Section 6, auction 1. The conception and characteristics of auction (1) The conception of auction (2) The characteristics of auction It's a kind of spot transaction bid publicly It is according to certain principles and regulations It is well organized and carried on in some certain organizationsSection 6: Auction 1. The conception and characteristics of auction （1）The conception of auction （2）The characteristics of auction • It’s a kind of spot transaction bid publicly • It is according to certain principles and regulations • It is well organized and carried on in some certain organizations