What is the process of shares(stock) auction

First, please pay more attention to posting instructions. This was originally posted in the Introductions forum which is clearly marked as NOT for questions. I moved it to a more appropriate forum.

As to your question can you give more details. An Auction is where items of value are sold by a bidding process. Buyers are allowed to bid up the price until a high bid is reached. The winning bid gets to purchase the item for that bid price.