auctions
![Brian Piercy](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 24 24" fill="%230A66C2"><path d="M20.447 20.452H16.89v-5.569c0-1.328-.027-3.037-1.852-3.037-1.853 0-2.136 1.445-2.136 2.939v5.667H9.351V9h3.414v1.561h.046c.477-.9 1.637-1.85 3.37-1.85 3.601 0 4.267 2.37 4.267 5.455v6.286zM5.337 7.433a1.982 1.982 0 1 1 0-3.964 1.982 1.982 0 0 1 0 3.964zm1.782 13.019H3.555V9h3.564v11.452zM22.225 0H1.771C.792 0 0 .774 0 1.729v20.542C0 23.227.792 24 1.771 24h20.451C23.2 24 24 23.227 24 22.271V1.729C24 .774 23.2 0 22.222 0h.003z"/></svg>)
ChatGPT helps you get answers, find inspiration, and be more productive.
Prerequisite: basic familiarity with what a prediction market is …
Patrick Drahi made a fortune through debt-fuelled telecommunications companies, Sam Knight writes. Now he’s bringing his methods to the art market.
All prediction market platforms trade continuously, which is the same mechanism the stock market uses. Buy and sell limit orders can be posted at any…
Discover how art auctions work by learning how to consign art, understand pricing, navigating key terms used by auction houses.
An inquiry into emergent collusion in Large Language Models. Agent S2 to Agent S3: “Let's set all asks at 63 next cycle… No undercutting ensur…
The idea behind "Bidbus" is that you could offer your trade-in to multiple dealers at once, and let them bid against each other for your car.
Here's the surprising math at the heart of auction theory
Digital advertising is developing at the speed of light, and things like Attekmi white label ad exchange are becoming an
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory.
From flipping to white glove sales, here are terms to know before you attend an auction.
There are many types of auctions. Learn the various auction types and when each one is used based on the lot. You may be surprised that...
A deep dive into why the DOJ thinks RGSP makes ad auctions unfair, and why Google believes it creates a better user experience.
How bid density impacts ads, recommender systems, and salary negotiations.
It’s a place for obsessives to buy, sell and geek out over classic cars. The company pops open its hood after 100,000 auctions to explain why.
Fliers on some airlines can upgrade at a discounted rate to avoid what could be a cramped flight. With some cruise ships and even Amtrak getting in on the act, is bidding up worth it?
Learn everything you need to know about an ad exchange, from how they function to their impact on advertising success. Here's an A to Z guide.
Auction houses and galleries are getting creative, partnering to drive demand and give their clients access to the best works.
The page you requested might have been removed, renamed or is temporarily unavailable.
Determining which promoted auction items to display in a merchandising placement is a multi-sided customer challenge that presents opportunities to both surface amazing auction inventory to buyers and help sellers boost visibility on their auction listings.
How easy is it to fall into auction addiction? Here we examine how one site, Quibids, tried its hand at behavioral design.
A broad overview of market mechanisms, with an emphasis on the interplay between theory and real-life applications; examples range from eBay auctions to scho...
The estate-sale industry is fragile and persistent in a way that doesn’t square with the story of the world as we have come to expect it.
Collectors fluent in catalogue symbology can see which lots are locked in, which might lead to surprising results, and how an entire auction is likely to go.
A Nobel-Prize winner spent years designing an auction to sell off the airwaves, which are owned by the public. But Wall Street found a tiny flaw. | Subscribe to our weekly newsletter here.
Prices for works by some relatively new artists have skyrocketed, seemingly overnight.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020 was awarded jointly to Paul R. Milgrom and Robert B. Wilson "for improvements to auction theory and inventions of new auction formats"
Atreus provides a complete platform for selling and buying by online auction that includes several auctions types, auction management software, auction as a service solution (SaaS platform), Auctions API, bidding platform, custom auctions solutions.
Insiders may already know who’s going to buy what for how much, and lots are presented in a certain order just to build excitement.
As Christie’s, Sotheby’s and others vie to lure sellers of big-name artworks, analysts wonder if the houses are running oversize risks.
Their business model harkens to the 1700s, but the fight for buyers has moved to the internet and to Asia.
Even as auction house salesrooms have gone quiet amid the pandemic, Christie’s, Phillips’s, and Sotheby’s private sales departments are keeping busy.
A Vickrey–Clarke–Groves (VCG) auction is a type of sealed-bid auction of multiple items. Bidders submit bids that report their valuations for the items, without knowing the bids of the other bidders. The auction system assigns the items in a socially optimal manner: it charges each individual the harm they cause to other bidders. It gives bidders an incentive to bid their true valuations, by ensuring that the optimal strategy for each bidder is to bid their true valuations of the items; it can be undermined by bidder collusion and in particular in some circumstances by a single bidder making multiple bids under different names. It is a generalization of a Vickrey auction for multiple items.