This is identical to the sealed first-price auction except that the winning bidder pays the second highest bid rather than their own.

这种拍卖方式与首价密封拍卖基本相同，区别仅在于胜出者需要支付的价格是第二高的报价，而不是他自己的报价。

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English auction, also known as an open ascending price auction. This type of auction is arguably the most common form of auction in use today.

英式拍卖，也称为公开增价拍卖。据称这种拍卖形式是当今最常见的拍卖方式。

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This means when you list domains for auction, be aware that if there is only one interested bidder, they may win the auction at the opening price you set.

这意味着当您拍卖的域名列表，注意，如果有兴趣的投标人只有一个，他们可能会赢得在开幕您设定的价格拍卖。

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If the number alone doesn't boggle your mind, consider this: The price is nearly double the previous auction record for a work of art.

WSJ: Taking It to the Street | The Shift

In fact, virtually every member of this conspiracy comes away a winner because the profits at the second auction (that is, the difference between the price paid at second auction minus the price paid by the Designated Bidder at the public auction) is frequently divided among the conspirators.

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Perhaps the most notable aspect of the sale, from a market perspective: While the rule of thumb for jewelry at auction is that on the secondary market pieces bring only a third of their original price, this collection reaped a hefty profit for the seller.

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