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The Various Types of Auctions

Auction is a practice of purchasing and vending of services or goods by placing them for tender, taking tender, and then selling the article to the person offering the maximum price. The open rising price auction is perhaps the common method of auction these days. Log On : http://www.jumblebee.co.uk/<br>

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The Various Types of Auctions

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  1. The Various Types of Auctions www.jumblebee.co.uk

  2. Auction is a practice of purchasing and vending of services or goods by placing them for tender, taking tender, and then selling the article to the person offering the maximum price. The open rising price auction is perhaps the common method of auction these days. www.jumblebee.co.uk

  3. Charity auctions: It is useful in serving a person or a group who requires help. Charity auctions are beneficial to youth foundations, raise fund for medical research, to generate scholarship opportunities and aid several other organisations. • Fundraising auction: They are alternative method to raise cash for any reason. It can take several diverse forms and it simply fits into additional fundraising occasions. www.jumblebee.co.uk

  4. Fundraising auctions have at all times been general method for charities to increase funds. • Silent auction: In these types of auction the bidders give in sealed proposals for the things. The bidders with the highest offering at a given time win the bid. • A well-known variant for this is the silent bid list. The item with a list is attached and anyone willing can enter their name and offer on the list. Usually popular items draw several offers and any person can increase the bid by adding their name to the list. www.jumblebee.co.uk

  5. Online auction: Development in technology specially the digital media has also seen an increase in online auctions as many non- profit organisations use this digital platform to raise fund for their charity. • Online charity auction permit NGO’s to raise more funds in short span of time. They are good option for promoting their cause and raising their framework. www.jumblebee.co.uk

  6. Jumblebee 30 Brecknock Rd, Holloway, Winchester, Hampshire N7 0DD, United Kingdom +44 7837 370928. www.jumblebee.co.uk

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