Auction By The Candle
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Auction By The Candle
A candle auction, or auction by the candle, is a variation on the typical English auction that became popular in the 17th and 18th centuries.R.W. Patten. "Tatworth Candle Auction." ''Folklore'' 81, No. 2 (Summer 1970), 132-135 In a candle auction, the end of the auction is signaled by the expiration of a candle flame, which was intended to ensure that no one could know exactly when the auction would end and make a last-second bid. Sometimes, other unpredictable processes, such as a footrace, were used in place of the expiration of a candle. Auction by the candle was known in England by 1641, when it is mentioned in the records of the House of Lords.William S. Walsh ''A Handy Book Of Curious Information Comprising Strange Happenings in the Life of Men and Animals, Odd Statistics, Extraordinary Phenomena and Out of the Way Facts Concerning the Wonderlands of the Earth.'' Philadelphia: J.B. Lippincott Co., 1913. 63-64. The practice rapidly became popular, and in 1652, John Milton wrot ...
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English Auction
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, consisting of buyers with an interest in the item. The auctioneer usually determines the minimum increment of bids, often making them larger as bidding reaches higher levels. * The highest bidder at any given moment is considered to have the standing bid, which can only be displaced by a higher bid from a competing buyer. * If no competing bidder challenges the standing bid within the time allowed by the auctioneer, the standing bid becomes the winner, and the item is sold to the highest bidder at a price equal to their bid. *If no bidder accepts the starting price, the auctioneer either begins to lower the starting price in increme ...
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Candle
A candle is an ignitable wick embedded in wax, or another flammable solid substance such as tallow, that provides light, and in some cases, a fragrance. A candle can also provide heat or a method of keeping time. A person who makes candles is traditionally known as a chandler. Various devices have been invented to hold candles, from simple tabletop candlesticks, also known as candle holders, to elaborate candelabra and chandeliers. For a candle to burn, a heat source (commonly a naked flame from a match or lighter) is used to light the candle's wick, which melts and vaporizes a small amount of fuel (the wax). Once vaporized, the fuel combines with oxygen in the atmosphere to ignite and form a constant flame. This flame provides sufficient heat to keep the candle burning via a self-sustaining chain of events: the heat of the flame melts the top of the mass of solid fuel; the liquefied fuel then moves upward through the wick via capillary action; the liquefied fuel fina ...
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Footrace
Running is a method of terrestrial locomotion allowing humans and other animals to move rapidly on foot. Running is a type of gait characterized by an aerial phase in which all feet are above the ground (though there are exceptions). This is in contrast to walking, where one foot is always in contact with the ground, the legs are kept mostly straight and the center of gravity vaults over the stance leg or legs in an inverted pendulum fashion.Biewener, A. A. 2003. Animal Locomotion. Oxford University Press, US. books.google.com/ref> A feature of a running body from the viewpoint of spring-mass mechanics is that changes in kinetic and potential energy within a stride occur simultaneously, with energy storage accomplished by springy tendons and passive muscle elasticity. The term running can refer to any of a variety of speeds ranging from jogging to sprinting. Running in humans is associated with improved health and life expectancy. It is assumed that the ancestors of humanki ...
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John Milton
John Milton (9 December 1608 – 8 November 1674) was an English poet and intellectual. His 1667 epic poem ''Paradise Lost'', written in blank verse and including over ten chapters, was written in a time of immense religious flux and political upheaval. It addressed the fall of man, including the temptation of Adam and Eve by the fallen angel Satan and God's expulsion of them from the Garden of Eden. ''Paradise Lost'' is widely considered one of the greatest works of literature ever written, and it elevated Milton's widely-held reputation as one of history's greatest poets. He also served as a civil servant for the Commonwealth of England under its Council of State and later under Oliver Cromwell. Writing in English, Latin, and Italian, Milton achieved global fame and recognition during his lifetime; his celebrated ''Areopagitica'' (1644), written in condemnation of pre-publication censorship, is among history's most influential and impassioned defences of freedom of ...
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Samuel Pepys
Samuel Pepys (; 23 February 1633 – 26 May 1703) was an English diarist and naval administrator. He served as administrator of the Royal Navy and Member of Parliament and is most famous for the diary he kept for a decade. Pepys had no maritime experience, but he rose to be the Chief Secretary to the Admiralty under both King Charles II and King James II through patronage, diligence, and his talent for administration. His influence and reforms at the Admiralty were important in the early professionalisation of the Royal Navy. The detailed private diary that Pepys kept from 1660 until 1669 was first published in the 19th century and is one of the most important primary sources for the English Restoration period. It provides a combination of personal revelation and eyewitness accounts of great events, such as the Great Plague of London, the Second Dutch War, and the Great Fire of London. Early life Pepys was born in Salisbury Court, Fleet Street, London, on 23 Febru ...
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Lloyd's Coffee House
A 19th-century drawing of Lloyd's Coffee House Lloyd's Coffee House was a significant meeting place in London in the 17th and 18th centuries. It was opened by Edward Lloyd (c. 1648 – 15 February 1713) on Tower Street in 1686. The establishment was a popular place for sailors, merchants and shipowners, and Lloyd catered to them by providing reliable shipping news. The shipping industry community frequented the place to discuss maritime insurance, shipbroking and foreign trade. The dealings that took place led to the establishment of the insurance market Lloyd's of London, Lloyd's Register and several related shipping and insurance businesses. The coffee shop relocated to Lombard Street in December 1691. Lloyd had a pulpit installed in the new premises, from which maritime auction prices and shipping news were announced. Candle auctions were held in the establishment, with lots frequently involving ships and shipping. From 16961697 Lloyd also experimented with publishing ...
