logoSign upLog in
Auctions - beBee

Auctions

~ 100 buzzes
A place to discuss issues related to auctions and auctioneering.

Auctions are a method of trade where the price to be paid for items is determined by competitive bidding, rather than their being bought at a fixed price, by barter or by bargaining.

The best known types of auction are probably the English Auction and the Dutch Auction, with the English Auction, an open price ascending auction, being arguably the type most people think of when they hear the word 'auction'
Buzzes
  1. Aleta Curry

    Aleta Curry

    09/06/2016
    I have been following the adventures of this special pink diamond with interest, because it is such a unique item. It was sold for a record price, then the buyer defaulted, now the auction house, Sotheby's, is apparently going to share ownership with two private parties. Interesting!
    Aleta Curry
    Diamonds.net - Sotheby’s Shares Ownership of ‘$72M’ Pink Diamond
    www.diamonds.net RAPAPORT... Sotheby’s teamed up with two other firms to collectively own the Pink Star diamond, which has been valued at $72 million. In November 2013, the oval mixed cut, 59.60-carat, fancy vivid pink, internally flawless stone was sold to...
    Relevant

    Comments

    Aleta Curry
    09/06/2016 #2 Aleta Curry
    #1 You ain't the only one, @Cat Gal U.!
    Cat Gal U.
    09/06/2016 #1 Cat Gal U.
    I'm in love
  2. Aleta Curry

    Aleta Curry

    08/06/2016
    Auctions are a method of trade involving payment by competitive bidding, rather than at a fixed price, barter or bargaining.

    The best known types of auction are probably the English Auction and the Dutch Auction, with the English Auction, an open price ascending auction, being arguably the type most people think of when they hear the word 'auction'.
    Aleta Curry
    Relevant
  3. ProducerAleta Curry

    Aleta Curry

    07/06/2016
    Should Auction Houses Have to Reveal Seller’s Identities?
    Should Auction Houses Have to Reveal Seller’s Identities?Several years back, there was discussion in the American media on proposals to force auction houses to reveal the names of sellers placing items for auction. I seem to recall that there was legislation passed in New York in 2012 that would have...
    Relevant

    Comments

    Aleta Curry
    07/06/2016 #4 Aleta Curry
    #2 That's an idea, @Cat Gal U. - I don't know if it could be practically doable, but it might be worth a shot!
    Aleta Curry
    07/06/2016 #3 Aleta Curry
    #1 Yes, the traffic in stolen goods is a problem all over, @Dean Owen. The antiques community is much smaller here, so if something really important and well-known were stolen and then presented for auction I think word would get around, but a situation such as you describe could certainly happen.
    Cat Gal U.
    07/06/2016 #2 Cat Gal U.
    Hi Aleta! Just shared it I don't know what would be right or wrong. Maybe there should be a judging depending on the type of object but I don't know if it would be possible. Maybe by making up some classifications.
    Dean Owen
    07/06/2016 #1 Dean Owen
    A very good topic @Aleta Curry. Someone I know had a very expensive and highly collectable watch stolen. He filed police reports and spread word amongst the watch forums that the watch had been stolen, listing the serial number and all. Then he discovered the watch had been sold through an Antiquorum auction. After numerous complaints at the lack of due diligence, the auction house returned the stolen watch to the seller and refused to disclose their identity. http://quillandpad.com/2016/03/30/shady-dealings-antiquorum-and-the-stolen-a-lange-sohne-anniversary-watch-no-185500-2/