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Auction

Auction related content:

Auction stories:

Michael Jackson's white glove auctioned for $350,000
Nov 22nd, 2009 - Los Angeles Times
New York - Michael Jackson's famous white glove sold for $350,000 at a memorabilia auction Saturday, soaring far past pre-sale estimates, and a black jacket he wore during a 1989 world tour fetched $225,000.
-US Treasury to hold auction to sell TARP warrants
Nov 19th, 2009 - Reuters
(Adds analyst quote, background) WASHINGTON, Nov 19 (Reuters) - The U.S. Treasury Departmenton Thursday said it would auction off stock warrants itreceived from three...
Ciena shares climb after Nortel delays auction
Nov 16th, 2009 - Houston Chronicle
NEW YORK — Shares of Ciena Corp. headed higher Monday as Nortel Networks Corp.'s announcement Friday of a delay of the auction of its optical unit was seen as positive for the company. Ciena Corp....
Bernard Madoff auction raises $900000
Nov 15th, 2009 - guardian.co.uk
Valuation has always been an elastic concept in anything touching Bernard Madoff. But even the notorious Wall Street fraudster might have balked at the lofty prices paid for his personal belongings by souvenir hunters.
Madoff auction raises $1m
Nov 15th, 2009 - BBC NEWS
Items belonging to the disgraced financier, Bernard Madoff, have fetched around $1m at an auction in New York, twice as much as had been hoped for. The belongings included several gold watches...

Auction videos from YouTube:

2:52
How NOT to bid at auction
Girls from second series of "How to Be a Property Developer" showing us exactly what NOT to do when bidding at auction! "It's like watching a car crash!" Presented by Gary McCausland.
4:14
Dog Auctions Exposed
Our undercover video exposes dog auctions used by puppy mills. They dump dogs used for breeding they no longer want or to acquire new dogs to replenish their breeding "stock". Take action now to help stop puppy mills: www.stoppuppymills.org
6:35
Auction Man
At the age of 73 Ike Elcher went and got his auctioneer license. TCR #818, 5/3/2003
9:12
Introduction to the Google Ad Auction
Our Chief Economist, Hal Varian, explains the AdWords Ad Auction and how your max CPC bid and quality score determine how much you pay for a click on Google.com.

Auction from WikiPedia:

The payment of commission as remuneration for services rendered or products sold is a common way to reward sales people. Payments often will be calculated on the basis of a percentage of the goods sold. This is a way for firms to solve the principal-agent problem, by attempting to realign employees interests with those of the firm.

Commission rates are generally based upon the achievement of specific targets which have been agreed between management and the salesperson in question.

Offering monetary compensation in the form of commission alone, or commission in addition to salary rather than simply a fixed salary, is intended to create a strong incentive for employees to invest maximum effort into their work. Common industries where commission is used include car sales, property sales, insurance broking and many other sales jobs.