Auctions have been a vehicle for the dispersing of goods for many centuries. In their simplest form,
auctions require only four components: an item to sell, an Auctioneer, and two bidders interested in purchasing that item. Typically, the Auctioneer will
suggest an opening bid for the item being offered. Often this suggested bid will be lowered until one of the interested parties deems the item worthy and
he/she opens the bidding. From that point, the interested parties take turns raising the bid at an increment suggested by the Auctioneer or by one of the
Bidders. The bidding continues until one of the Bidders feels that the item has reached or surpassed the price that he/she is willing to pay for that
particular item. When the Auctioneer feels that no further bidding will take place, the Auctioneer decrees the item "SOLD" and the process starts
all over on the next offering. Now things can start to get a little more complicated.