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A search for auction fundraising ideas will lead from common, to fun, to outrageous activities that can bring money pouring in. An auction, by traditional definition, is an event where goods or property are bid upon by several people and then sold to the highest bidder. Using that definition as a base and then expounding on it, one could say that an auction is a process in which a price is set, then incrementally different values are placed upon the item of value until the value stabilizes.
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