auction market

(noun)

an exchange where goods and services are offered up for bid, bids are taken, and then sold to the highest bidder

Related Terms

Examples of auction market in the following topics:

  • Types of Market Organizations

    • There are three main types of market organization that facilitate trading of securities: auction market, brokered market, and dealer market.
    • There are three main types of market organization that facilitate the trading of securities: an auction market, a brokered market, and a dealer market.
    • In the auction market format, buyers and sellers are brought together directly, announcing the prices at which they are willing to buy or sell securities.
    • The New York Stock Exchange is a notable secondary market that is structured as an auction market.
    • They will gather around the appropriate post where a "specialist" acts as an auctioneer in an open outcry auction market environment to bring buyers and sellers together and to manage the actual auction.

  • NYSE

    • Secondary markets can be further subdivided into auction or dealer markets, typified by the mode of transactions.
    • The NYSE is an auction market.
    • At the NYSE, traders gather around a specialist broker, who acts as an auctioneer in an open outcry auction market environment to bring buyers and sellers together and to manage the actual auction.
    • The auction market format aims to bring together the parties with mutually agreeing prices in an efficient manner.
    • Buyers and sellers meet and engage in face-to-face transactions at the NYSE, which is an auction-style secondary market.

  • Marketing Data Types

    • Ad hoc auction markets Markets for intermediate goods used in production of other goods and services
    • Illegal markets such as the market for illicit drugs, arms or pirated products
    • Examples include: Physical retail markets, such as local farmers' markets (which are usually held in town squares or parking lots on an ongoing or occasional basis), shopping centers and shopping malls (Non-physical) internet markets (see electronic commerce) Ad hoc auction markets Markets for intermediate goods used in production of other goods and services Labor markets International currency and commodity markets Stock markets, for the exchange of shares in corporations Artificial markets created by regulation to exchange rights for derivatives that have been designed to ameliorate externalities, such as pollution permits (see carbon trading) Illegal markets such as the market for illicit drugs, arms or pirated products In mainstream economics, the concept of a market is any structure that allows buyers and sellers to exchange any type of goods, services and information.
    • Market segmentation is a marketing strategy that involves dividing a broad target market into subsets of consumers who have common needs and applications for the relevant goods and services.
    • Although industrial market segmentation is quite different from consumer market segmentation, both have similar objectives.

  • Addressing Market Needs

    • Examples of markets include: Physical retail markets, such as local farmers' markets, shopping centers and shopping malls Non-physical internet markets Ad hoc auction markets Markets for intermediate goods used in production of other goods and servicesLabor markets and international currency and commodity markets Stock markets, for the exchange of shares in corporations Artificial markets created by regulation to exchange rights for derivatives that have been designed to ameliorate externalities, such as pollution permits.
    • Illegal markets such as the market for illicit drugs, arms, or pirated products
    • Market research provides important information that identifies and analyzes the market's need, size, and competition; thus making it possible to determine how to market a product.
    • Market segmentation is the division of the market or population into subgroups with similar motivations.
    • Market trends are the upward or downward movement of a market during a period of time.

  • Market Value vs. Book Value

    • Market value is the price at which an asset would trade in a competitive auction setting.
    • Market value is often used interchangeably with open market value, fair value, or fair market value.
    • In many cases, the carrying value of an asset and its market value will differ greatly.
    • If the asset is valued on the balance at market value, then its book value is equal to the market value.
    • Ways of measuring the value of assets on the balance sheet include: historical cost, market value or lower of cost or market.

  • Selling to Consumers

    • Online retailing transactions make up a significant share of the B2C e-commerce market.
    • This type of e-commerce is characterized by the growth of electronic marketplaces and online auctions, particularly in vertical industries where firms/businesses can bid for what they want from among multiple suppliers.
    • It perhaps has the greatest potential for developing new markets.
    • Auctions facilitated at a portal, such as eBay, which allows online real-time bidding on items being sold in the Web
    • B2C e-commerce makes up a smaller portion of the market share of e-commerce compared to B2B, and appears to be shrinking in comparison.

  • The Market

    • The art market is made up of two parts: the primary market and the secondary market.
    • For example, the Picasso painting Garçon à la Pipe sold for $104.2 million at auction, thereby setting its worth at $104.2 million.
    • The tradition of selling art at auction dates back to the 17th century and continues to thrive today.
    • Art auctions deal in the most highly valued of art, such as works by Picasso, Manet, Jeff Koons, and Andy Warhol.
    • The leading auction houses are Christie's and Sotheby's.

  • Government Bonds

    • In the primary market, Government Bonds are often issued via auctions at Stock Exchanges.
    • There are several different methods of issuing such as auctions, including guarantee, combined auction and guarantee, and others.
    • In the secondary market, government bonds are traded at Stock Exchanges.
    • Unlikely equity system, the bond secondary market uses a completely different system with different method of trading.
    • At the secondary market, each bond will be assigned with very own bond code (ISIN code).

  • Selling to Businesses

    • The B2B market has two primary components: e-frastructure and e-markets.
    • Auction solutions software for the operation and maintenance of real-time auctions in the Internet
    • Efficiency in trading processes and transactions is also enhanced through the B2B e-market's ability to process sales through online auctions.
    • The gathering of a large number of buyers and sellers in a single e-market reveals market price information and transaction processing to participants.
    • Moreover, B2B e-markets expand borders for dynamic and negotiated pricing wherein multiple buyers and sellers collectively participate in price-setting and two-way auctions.

  • Maximizing Shareholder and Market Value

    • A goal of financial management can be to maximize shareholder wealth by paying dividends and/or causing the market value to increase.
    • There are several goals of financial management, one of which is maximizing shareholder and market value .
    • Corporate governance involves regulatory and market mechanisms and the roles and relationships between a company's management, its board, its shareholders, other stakeholders, and the goals by which the corporation is governed.
    • The idea of maximizing market value is related to the idea of maximizing shareholder value, as market value is the price at which an asset would trade in a competitive auction setting; for example, returning value to the shareholders if they decide to sell shares or if the firm decides to sell.
    • Maximizing shareholder and market value is, for some, one of the goals of financial management.