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antiques auctions

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1) "Antiques" -- As to antiques auctions 1an·tique Pronunciation: (")an-'tEk Function: noun 1 : a relic or object of ancient times 2 a : a work of art, piece of furniture, or decorative object made at an earlier period and according to various customs laws at least 100 years ago b : a manufactured product (as an automobile) from an earlier period Pronunciation Symbols For the province in the Philippines, see Antique (province) and for the band, see Antique (duo). An antique (Latin: antiquus; old) is a collectible item which is old (usually at least 100 years old) and is collected or desirable because of its age, rarity, condition, utility, or other unique features. It is an object which has reached an age which makes it a witness of a previous era in human society. Antiques are usually objects which show some degree of craftsmanship, or a certain attention to design such as a desk or the early automobile. In a consumer society, an antique is above all an object whose atypical construction and age give it a market value superior to similar objects of recent manufacture. Any historical museum makes a considerable use of antiques in order to illustrate historical events and give them a practical context. Just about any object can become an antique if it survives long enough, but value of an antique in the market place is determined by its appeal and social acceptance. The term "antique" is used as an insult in some instances, usually to depreciate the usefulness of an object or a procedure. Those who reject the trappings of a consumer society reject the markets which inflate the monetary value of antique objects, regardless of their usefulness or aesthetic qualities. Antiques are bought at antique shops, or passed down as an estate. Some valuable antiques can be bought from antique dealers and auction services or purchased online through websites and online auctions. Antique dealers are often members of national trade associations, many of which themselves belong to CINOA, a confederation of art and antique associations across 19 countries, representing five thousand dealers. 1 Definition of antique 2 Antiquing 3 Antique furniture 4 See also 5 External links The definition of antique varies from source to source, product to ..." 2) "Auctions" -- As to antiques auctions 1auc·tion Pronunciation: 'ok-sh&n Function: noun Etymology: Latin auction-, auctio, from augEre to increase -- more at EKE 1 : a sale of property to the highest bidder 2 : the act or process of bidding in some card games Pronunciation Symbols An auctioneer and her assistants scan the crowd for bidders An auction is the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. Auctioning can be traced as far back as 500 B.C.[1] In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price. Auctions can be with reserve or minimum, or without minimums, or absolute or no reserve. In reserve auctions, there is a minimum bid or reserve price; if the bidding does not reach the minimum, there is no sale (but the person who puts the item up for auction may still owe a fee to the auctioneer or auction company). In absolute or no reserve auctions, the sale is guaranteed, with only the price left to be determined. In the context of auctions, a bid is an offered price. 1 History of the Auction 2 Additional Information 3 Types of auctions 3.1 Primary types of auctions 3.2 Other auction terminology 4 See also 5 Further reading 6 Footnotes However, according to ancient Greek scribes, the more generally accepted auction occurred first in Babylon in 500 B.C. During this period, auctions were held annually, and women were sold on the condition of marriage. It was considered illegal to allow a daughter to be sold outside the auction method. Women with “beautyâ€� engendered higher bidding, women without “beautyâ€� had to pay a dowry to be accepted into the auction, and thus the price would be negative. During the Roman Empire, following military victory, Roman soldiers would often spear the ground to mark the location of spoils in which goods and property were seized. Roman business agents were said to have accompanied warriors into battle to help facilitate expected sales...." 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