his collection of vintage cars is to be auctioned off tomorrow
A public sale in which goods or property are sold to the highest bidder
the books are expected to fetch a six-figure sum at tomorrow's auction
an auction sale
The action or process of selling something in this way
the Ferrari sold at auction for $10 million
The part of the play in which players bid to decide the contract in which the hand shall be played
a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge
sell at an auction
the public sale of something to the highest bidder
An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.
(Auctions) Property sale. If you win the bid, you are legally bound to buy the house.
(Auctions) Let multiple buyers bid competitively for products from individual suppliers. Suitable for hard-to-move goods such as used capital equipment (forklifts) and surplus or excess inventory. ...
(Auctions) In the producer countries, tea is sold via large-scale auctions to the individual tea brokers, who are able to pass on the offered prices to the importers. The importing countries in turn offer the brokers their best prices for the individual lots. ...
(Auctions) These are the main kinds:
(Auctions) are a form of first degree price discrimination.
(Auctions) are a particular class of trading process applicable where price is the key factor to be negotiated and offers involve stating little more than price and quantity. There are multiple categories of auction. ...
This is where a property is bought at an auction house. Once the gavel goes down contracts are exchanged (see Exchange of Contracts below).
A method of selling property in a public forum through open and competitive bidding. Also referred to as: public auction, auction sale or sale.
An offering of coins for sale where the buyer must bid against other potential buyers, as opposed to ordering from a catalog, price list, or advertisement at a set price.
A sale of stamps, covers and other philatelic items where prospective purchasers place bids in an attempt to obtain the desired items. The highest bidder for each lot (described item or items) makes the purchase. ...
A popular, social gathering where you can change a horse from a financial liability into a liquid asset.
A mechanism used by the Stock Exchange to fulfill its obligation to the buyer of a security. It is done when the seller is unable to deliver the scrips sold by him. The security in question is offered by a member who has ready possession of the scrips.
A means of selling a property whereby it is listed at an auction and if the property does not reach the reserve price then it is not sold. ...
Sale of an item to the highest bidder. (1) A method commonly used in exchange control regimes for the allocation of foreign exchange. (2) A method for allocating government paper, such as US Treasury Bills. Small investors are given preferential access to the bills. ...
The process of selling property at a public sale to the highest bidder. The person conducting the sale will call out the initial asking price and each price that anyone in the audience bids until no one will bid a higher price.
Method of selling by which items are presented for sale to the highest bidder.
Public sale of a property to the highest bidder. The purchaser must immediately sign a binding contract and should ensure that all valuations, searches etc are carried out prior to the sale.
Distributes allowances by having the regulated entity purchase the amount they need in a government auction.
Issuance procedure generally used by the Treasury. Investors present the issuer with their requests, which can be competitive (they reflect the prices that they are willing to pay for the securities) or non-competitive (they do not reflect said prices). ...
There are two types of online auctions: commercial and person-to-person. At a commercial auction venue, buyers compete with one another to purchase goods, which are stocked in clearance warehouses. These items might be unused or they may be discontinued, refurbished, used or customer returns. ...
a process whereby a title is submitted, particularly by a literary agent, to a number of selected publishers in order to secure the best offer or highest price. Auctions sometimes run to several ‘rounds’ and may end with the exercise of topping rights.