The standard practice seen in a livestock or fine arts auction today in which the highest price bid at auction obtained the property. In other words, the product was sold to the highest bidder. The second type was more of a wholesale auction which was used to rid the slaver of any excess inventory or damaged goods. This was referred to as a Grab and Go auction. It was more of a fire sale or going out of business sale.
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The slave owners bought their slaves at auctions.
observing the cruelty of slave auctions
They respond by encouraging breeding among the slave-families, and a vigorous trade at slave-auctions.
Many were brought from Africa and sold at slave auctions. Others were born to slaves already on the plantations.
The slaves were purchased at auctions, from another slave owner, or in some cases, they were inherited. The buyers checked to make sure the slave was healthy and without any defects physical. Slave traders brought the slaves over in large boats from Africa.