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This is when two or more persons who want the same item and keeps bidding the price up until it reaches a fair market value. By law you most have a least two persons present to conduct an auction. Then the highest bidder buys it for the final bided price.
In advertisement for auction houses that catches must people eyes is to get fast cash selling personal property. The advertisement means just that you can get money within fourteen days or less after the auction house sells your personal property.
The auction business has been around for a long time with a good track record for selling anything that has a price or doesn't have a price...
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