Auctioneers & Auction Houses in Maysel are present. An auction is a sale of objects or property by bids. The object or property is then sold to the highest bidder. Auctions can be of various types, classified under primary and secondary types of auctions. They are further classified under English auction, Dutch Auction, Sealed first-price auction, Vickrey auction and Multi-unit auctions for the former, and All-pay auction, Bidding fee auction, Buyout auction and many more under the latter. An auctioneer is someone who conducts the auction and declares the sold items, along with the bidder who won it. The most popular kinds of auctions are for agricultural, machinery, and equipment auctions and residential real estate sectors.