Auction Types

LonestarOnline.com - Federal, State and City Surplus. Seized and Unclaimed Property Auctions

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Auction Types - Standard

Here are the types of auctions you will encounter on this site.

English Auctions

English auctions are probably the most common type. Users bid the highest price they are willing to pay for an item and bidding activity stops when the auction duration is complete. The item is sold to the highest bidder at their bid price.

English auctions also allow the seller to specify a reserve price below which the item will not be sold.

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