--- title: "Meaning & Key Takeaway of: Auctions typically are an opportunity for…" description: "\"Auctions typically are an opportunity for you to be able to acquire what you're looking for at a lower price; typically, the auctioneer sets the openin..." image: "https://sms4smile.com/quotes/i/f9c/alexander-gilkes-16519_auctions_auctions-typically-are-an-opportunity-fo_2793447.jpg" --- # Auctions typically are an opportunity for you to be able… ![“Auctions typically are an opportunity for you to be able to acquire what you're looking for at a lower price; typically, the auctioneer sets the opening price at much lower than the retail price and certain interest develops and as more people come in it drives the price up.” quote by Alexander Gilkes](https://sms4smile.com/quotes/i/f9c/alexander-gilkes-16519_auctions_auctions-typically-are-an-opportunity-fo_2793447.jpg) [Download](https://sms4smile.com/quotes/i/f9c/alexander-gilkes-16519_auctions_auctions-typically-are-an-opportunity-fo_2793447.jpg) [Open image](https://sms4smile.com/quotes/i/f9c/alexander-gilkes-16519_auctions_auctions-typically-are-an-opportunity-fo_2793447.jpg) > “Auctions typically are an opportunity for you to be able to acquire what you're looking for at a lower price; typically, the auctioneer sets the opening price at much lower than the retail price and certain interest develops and as more people come in it drives the price up.” [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Auctions create price discovery by starting low and letting competition drive the price up, offering potential bargains. **In simple terms:** Auctions start low, price rises with interest. Key Takeaway Leverage competition for value. Themes economics competition pricing Mood analytical pragmatic Type advice strategy When to use this quote - buying collectibles - real estate - online marketplaces - stock trading Key Concepts market dynamics behavioral economics Questions to Reflect On - When is the optimal bidding point? - How to avoid emotional overpaying? A Different Perspective Risk of overbidding exists. ★ ★ ★ ★ ★ No ratings yet [Auctioneer](https://sms4smile.com/quotes/about/auctioneer-2183813/) [Auctioneer Sets](https://sms4smile.com/quotes/about/auctioneer-sets-3397375/) [Auctions](https://sms4smile.com/quotes/about/auctions/) [Auctions Typically](https://sms4smile.com/quotes/about/auctions-typically-3397374/) [Come](https://sms4smile.com/quotes/about/come/) [Looking](https://sms4smile.com/quotes/about/looking/) [More](https://sms4smile.com/quotes/about/more/) [Opportunity](https://sms4smile.com/quotes/about/opportunity/) [People](https://sms4smile.com/quotes/about/people/) [Typically Auctioneer](https://sms4smile.com/quotes/about/typically-auctioneer-3397376/) ## Related quotes > [A great friend and mentor, Simon de Pury, invited me to be auctioneer at Phillips de Pury, which was a great honor.](https://sms4smile.com/quotes/alexander-gilkes/a-great-friend-and-mentor-simon-de-pury-invited-me-to-be-auctioneer/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [An auctioneer is a man who proclaims with a hammer that he has picked a pocket with his tongue.](https://sms4smile.com/quotes/ambrose-bierce/an-auctioneer-is-a-man-who-proclaims-with-a-hammer-that-he-has-picked/) [Ambrose Bierce](https://sms4smile.com/quotes/author/ambrose-bierce/) > [I've never known an auctioneer to lie unless it was absolutely necessary.](https://sms4smile.com/quotes/josh-billings/i-ve-never-known-an-auctioneer-to-lie-unless-it-was-absolutely/) [Josh Billings](https://sms4smile.com/quotes/author/josh-billings/) > [An auctioneer is such a uniquely American thing. I keep thinking in my head, perhaps it's not as American as I think, but it…](https://sms4smile.com/quotes/jack-white/an-auctioneer-is-such-a-uniquely-american-thing-i-keep-thinking-in-my/) [Jack White](https://sms4smile.com/quotes/author/jack-white/) > [When the slave auctioneer asked in what he was proficient, he replied, "In ruling people."](https://sms4smile.com/quotes/diogenes/when-the-slave-auctioneer-asked-in-what-he-was-proficient-he-replied/) [Diogenes](https://sms4smile.com/quotes/author/diogenes/) > [“Hide yourself under a bushel quickly, for if your real usefulness were known to the world you would soon be knocked down to the…](https://sms4smile.com/quotes/kakuz-okakura/hide-yourself-under-a-bushel-quickly-for-if-your-real-usefulness-were/) [Kakuzō Okakura](https://sms4smile.com/quotes/author/kakuz-okakura/) > [It