English auction
id:
english-auction-289-14698133
title:
English auction
text:
An English auction is an open-outcry ascending dynamic auction. It proceeds as follows. The auctioneer opens the auction by announcing a suggested opening bid, a starting price or reserve for the item on sale.
Then the auctioneer accepts increasingly higher bids from the floor and sometimes from other sources, for example online or telephone bids. The auctioneer usually determines the minimum increment of bids, often making them larger as bidding reaches higher levels.
The highest bidder at any
brand slug:
wiki
category slug:
encyclopedia
description:
Type of dynamic auction
original url:
https://en.wikipedia.org/wiki/English_auction
date created:
date modified:
2024-03-28T15:01:48Z
main entity:
{"identifier":"Q1626270","url":"https://www.wikidata.org/entity/Q1626270"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/f/ff/Microcosm_of_London_Plate_006_-_Auction_Room%2C_Christie%27s_%28colour%29.jpg","width":1776,"height":1334}
fields total:
13
integrity:
15