English auction is the most recurrent and and
typical type of the auction, a type of forward auction. It is also commonly
known as open price auction. In its whole process single item offered for sale.
Bidding begins at a low price and gradually it starts to get on a higher side
or start rising as other bidders accept the prices or call out the higher bids.
This whole process of bidding continues till either not a single auctioneer
willing to bid further or until no higher bids received further. The Most
significant factor of English Auction is it is the type of a auction in which
current highest bid is always available to the potential bidders. This auction
frequently used for selling different kind of goods e.g secondhand goods,
construction based or some antiques and artworks.