is only an auctioneer who can equally and impartially admire all schools of art.](https://sms4smile.com/quotes/oscar-wilde/it-is-only-an-auctioneer-who-can-equally-and-impartially-admire-all/) [Oscar Wilde](https://sms4smile.com/quotes/author/oscar-wilde/) > [The auctioneer is talking for both people, and that's the big revelation about, 'Oh, that's what they're doing.' They're just doing it very fast,…](https://sms4smile.com/quotes/jack-white/the-auctioneer-is-talking-for-both-people-and-that-s-the-big/) [Jack White](https://sms4smile.com/quotes/author/jack-white/) > [“It is only an auctioneer who should admire all schools of art.”](https://sms4smile.com/quotes/oscar-wilde/it-is-only-an-auctioneer-who-should-admire-all-schools-of-art/) [Oscar Wilde](https://sms4smile.com/quotes/author/oscar-wilde/) > [I am not opposed to the art market. I have lots of friends who are collectors. But the whole idea of the art market…](https://sms4smile.com/quotes/olafur-eliasson/i-am-not-opposed-to-the-art-market-i-have-lots-of-friends-who-are/) [Olafur Eliasson](https://sms4smile.com/quotes/author/olafur-eliasson/) > [The government consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the…](https://sms4smile.com/quotes/h-l-mencken/the-government-consists-of-a-gang-of-men-exactly-like-you-and-me-they/) [H. L. Mencken](https://sms4smile.com/quotes/author/h-l-mencken/) > [In all fairness to the auction companies ? most companies are not car experts, they are marketers. I caution buyers to make sure that…](https://sms4smile.com/quotes/mark-hyman-m-d/in-all-fairness-to-the-auction-companies-most-companies-are-not-car/) [Mark Hyman, M.D](https://sms4smile.com/quotes/author/mark-hyman-m-d/) > [The book of the moment often has immense vogue, while the book of the age, which comes in its company from the press, lies…](https://sms4smile.com/quotes/hamilton-wright-mabie/the-book-of-the-moment-often-has-immense-vogue-while-the-book-of-the/) [Hamilton Wright Mabie](https://sms4smile.com/quotes/author/hamilton-wright-mabie/) > [It is not the time to put school districts up for auction. Now is the time to galvanize them into action.](https://sms4smile.com/quotes/andy-hargreaves/it-is-not-the-time-to-put-school-districts-up-for-auction-now-is-the/) [Andy Hargreaves](https://sms4smile.com/quotes/author/andy-hargreaves/) > [War's an auction where whoever can pay the most in damage and still be standing wins.](https://sms4smile.com/quotes/david-mitchell/war-s-an-auction-where-whoever-can-pay-the-most-in-damage-and-still/) [David Mitchell](https://sms4smile.com/quotes/author/david-mitchell/) ## More by Alexander Gilkes > [There is a heavy leaning to try and extract information from me, and I always have to clamp down.](https://sms4smile.com/quotes/alexander-gilkes/there-is-a-heavy-leaning-to-try-and-extract-information-from-me-and-i/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [Our generation has become somewhat stripped of identity by the homogenizing effect of technology. So, more than ever, people want to project their own…](https://sms4smile.com/quotes/alexander-gilkes/our-generation-has-become-somewhat-stripped-of-identity-by-the/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [I was a rather tubby youngster, which was a complete surprise to my family.](https://sms4smile.com/quotes/alexander-gilkes/i-was-a-rather-tubby-youngster-which-was-a-complete-surprise-to-my/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [I'm a big believer in manners and respect: that one should never do to another what you wouldn't wish for yourself.](https://sms4smile.com/quotes/alexander-gilkes/i-m-a-big-believer-in-manners-and-respect-that-one-should-never-do-to/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [I'm a bit of a dynamite fisherman when it comes to cooking as I don't have the patience, but I am a huge foodie.](https://sms4smile.com/quotes/alexander-gilkes/i-m-a-bit-of-a-dynamite-fisherman-when-it-comes-to-cooking-as-i-don-t/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [If you're trying to learn how to collect art, the key is getting access to insider opinions, and we pride ourselves on working with…](https://sms4smile.com/quotes/alexander-gilkes/if-you-re-trying-to-learn-how-to-collect-art-the-key-is-getting/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [We want to ensure works are placed with people who collect