In an ordinary auction (also known as a forward auction), buyers compete to obtain a good or service by offering increasingly higher prices.

In a typical auction the seller offers an item which they wish to sell.

Eight publishers competed for the rights to publish Twilight in a 2003 auction.

There are no definitions of the terms electronic , reverse , and auction provided for in the draft articles of the Model Law.

In business, the term most commonly refers to a specific type of auction process (also called procurement auction, e auction, sourcing event, e sourcing or eRA, eRFP, e RFO, e procurement, B2B Auction) used in government or private sector procurement.

So, what I thought I'd do is in honor of Emmanuel is, what I can do is to launch today the first TED Global auction.

Just in time, a set of economists got there and said, Why not try an auction? It'll reveal the value.

Those pieces not retained by the museum are included in a Rejection Collection that may be sold at auction.

This type of auction is convenient when it is important to auction goods quickly, since a sale never requires more than one bid.

On May 12, 2008, a foreclosure auction for the ranch was canceled after an investment company, Colony Capital LLC, purchased the loan, which was in default.

They come there, many times their parents you can't see it, but there's a church pew that I bought in a Berkeley auction right there the parents will sometimes watch while their kids are being tutored.

The Singapore Guidelines (see above, footnote 20), section 3.1.1(d) and (e), require participants to sign a bidding license agreement, and to undergo a training session as a precondition for participation in ERA.

Once a member, a bidder can participate in any ERA advertised through that system without any additional registration or pre qualification.

At what many perceived to be a rigged auction, the company s best assets were sold off to a previously unknown bidder and are now back in the hands of the Russian state.

So why was the Hirst auction such a success? In part, because the art involved was far from being unintelligible.

Augmented grammar Before the transitions between the different states are determined, the grammar is augmented with an extra rule (0) S Ewhere S is a new start symbol and E the old start symbol.

In August 2007, police in Karachi, Pakistan discovered and defused a car bomb located outside a shopping centre where, hours later, the final Harry Potter novel was scheduled to go on sale.

Every single Treasury auction, at which the market gobbles up huge new tranches of US Treasury debt at high prices, belies the argument that the economy has too much debt.

Mata uncovers a plan to sell compromising photographs of military leaders from the US, USSR, China and Great Britain at an art auction , another scheme Le Chiffre hopes to use to raise money Mata destroys the photos.

Today, a man named Said Abdul Ghafour Khouri has agreed to pay AED 52.2 Million (US 14.3 Million) for Abu Dhabi license plate labeled 1 at an auction at the 7 star Emirates Palace Hotel here, making it the world's most expensive license plate, reports Fahad Inc from the UAE.

To speed things up, after the default was declared in December 2008, Ecuador completed the buyback with an inverse auction for the remaining bondholders, to be settled in cash rather than a regular exchange in which the legality of undercover purchases was likely to be questioned.