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1.      The  Вritish organized 
regular auctions of books and art in the 1600’s. In some parts of
England during the 17th and 18th centuries “auction by
candle” was used for the sale of goods and leasehold. This auction began by
lighting a candle after which bids were offered in ascending order until the
candle burnt out. The high bid won the auction. In the late 17th
century auctions came to be held in coffeehouses and taverns throughout London.
Such auctions were held daily, and catalogues were printed. In the early 18th
century the great auction houses were created: Sotheby’s and Christie’s.
English auction is also known as an open ascending price auction. This type of
auction is the most common form of auction in use today.


2.      Over
the years auctioneering has been progressing and changing, and today it remains
more popular than ever. Mostly everything can be sold by auction: antiques,
household items, automobiles, land, livestock, designer clothes, etc.
Auctioning is becoming more and more common on the World Wide Web, and
auctioning websites have become very big business.
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