Source: wikibot/types-of-auction
= Types of auction
{wiki=Category:Types_of_auction}
There are several types of auctions, each with its own set of rules and procedures. Here are some of the most common types: 1. **English Auction**: This is the most common auction type, where the auctioneer starts with a low price and participants bid higher amounts until no one is willing to bid further. The item is sold to the highest bidder.