responsibly.](https://sms4smile.com/quotes/alexander-gilkes/we-want-to-ensure-works-are-placed-with-people-who-collect-responsibly/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [What you collect is the ultimate impartation of who you are. It's the archive of your identity - it's what you leave behind.](https://sms4smile.com/quotes/alexander-gilkes/what-you-collect-is-the-ultimate-impartation-of-who-you-are-it-s-the/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [If I find an item of clothing I like, I tend to buy it in multiples.](https://sms4smile.com/quotes/alexander-gilkes/if-i-find-an-item-of-clothing-i-like-i-tend-to-buy-it-in-multiples/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [We want as best as possible to encourage emerging talent and galleries by their inclusion on Paddle8. Our exhibitions help bring interesting new works…](https://sms4smile.com/quotes/alexander-gilkes/we-want-as-best-as-possible-to-encourage-emerging-talent-and/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [Unfortunately, chivalry seems to be on the decline, but let's hope that manners can remain important. I, for one, will certainly be an evangelist…](https://sms4smile.com/quotes/alexander-gilkes/unfortunately-chivalry-seems-to-be-on-the-decline-but-let-s-hope-that/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [I just love the idea of being able to have a place where friends and family can meet, where you can raise everything from…](https://sms4smile.com/quotes/alexander-gilkes/i-just-love-the-idea-of-being-able-to-have-a-place-where-friends-and/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [In terms of wedding gifts, I like to buy people experiences.](https://sms4smile.com/quotes/alexander-gilkes/in-terms-of-wedding-gifts-i-like-to-buy-people-experiences/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [My brother and I have always had a great interest in people and building relationships. I probably have my parents to thank for that.](https://sms4smile.com/quotes/alexander-gilkes/my-brother-and-i-have-always-had-a-great-interest-in-people-and/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) > [There is such opacity within the art market. There's also an abundance of fraud and misrepresented goods, which leads to mistrust between buyers and…](https://sms4smile.com/quotes/alexander-gilkes/there-is-such-opacity-within-the-art-market-there-s-also-an-abundance/) [Alexander Gilkes](https://sms4smile.com/quotes/author/alexander-gilkes/) [Explore all 39 Alexander Gilkes quotes ](https://sms4smile.com/quotes/author/alexander-gilkes/) ## More Auctions quotes > [War's an auction where whoever can pay the most in damage and still be standing wins.](https://sms4smile.com/quotes/david-mitchell/war-s-an-auction-where-whoever-can-pay-the-most-in-damage-and-still/) [David Mitchell](https://sms4smile.com/quotes/author/david-mitchell/) > [It is not the time to put school districts up for auction. Now is the time to galvanize them into action.](https://sms4smile.com/quotes/andy-hargreaves/it-is-not-the-time-to-put-school-districts-up-for-auction-now-is-the/) [Andy Hargreaves](https://sms4smile.com/quotes/author/andy-hargreaves/) > [The book of the moment often has immense vogue, while the book of the age, which comes in its company from the press, lies…](https://sms4smile.com/quotes/hamilton-wright-mabie/the-book-of-the-moment-often-has-immense-vogue-while-the-book-of-the/) [Hamilton Wright Mabie](https://sms4smile.com/quotes/author/hamilton-wright-mabie/) > [In all fairness to the auction companies ? most companies are not car experts, they are marketers. I caution buyers to make sure that…](https://sms4smile.com/quotes/mark-hyman-m-d/in-all-fairness-to-the-auction-companies-most-companies-are-not-car/) [Mark Hyman, M.D](https://sms4smile.com/quotes/author/mark-hyman-m-d/) > [The government consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the…](https://sms4smile.com/quotes/h-l-mencken/the-government-consists-of-a-gang-of-men-exactly-like-you-and-me-they/) [H. L. Mencken](https://sms4smile.com/quotes/author/h-l-mencken/) > [I am not opposed to the art market. I have lots of friends who are collectors. But the whole idea of the art market…](https://sms4smile.com/quotes/olafur-eliasson/i-am-not-opposed-to-the-art-market-i-have-lots-of-friends-who-are/) [Olafur Eliasson](https://sms4smile.com/quotes/author/olafur-eliasson/) > [A tipping point is invisible, as we just saw in Greece. In most situations, everything appears fine until it's not fine, until, for