| An auction is a process where people buy and sell | | | | of the Silent Art Auction. Individuals and tourists |
| items and objects for a bid. People also propose | | | | may like to join the group of bidders in Venice to |
| bids and sell items to the highest offer or bid. | | | | experience the thrill of auctions held here. |
| Value of an item is pre-determined at some | | | | Auctions are held for sale of antique furniture, |
| auctions. There is no sale if the price of an item | | | | paintings by renowned artists and are sold at such |
| does not reach the expected price. In actual | | | | auctions. Several potential buyers are invited to |
| sense, it can be said that an auction bid is an | | | | such auctions and these bidders and buyers bid |
| offered price. | | | | for their prices and items they like. Auctioneers |
| Auctions are mostly held publicly but can also be | | | | quote the starting price and decide on the best |
| private. One of the famous auctions held in Venice | | | | rate for the item. Many auctions are held to sell |
| is the Venice Art Walk and Auctions. It is an | | | | historic and antique items of furniture and other |
| annual event held in the West Coast's premier. It | | | | articles that belonged to famous people. |
| brings together some of the talented and famous | | | | Various bidders come from all over the world to |
| artists in Venice. Many of these artists also arrive | | | | Venice to bid for items. There are special hotels |
| from Southern California. Several artists have | | | | where auctions are likely to be held. These hotels |
| made a mark for themselves in the market. A | | | | may also accommodate people who are |
| maximum of 60 artists' studios and special | | | | participating in the auction proceedings or may |
| exhibits are held. | | | | provide transportation to another venue. People |
| Many self-guided architectural tours, spa | | | | who are over the age of 18 are allowed to bid. |
| getaways, and other attractions include coupons | | | | There is a special registration fee charged for |
| to restaurants. A festive spirit fills the atmosphere | | | | people who take part in auctions. |