Class 11 English 2024 Edition www.tntextbooks.in · Section 110

Warm Up: Many of us have unused, old but valuable items at home. If we wish to get rid of them, we can sell them at an auction. Items like paintings, jewels, household articles, vehicles, even houses can be auctioned. The flowchart below will help you understand how an auction is conducted. Enter the sale-room where the items are displayed for sale. Decide the item you wish to buy. Get a card with a registration number from the staff. The auctioneer opens by quoting a price for each article. Each buyer holds up his/ her card and states a price which is higher than the opening price. The auction continues with each bidder quoting a higher price until the item is considered sold. The payment is made by cheque or any other approved mode of payment and the article is considered sold. The highest bidder finally goes to the clerk and hands over the card. The highest price is announced thrice. The deal is closed with the highest bidding / price. Tight Corners Prose Unit Edward Verrall Lucas -A-Prose-Tight - - :