example,…](https://sms4smile.com/quotes/seth-klarman/a-tipping-point-is-invisible-as-we-just-saw-in-greece-in-most/) [Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/) > [I don't know much about auctions. I sometimes go to previews and see art sardined into ugly rooms. I've gawked at the gaudy prices,…](https://sms4smile.com/quotes/jerry-saltz/i-don-t-know-much-about-auctions-i-sometimes-go-to-previews-and-see/) [Jerry Saltz](https://sms4smile.com/quotes/author/jerry-saltz/) > [Publication - is the auction of the mind...](https://sms4smile.com/quotes/emily-dickinson/publication-is-the-auction-of-the-mind/) [Emily Dickinson](https://sms4smile.com/quotes/author/emily-dickinson/) > [ If you didn't auction the \[CO2\] permits, it would represent the largest corporate welfare program that has ever been enacted in the history of… ](https://sms4smile.com/quotes/peter-r-orszag/if-you-didn-t-auction-the-co2-permits-it-would-represent-the-largest/) [Peter R. Orszag](https://sms4smile.com/quotes/author/peter-r-orszag/) > [Scott has to be one of the most talented artists I've ever seen. He really captures his subjects in a unique way. He is…](https://sms4smile.com/quotes/bob-lilly/scott-has-to-be-one-of-the-most-talented-artists-i-ve-ever-seen-he/) [Bob Lilly](https://sms4smile.com/quotes/author/bob-lilly/) > [Once they witnessed one of his painting sold at auction for $100,000. And asked how you do it, he said, 'I feel as a…](https://sms4smile.com/quotes/edgar-degas/once-they-witnessed-one-of-his-painting-sold-at-auction-for-100-000/) [Edgar Degas](https://sms4smile.com/quotes/author/edgar-degas/) > [People were doing business with one another through the Internet already, through bulletin boards. But on the Web, we could make it interactive, we…](https://sms4smile.com/quotes/pierre-omidyar/people-were-doing-business-with-one-another-through-the-internet/) [Pierre Omidyar](https://sms4smile.com/quotes/author/pierre-omidyar/) > [Can you imagine a demon auction? Serial killer going once...twice...sold to the drama queen at the corner.](https://sms4smile.com/quotes/anonymous/can-you-imagine-a-demon-auction-serial-killer-going-once-twice-sold/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The right-of-centre parties still often compete with left-of-centre ones to proclaim their attachment to all the main programmes of spending, particularly spending on social…](https://sms4smile.com/quotes/margaret-thatcher/the-right-of-centre-parties-still-often-compete-with-left-of-centre/) [Margaret Thatcher](https://sms4smile.com/quotes/author/margaret-thatcher/) [Browse all 84 Auctions quotes ](https://sms4smile.com/quotes/about/auctions/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Auctions typically are an opportunity for you to be able to acquire what you're looking for at a lower price; typically, the auctioneer sets the opening price at much lower than the retail price and certain interest develops and as more people come in it drives the price up.", "creator": { "@type": "Person", "name": "Alexander Gilkes" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/alexander-gilkes/auctions-typically-are-an-opportunity-for-you-to-be-able-to-acquire/", "about": { "@type": "Thing", "name": "Auctions" }, "@id": "https://sms4smile.com/quotes/alexander-gilkes/auctions-typically-are-an-opportunity-for-you-to-be-able-to-acquire/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f9c/alexander-gilkes-16519_auctions_auctions-typically-are-an-opportunity-fo_2793447.jpg", "contentUrl": "https://sms4smile.com/quotes/i/f9c/alexander-gilkes-16519_auctions_auctions-typically-are-an-opportunity-fo_2793447.jpg", "url": "https://sms4smile.com/quotes/i/f9c/alexander-gilkes-16519_auctions_auctions-typically-are-an-opportunity-fo_2793447.jpg", "width": 1080, "height": 1080, "caption": "“Auctions typically are an opportunity for you to be able to acquire what you're looking for at a lower…” — Alexander Gilkes", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Alexander Gilkes", "item": "https://sms4smile.com/quotes/author/alexander-gilkes/" }, { "@type": "ListItem", "position": 4, "name": "Auctions typically are an opportunity for...", "item": "https://sms4smile.com/quotes/alexander-gilkes/auctions-typically-are-an-opportunity-for-you-to-be-able-to-acquire/" } ], "@id": "https://sms4smile.com/quotes/alexander-gilkes/auctions-typically-are-an-opportunity-for-you-to-be-able-to-acquire/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```