United Kingdom Auction Houses
- Antiquorum Geneva-based auctioneer featuring frequent watch and clock auctions
There are several variations on the basic auction form, including time limits, minimum or maximum limits on bid
prices, and special rules for determining the winning bidder(s) and sale price(s). Participants in an auction may
or may not know the identities or actions of other participants. Depending on the auction, bidders may participate
in person or remotely through a variety of means, including telephone and the internet. The seller usually pays a
commission to the auctioneer or auction company based on a percentage of the final sale price.