price.

In practice, an auction advertised as " absolute " or " no-reserve " may nonetheless still not sell to the highest bidder on the day, for example, if the seller withdraws the item from the auction or extends the auction period indefinitely, although these practices may be restricted by law in some jurisdictions or under the terms of sale available from the auctioneer.

The auction is " silent " in that there is no auctioneer selling individual items, the bidders writing their bids on a bidding sheet often left on a table near the item.

* Walrasian auction or Walrasian tâtonnement is an auction in which the auctioneer takes bids from both buyers and sellers in a market of multiple goods.

The auctioneer progressively either raises or drops the current proposed price depending on the bids of both buyers and sellers, the auction concluding when supply and demand exactly balance.

Wander near a slave auction, and you'll hear the auctioneer calling.

The McCabes intimidate most of the townspeople out of bidding in the auction, to the chagrin of auctioneer Mick Flanagan, but Galwayman William Dee arrives from England, where he has lived for many years, with his own plan for the field.

Layton first met Olivia Chow in 1985, during an auction at Village by the Grange, in which Jack was the auctioneer and Olivia was the interpreter for the Cantonese language observers.

It may be significant that in Johann Zoffany's portrait of Robert Baddeley as Moses, we find that " Under his arm Moses holds a rolled parchment of the Surface family tree that is used as an auction hammer, and he seems to be ticking off pictures in the catalogue ," although in the play Careless is the auctioneer in the relevant scene ( IV. 1 ) and Moses has a relatively minor role.

Working as an auctioneer in Connecticut, Carrell thought to run an antique show like an outdoor auction, only forgoing the tent, because fire hazards were too expensive to insure.

Notably, the lender itself can bid for the property at the auction, and is the only bidder that can make a " credit bid " ( a bid based on the outstanding debt itself ) while all other bidders must be able to immediately present the auctioneer with cash or a cash equivalent like a cashier's check.

A Dutch auction is a type of auction in which the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price, or a predetermined reserve price ( the seller's minimum acceptable price ) is reached.

Esmé sends the children and Jerome to Café Salmonella for dinner, because she will be busy privately discussing arrangements for an auction with trendy auctioneer Gunther.

After the contestants have completed their purchases and presented them to the host, home viewers are shown a " what the auctioneer thinks " segment in which the auctioneer appraises the buys and gives the auction estimate.

Samuel Christie is the son of one James Christie, although this was almost certainly not the auctioneer James Christie ( founder of the great auction house ).

He had a small auction house near the Chicago River and by the following year had formed a partnership with the Brown Brothers, which allowed him to become a leading land speculator and auctioneer.

Michael Felgate ( Hugh Grant ), is a British auctioneer, living in New York where he mananges the Cromwell auction house.

* William Butterfield ( auctioneer ), founder of auction house Butterfield & Butterfield

Despite his market innovations, he always sought more income, not only through related work as an art dealer and auctioneer but also by speculating in tulips and real estate.

The widespread recourse to the auctioneer tale appears to have favored an interpretation of perfect competition as meaning price taking always, i. e. also at non-equilibrium prices ; but this is rejected e. g. by Arrow ( 1959 ) or Mas-Colell et al.

After her birth her father began working to regain the family wealth, first with a job as an auctioneer and later with a job that he obtained with the railroad by using old contacts from his work as a contractor.

Sometimes the auctioneer sets a minimum amount by which the next bid must exceed the current highest bid.

Hazlitt was unaware that the sale had been salted with many lots inserted by Phillips the auctioneer, that had never passed Beckford's muster: " I would not disgrace my house by Chinese furniture ," he remarked later in life.

In 1811, Hone was employed by the booksellers as auctioneer to the trade, and had an office in Ivy Lane.

" Goad utilizes wit and a style of prose described as " machine gun delivery ," which reads in a fast paced manner, like " it was written by an angry auctioneer on XTC.

Two other collectors, Novice and Lord Dupe, claim to be able to determine the age and value of coins and medals by tasting them while Puff, an auctioneer, convinces them and Sir Positive Bubble that broken china and statuary are worth far more than perfect pieces.

He is a freelance auctioneer and runS ' The Green Room ', described as " London's most unusual charity shop ", which is owned by Barnet Green Co-op Ltd and found on Archway Road in North London.

In live terms, English auctions are where bids are announced by either an auctioneer or by the bidders and winners pay what they bid to receive the object.

* 1751 ; The first significant catalogue was by the Paris art auctioneer, Edme-François Gersaint.

Billpoint was the name of a person-to-person money transfer service founded in 1998 and purchased in 1999 by online auctioneer eBay.

He was spotted by Plymouth Argyle, and signed for the Pilgrims as an amateur in 1926 ; he still worked as an auctioneer in his day job.

A Walrasian auction, introduced by Léon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible price and submits this to an auctioneer.

Prices are announced ( perhaps by an " auctioneer "), and agents state how much of each good they would like to offer ( Supply ) or purchase ( demand ).

Pennsylvania auctioneer John Fries organized meetings, starting in February 1799, to discuss a collective response to the tax.

In these cases a set ' reserve ' price known to the auctioneer, but not necessarily to the bidders, may have been set, below which the item may not be sold.

For example, the Cournot duopoly model is based on an institution involving an auctioneer who sells all goods at the market-clearing price.

When the auctioneer asked Gazpromneft to offer its price, a representative of the company asked to make a telephone call and left the room.

When questioned about the high price which the medal fetched, the auctioneer replied " When one buys a gallantry medal, it is not just the medal one buys, but the act that won it.

The items are auctioned, usually without a reserve price, and the resulting amount ( less auctioneer fees ) is paid to the creditor.

If an auction is without reserve then whilst there is no contract of sale between the owner of the goods and the highest bidder ( because the placing of goods in the auction is an invitation to treat ) there is a collateral contract between the auctioneer and the highest bidder that the auction will be held without reserve ( i. e., that the highest bid, however low, will be accepted ).