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Tradition
A tradition is a belief or behavior (folk custom) passed down within a group or society with symbolic meaning or special significance with origins in the past. A component of cultural expressions and folklore, common examples include holidays or impractical but socially meaningful clothes (like lawyers' wigs or military officers' spurs), but the idea has also been applied to social norms such as greetings. Traditions can persist and evolve for thousands of years—the word ''tradition'' itself derives from the Latin ''tradere'' literally meaning to transmit, to hand over, to give for safekeeping. While it is commonly assumed that traditions have an ancient history, many traditions have been invented on purpose, whether that be political or cultural, over short periods of time. Various academic disciplines also use the word in a variety of ways. The phrase "according to tradition", or "by tradition", usually means that whatever information follows is known only by oral tradition, ...
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Chedzoy, Somerset
Chedzoy (alternatively Chedzey) is a civil parish village east of Bridgwater in the Sedgemoor district of Somerset. History The village is at the western end of King's Sedgemoor and lies on an 'island' of Burtle marine sands, close to King's Sedgemoor Drain. The area was settled possibly in the Mesolithic period, and timber trackways from the 3rd to 1st millennium B.C. provided routes to other settlements on the Somerset Levels. Roman artifacts have been found in the parish. The village is very close to the site of the 1685 Battle of Sedgemoor. The name of the village is pronounced "Chidgey" or "Chedzey", and derives its name from being Cedd's Island. The "zoy" part of the name being derived from ''eg'' or ''ieg'' meaning island. Governance The parish council has responsibility for local issues, including setting an annual precept (local rate) to cover the council's operating costs and producing annual accounts for public scrutiny. The parish council evaluates local plan ...
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Tatworth
Tatworth is a village south of Chard in the South Somerset district of the county of Somerset, England. It is within Tatworth and Forton civil parish, and the electoral ward of the same name. Tatworth is a large village, consisting of a number of smaller villages including South Chard, Perry Street and Chard Junction which are close together. The hamlet of Forton lies to the north, towards Chard. History A white lias limestone Roman tessera measuring x x and regularly cut on two faces was found in the area, and may be connected with the remains of a Roman villa or farmhouse by St Margaret's Lane. Part of this building was excavated in 1967 and pottery and paving found there are displayed in the Chard Museum. The name of the village comes from the Old English ''tat'' and ''worp'' meaning 'A cheerful farm'. In 1254, the spelling was Tattewurthe and was a sub-manor of Chard. In 1554 Thatteworh was granted to William Petre as the 'manor and park of Tatworthy' and remained i ...
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Leigh, Dorset
Leigh () is a village and civil parish in the county of Dorset in southern England, situated approximately south-southwest of Sherborne. It is known as the site of a former Miz Maze. In the 2011 census the parish had a population of 480. History One mile southeast of the village is a 10-acre enclosure called 'The Castle'. The physical remnants on the ground indicate the previous existence of a castle here, although there are no historical records for the site. Leigh has a village cross with a shaft dating from the 15th century. The parish church, dedicated to St Andrew, was previously a chapel of neighbouring Yetminster. It also dates from the 15th century, though was substantially altered—including the virtual rebuilding of the chancel—in 1854. Miz Maze In a field just south of the village are the remains of a turf labyrinth or "Miz Maze", an earthwork of uncertain origin that, centuries ago, may have been used for rituals and as a meeting place. The labyrinth was laid ...
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Bourne, Lincolnshire
Bourne is a market town and civil parish in the South Kesteven district of Lincolnshire, England. It lies on the eastern slopes of the limestone Kesteven Uplands and the western edge of the Fens, 11 miles (18 km) north-east of Stamford, 12 miles (19 km) west of Spalding and 17 miles (27 km) north of Peterborough. The population at the 2011 census was 14,456. A 2019 estimate put it at 16,780. History The Ancient Woodland of Bourne Woods is still extant, although much reduced. It originally formed part of the ancient Forest of Kesteven and is now managed by the Forestry Commission. The earliest documentary reference to ''Brunna'', meaning stream, is from a document of 960, and the town appeared in Domesday Book of 1086 as ''Brune''. Bourne Abbey, (charter 1138), formerly held and maintained land in Bourne and other parishes. In later times this was known as the manor of Bourne Abbots. Whether the canons knew that name is less clear. The estate was given by the founder of t ...
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Online Auction
An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. Similar to in-person auctions, online auctions come in a variety of types, with different bidding and selling rules. In 2002, online auctions were projected to account for 30% of all e-commerce, indicating large growth for the sector. There are three primary markets for online auctions: business to business (B2B), business to consumer (B2C), and consumer to consumer (C2C). The largest consumer-to-consumer online auction site is eBay, which is growing in popularity because it is a convenient, efficient, and effective method for buying and selling goods. Despite the benefits of online auctions, the anonymity of the internet, the large market, and the ease of access makes auction fraud easier online than in traditional auctions. , online auction fraud was the most common type of internet fraud. History Online auction ...
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