So you have never been in an Auction League, and you have lots of questions. That's okay - that is why this section exists. Everyone has been there before, so do not feel bad at all. In fact, you should feel good about it as you are joining the club of auction league players, and believe me it will be an enjoyable experience and you will want to do auctions over and over again.
Let's start with the differences between an auction league and a standard draft. With draft leagues, you only get to pick once a round and twice every 20-24 picks (depending on your league size). There's no surprise as to when you are about to get a player and you know that you will have two of your Top 24 players without question.
Auction turns all of that on its head. Everything you thought you knew is now up for grabs. Every player is possibly the next one to join your team - and the only thing that stands in the way is the price you are willing to pay to get him on your squad.