• English/American Auction
  1. Auction opens with a minimum house bid.
  2. Bidding continues upward until all bidders are satisfied.
     (or until a prescribed time event occurs.)
  3. The highest bidder wins.
   
• Dutch Auction
  1. Auction opens with a house-established high asking price.
  2. The price is then incrementally lowered until there is a taker.
  3. The first bidder wins.

We will naturally select the auction type
that will favor higher selling prices
(and higher commissions.)