What is meant by ‘Auction Sale’?
Answers
Answer:
I am go to the lotus lake drinking water.
Answer:
The auction sale is a public sale, where for buying goods, the buyers have to bid goods. Ultimately, the highest bidder gets the good in the auction. The auctioneer brings an end to the auction by announcing that the auction is complete by banging a hammer on the table.
Explanation:
An auction can be held within days of deciding to sell, and assuming the reserve price is met, the sale will almost always result in a closing because bidders need financing in place in order to bid, and the deposit due from the winning bidder is non-refundable. Sometimes, all bidders must present a cashier's check to cover the deposit, and at the conclusion of the auction, all but the winning bidder get their checks back.