[Western Continent, Rakasha Empire]
An auction is a structured process for buying and selling goods, services, or assets, where potential buyers place bids in a competitive format, and the item is typically awarded to the highest bidder. It serves as a price discovery mechanism that reflects market demand and ensures transparency and fairness in transactions.
Auctions can be conducted in person, in secret or through a combination of both, and they are used across various sectors including art, real estate, agriculture, finance, and government procurement.
However this night auction wasn't an ordinary auction that befits its reputation. What made this auction quite different from ordinary is all due to its attending participants, in this auction various faction heads joined in secret without revealing their real identity in to each other.