When the selling technique "Auctions" is used?

This is an interesting question.

Auctions can be used when in need of an act of deception to sell of none essential goods and services in a lucrative and enticing way to attract buyers.

Auction is used when there are a highly valued assets or artifacts to be sold in a market of which its demand is high or secret between the rich.

Auction is also a way to be used to find out what some of our most special customers want or brand valuable for business.

Auctions are used when there is a buy or sell of opportunity in the market for valuable goods and services.

Auctions are used to negotiate amount of goods and services that are satisfying for business.

 

1. precious product and has specific customer like jawelery etc

2. has some more product near to expires or out of date and wants to upgrade

 

If the demand is high or item is rare or how ever item should sold off. If anyone of these reasons are meet can use auction