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No-reserve Auction
A no-reserve auction (NR), also known as an absolute auction, is an auction An auction is usually a process of Trade, buying and selling Good (economics), goods or Service (economics), services by offering them up for Bidding, bids, taking bids, and then selling the item to the highest bidder or buying the item from th ... in which the item for sale will be sold regardless of price. From the seller's perspective, advertising an auction as having no reserve price can be desirable (but risky) because it potentially attracts a greater number of bidders due to the possibility of a bargain. If more bidders attend the auction, a higher price might ultimately be achieved because of heightened competition from bidders. This contrasts with a ''reserve auction'', where the item for sale may not be sold if the final bid is not high enough to satisfy the seller. In practice, an auction advertised as "absolute" or "no-reserve" may nonetheless still not sell to the highest bidder on the day ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Auction
An auction is usually a process of Trade, buying and selling Good (economics), goods or Service (economics), services by offering them up for Bidding, bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different #Types, types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history. Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically. Auctions are applied for trade in diverse #Contexts, contexts. These contexts include antiques, Art auction, paintings, rare collectibles, expensive wine auction, wines, commodity, commodities, l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ocala, Florida
Ocala ( ) is a city in and the county seat of Marion County, Florida, United States. Located in North Central Florida, the city's population was 63,591 as of the 2020 United States census, 2020 census, up from 56,315 at the 2010 census and making it the List of municipalities in Florida, 43rd-most populated city in Florida. Ocala is the principal city of the Ocala Metropolitan statistical area, metropolitan area, which had a population of 375,908 in 2020. Home to over 400 thoroughbred farms and training centers, Ocala is considered the "Horse Capital of the World". Notable attractions include the Ocala National Forest, Silver Springs State Park, Rainbow Springs State Park, the College of Central Florida, and the World Equestrian Center. History Ocala is named after Ocale (also Cale, Etocale, and other variants), a Timucua village and chiefdom recorded in the 16th century, the name of which is believed to mean "Big Hammock" in the Timucua language. Another possible meaning of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Certified Commercial Investment Member
A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate. The designation is awarded by the CCIM Institute, formerly known as Commercial Investment Real Estate Institute (CIREI) of the National Association of Realtors. The CCIM designation was originally established by the California Association of Realtors in 1954 under the name Certified Property Exchanger (CPE).].Commercial Real Estate Investment Institute - Resource for Facility Managers ''facilitiesnet.com''. Accessed on April 24, 2020. A CCIM is a resource to the commercial real estate owner, investor, and user, and is among a corps of over 9,500 professionals around the globe who hold the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reservation Price
In economics, a reservation (or reserve) price is a limit on the price of a good (economics), good or a service (economics), service. On the demand side, it is the highest price that a buyer is Willingness to pay, willing to pay; on the supply (economics), supply side, it is the lowest price a seller is Willingness to accept, willing to accept for a good or service. Reservation prices are commonly used in auctions, but the concept can be extended beyond. A party's best alternative to a negotiated agreement (BATNA), is closely related to their reservation price. Once a party determines their BATNA, they can further calculate their reservation price. In negotiations surrounding the price of a particular good or service, the reservation price is a singular number. However, this is not the only situation where reservation prices are seen. When multiple issues are being discussed, such as the size of salary and amount of Employee benefits, benefits when applying for a new job position, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
