Auction is a way of buying and selling in (1) business. Generally, the seller shows the spot or samples, and the buyers compete to bid until no one increases the price. (2) Selling goods at reduced prices (such as surplus goods or obsolete inventory).

Auction refers to the way of buying and selling specific goods or property rights to the highest bidder in the form of public bidding.

Auction is also called bidding, which is a way of buying and selling under the capitalist system. Auction is also called bidding, which is a way of buying and selling in business. The seller buys the goods to the highest bidder. It should be said that this is a great progress and the result of reform and development. Auctions are all about goods. Nowadays, many houses outside are demolished and auctioned seasonally, which is essentially a big sale. The auction we are talking about is a high-end behavior, not a price reduction, and the price is not fixed. There must be more than two buyers, and there must be competition, and the highest price will be won. Without these three conditions, it cannot be called an auction.