auction

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Related to auctioned: actioned

auction something off

to sell something [to the highest bidder] at an auction. He auctioned his home off. He auctioned off his home. The duke was forced to auction off his ancestral home to pay his taxes.
See also: auction, off

Dutch auction

an auction or sale that starts off with a high asking price that is then reduced until a buyer is found. (Viewed by some as insulting to the Dutch.) Dutch auctions are rare—most auctioneers start with a lower price than they hope to obtain. My real estate agent advised me to ask a reasonable price for my house rather than get involved with a Dutch auction.
See also: auction, Dutch

*up for auction

Fig. to be sold at an auction. (*Typically: be ~; come ~; go ~; put something ~.) The old farm where I lived as a child is up for auction.
See also: auction, up

auction off

v.
To sell something to the person who offers the highest amount of money, at or as at an auction: We don't need this table anymore, so we should auction it off. To clear out the warehouse, the company auctioned off the old inventory.
See also: auction, off
References in periodicals archive ?
The remaining assets from both liquidations will be auctioned worldwide through DoveBid's proprietary state-of-art Webcast technology in which bidders at the auction site and around the globe can compete for assets through the Internet.
He located equipment to be auctioned, performed inspections, established pricing and scheduling, and wrote inventory presentations used at auctions.
It augments Bidder's Edge's popular search and tracking tools by offering news on the hottest trends, most intriguing auctions and latest prices of auctioned goods.
AuctionRover's proprietary technology gives buyers a simple tool to search for products and services being auctioned on the Internet.
All goods are assessed by Premier, catalogued, promoted and made available for pre-auction evaluation, then assembled and auctioned in one virtual space -- the NetworkOil marketplace.