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The auction business includes the various trades in the auction industry from auctioneering: coordinating the auction process, evaluating items that are being sold and traded, advertising them and coordinating the bidding process. As well as buying and selling at auctions. There are various different types of auction models: English, Dutch, Vickrey and Reverse auctions.
This business can be operated in any sector with both low value household goods to higher value assets such as property and vehicles. It serves both buyers and sellers.