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An auctioneer is a person or company that specializes in the organization and performance of an auction. An auction house is a venue dedicated to staging auctions. Auctions are not necessarily held in auction houses, however. Depending on the type of merchandise being auctioned, an auctioneer or auction house chooses an appropriate type of auction, and an appropriate venue. From Wikipedia

Primary types of auction

* English auction, also known as an open ascending price auction. This type of auction is arguably the most common form of auction in use today.[4] Participants bid openly against one another, with each subsequent bid higher than the previous bid.[14] An auctioneer may announce prices, bidders may call out their bids themselves (or have a... more

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