Literary auctions are events where rare books, manuscripts, and other literary artifacts are sold to the highest bidder. These auctions can take place in person or online, and they often feature works by famous authors such as William Shakespeare or Jane Austen. Collectors and enthusiasts participate to acquire unique items that hold historical or cultural significance. Auction houses, like Sotheby's and Christie's, typically organize these events, providing detailed catalogs that describe each item. Bidders can place their offers during the auction, and the highest bid wins the item. Literary auctions are a way to preserve and celebrate literary heritage while allowing collectors to expand their collections.