Auction characteristics

Description

Specifications of auctions and different auction types, e.g. open vs. closed auctions; bidding strategies such as chandelier bids, bid shading, etc.

Alternative labels

auction components
auction attributes
auction qualities
auction characteristic
auctioning characteristic
auctioning characteristics
auction aspects

Skill type

knowledge

Skill reusability level

cross-sector

Relationships with occupations

Essential knowledge

Auction characteristics is an essential knowledge of the following occupations:

Auction house manager: Auction house managers are responsible for the staff and activities in an auction house. Moreover, they manage the finances and marketing aspects of the auction house.
Auctioneer: Auctioneers conduct auctions by accepting bids and declaring goods sold.

Optional knowledge

Auction characteristics is optional for these occupations. This means knowing this knowledge may be an asset for career advancement if you are in one of these occupations.

Antique shop manager: Antique shop managers assume responsibility for activities and staff in specialised shops.

 


 

References

  1. Auction characteristics – ESCO

 

Last updated on September 20, 2022

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