Editing Auction (section)

===Other contexts===
* [[Charity auction]]s – Used by nonprofits, higher education, and religious institutions as a method to raise funds for a specific mission or cause both through the act of bidding itself, and by encouraging participants to support the cause and make personal donations. Often, these auctions are linked with another charity event like a [[benefit concert]].<ref>{{cite web|title=Charity Auctions: The Ultimate Guide|url=https://doublethedonation.com/nonprofit-software-and-resources/charity-auctions-guide/|website=Double the Donation|access-date=27 January 2017}}</ref>
* Insurance policies – Auctions are held for second-hand endowment policies. The attraction is that someone else has already paid substantially to set up the policy in the first place, and one will be able (with the help of a financial calculator) to calculate its real worth and decide whether it is worth taking on. Lloyd's, the world's [[reinsurance]] market, runs auctions of syndicate capacity for the [[underwriting]].<ref>{{cite web|title=Lloyd's 2020 Capacity Auction 1 Results, 24 October 2019|publisher=Shares Magazine|url=https://www.sharesmagazine.co.uk/news/market/6645398/LLOYDS-2020-CAPACITY-AUCTION-1-RESULTS|access-date=26 January 2020|archive-date=26 January 2020|archive-url=https://web.archive.org/web/20200126173820/https://www.sharesmagazine.co.uk/news/market/6645398/LLOYDS-2020-CAPACITY-AUCTION-1-RESULTS}}</ref>
* Private treaty sales – Occasionally, when looking at an auction catalog some of the items have been withdrawn. Usually, these goods have been sold by 'private treaty'. This means that the goods have already been sold off, usually to a trader or dealer on a private, behind-the-scenes basis before they have had a chance to be offered at the auction sale. These goods are rarely in single lots – photocopiers or fax machines would generally be sold in bulk lots.
* Environmental auctions, in which companies bid for licenses to avoid being required to decrease their environmental impact. These include auctions in [[emissions trading]] schemes.