What is an auction and how does it work?

Million Bazillion

Marketplace

News, Kids & Family

4.5 • 2.6K Ratings

🗓️ 5 September 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s a new season of Million Bazillion and in this episode, 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.

If your family is interested in learning more about auctions, check out the page for this episode at our website. We’ve got discussion questions and tips for learning more!

This episode is sponsored by Greenlight. (For a limited time, get $10 when you sign up for a Greenlight account at greenlight.com/MILLION).

Transcript

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0:00.0	Hey, bazillionaires, welcome back to a whole new season of Million Bazillion.
0:05.0	We're excited to be back and to answer some of the funny, tricky, and really good questions from our listeners like you.
0:11.0	This season is presented in partnership with Greenlight, the debit card and money app for kids and teens.
0:16.0	Greenlight helps young people develop healthy financial habits by learning to earn, save, invest, and build credit.
0:22.0	For a limited time, our Million Bazillion listeners can get $10 when they sign up today for a Greenlight account.
0:27.0	At Greenlight.com-slash-million. That's Greenlight.com-slash-million.
0:37.0	Who are we almost done?
0:39.0	Almost! We've got an entirely new season ahead of us and we just need to look through a few more listener questions and pick which ones to answer.
0:46.0	How did we end up with so many bags full of questions out of a paper cut?
0:51.0	Well, our awesome listeners send in so many great questions after a while they do start to pile up.
0:57.0	But I love reading these and we look at each and every without paper cut.
1:02.0	Ooh, this is a good one. What is bankruptcy out of paper cut?
1:07.0	Here's another good one. What is rental arbitrage out of paper cut?
1:11.0	Yeah, paper cut.
1:13.0	Oh, paper cut.
1:15.0	Oh, paper cut.
1:18.0	Ah, one really hurt.
1:19.0	Wait, wait one second. No sudden moves.
1:22.0	We need to open these envelopes slowly and carefully to avoid any further paper cuts.
1:29.0	Okay, I'm going to open this question slow and steady.
1:34.0	Yes. Very slowly.
1:38.0	Oh, paper cut!
	...

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