Auctions typically follow a competitive bidding process, in which potential buyers bid against each other until the highest offer is accepted. Within pens or encircling rings, animals take center ...

Go-around describes the Federal Reserve's method for auctioning Treasury securities through primary dealers, a key part of its monetary policy strategy.

On the seventh floor of Sotheby’s New York headquarters during a blisteringly cold night January, a glamorous crowd clinked champagne flutes and traded air kisses. They weren’t there for a high-stakes ...