auction

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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 second portion of the auction will feature crawler tractors and loaders, hydraulic excavators, CAT 140H motor graders, rubber tired loaders, rock drills and paving and compaction equipment, amongst many other.
The 4,511 units sold in 1991 versus the 1,811 units sold in 1990 indicate that auctions maximize investment return and are preferred over expensive marketing campaigns which yield minimal results over a long period of time," he added.
Deiro & Associates incorporates a conventional brokerage service with the exciting elements of an auction.
Though auctions make a lot of sense in today's market, they aren't right for every property, cautioned Kosa.
NEW YORK -- The greatest rock 'n' roll memorabilia auction of all-time will be a public, all access affair, when VOOM's TREASURE HD Presents: The Dick Clark Auction Live on December 6th.
Carlton recently decided to run the auctioning activities of the firm through a separate company marketing company -- Carlton Property Auctions -- of which Birbach will be president.
In an innovative, easy-to-use platform, cMarket's new SmarterAuction feature drills down the data collected from 1,500 cMarket auctions in more than a dozen cause categories to help its nonprofit clients run a more successful auction.
Tad Bickley, of Best of the West Auctions, states, "Best of the West Auctions has conducted several dozen online auctions with iCollector and others.
I can now relax in the weeks leading up to my sale, knowing that my auction is receiving proper attention.
As an online auction facilitator, the Company, with the experience of over 3,000 auctions, has developed state-of-the-art technology to broadcast auctions over the Internet (www.
The auction will be showcasing items such as a 10 piece mahogany dining room set and sideboard, a mahogany slant-front desk carved with the State Seal of Delaware, a Van Briggle Pottery collection, as well as paintings by Delaware artist Henry Progar and other Delaware artists.
com (AMEX:AAC) announced today that it will host Heritage Galleries' "Music and Entertainment Memorabilia" auction on October 6th and 7th, 2006 on eBay Live Auctions through its subsidiary iCollector.
com (AMEX:AAC) announced today that it will host Fairfield Auction's "September Estates Auction" on September 17th, 2006 on eBay Live Auctions through its subsidiary iCollector.
Wood Vice President Bryant Wood said, "We are seeing tremendous results from our online auctions and NAALive does a great job of adding to the excitement of our live auctions.
com (AMEX:AAC) announced today that it will host C&P Numismatic Coin's "TICF" auction September 29th and September 30th, 2006 on eBay Live Auctions through its subsidiary iCollector.