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Auction: Difference between revisions
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The Romans also used auctions to liquidate the assets of debtors whose property had been confiscated. For example, Marcus Aurelius sold household furniture to pay off debts, the sales lasting for months. One of the most significant historical auctions occurred in the year 193 A.D. when the entire Roman Empire was put on the auction block by the Praetorian Guard. | The Romans also used auctions to liquidate the assets of debtors whose property had been confiscated. For example, Marcus Aurelius sold household furniture to pay off debts, the sales lasting for months. One of the most significant historical auctions occurred in the year 193 A.D. when the entire Roman Empire was put on the auction block by the Praetorian Guard. | ||
[[Image:Detail-77677.jpg|thumb|center|A group of people gathered around an auctioneer, who is standing on a podium with a gavel in hand.]] | [[Image:Detail-77677.jpg|thumb|center|A group of people gathered around an auctioneer, who is standing on a podium with a gavel in hand.|class=only_on_mobile]] | ||
[[Image:Detail-77678.jpg|thumb|center|A group of people gathered around an auctioneer, who is standing on a podium with a gavel in hand.|class=only_on_desktop]] | |||
== Types of Auctions == | == Types of Auctions == | ||