# What's an auction and how does it work?

Page: https://stenobird.com/podcast/marketplace-all-in-one-432449/what-s-an-auction-and-how-does-it-work
Text version: https://stenobird.com/podcast/marketplace-all-in-one-432449/what-s-an-auction-and-how-does-it-work.md
Podcast: [Marketplace All-in-One](https://stenobird.com/podcast/marketplace-all-in-one-432449)
Published: 2026-09-15T10:00:00+00:00
Episode link: https://www.marketplace.org/episode/2026/09/15/whats-an-auction-and-how-does-it-work
Audio file: https://pscrb.fm/rss/p/mgln.ai/e/5/dts.podtrac.com/redirect.mp3/tracking.swap.fm/track/VnCzW2iO9G8z4eDWfXCd/play.publicradio.org/podcast/o/marketplace/million_bazillion/2026/09/15/millionbazillion_20260915_Auctions_Re-Run_EP_128.mp3?awCollectionId=mkp-AllNOne&awEpisodeId=01KZRV5S0277JQTTRX8A61JSTM
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Duration seconds: 1723

## Resource

A new season of “Million Bazillion” is almost here. But first, we’re resharing one of our favorite episodes. Today, Ryan and Bridget are answering Hezekiah’s questions about auctions. He wants to know everything about them — what are they, how do they work, and what’s up with those paddles and the fast talkin’? Ryan and Bridget head to their very first auction to find out. But the pair get caught up in the excitement and end up accidentally buying the very first “Million Bazillion” mascot. They’ll use the help and experience of their new friend, a real-life 16-year-old auctioneer, to navigate the auction and steer out of trouble.

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## Transcript

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