Tag Archives: english auction

Why land prices fell 97% in two years

Chesapeake Energy Corp and its Canadian rival Encana are being investigated following claims that they colluded to avoid bidding against each other for land in Michigan. In May 2010 Michigan State made $178 million from an auction of oil and … Continue reading

Posted in Auctions, Business | Tagged , , , , , , | Comments Off on Why land prices fell 97% in two years

Types of auction

There are four main types of auction: An English auction is also known as a open ascending bid auction. This means that the bidding is open to anyone and the auctioneer raises the price until there is only one bidder … Continue reading

Posted in Auctions | Tagged , , , | Comments Off on Types of auction