Vickrey auctions not only reward honesty but also ensure that the item goes to the person who values it most (assuming everybody plays rationally). First-price auctions lack this guarantee because ...

A copy of the Emancipation Proclamation signed by Lincoln -- the highlight of a fascinating catalog -- sold at a Sotheby’s auction for $12 million.

Sotheby’s is still fine-tuning the logistics for its inaugural Paris-based Fashion Icons sale, which will include a total of ...

The bidding started at $150,000 and rose in fifty thousand increments to $350,000 where it sat for almost a minute waiting ...

Six months after his death, hundreds of items belonging to filmmaker and writer David Lynch were sold at auction in Beverly Hills this week. Some hopeful bidders there were still processing his death.

UNIDENTIFIED AUCTIONEER: Going once, twice. Sold $4,500 paddle number. EMMA BOWMAN, BYLINE: Celebrity estate auction bidding is normally a subdued tradition, but this one was a bit livelier.

Sanju had a base price of just INR 3 lakh.