auction


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Related to auction: Online auction, Auction sites

auction off

To sell an item to the highest bidder. We're auctioning off a car at the charity event this year.
See also: auction, off

Dutch auction

An auction in which the asking price is set high and then lowered until someone buys the item. What is this, a Dutch auction? Why is the auctioneer starting out at $1,000 for that piece of junk?
See also: auction, Dutch

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 ?
On April 13, 2017, the Commission released the Incentive Auction Closing Public Notice
Like the first two days, on the third day too, auction process was conducted in a well-organized, open and transparent way and received a very favourable response from public at large.
According to an official statement, the auction received a very favourable response from public at large.
Elsewhere, the commercial auction which runs every first and third Friday of the month will next take place on Friday, February 1 from 11.30am and will feature vendors from Greenhous and Threeways.
Before this, the NHA has auctioned 62 of its vehicles in Islamabad office through open auction and generated 60.29 million of rupees while 15 were sold in Peshawar office with the total cost of Rs20.3 million and 9 vehicles of Rs10.13 million were sold in Abbottabad.
Five months ago, CDA concluded its landmark three-day auction at Jinnah Convention Centre.
Chairman, CDA, Usman Akhtar Bajwa expressed his pleasure over the historic auction of commercial plots held on 27th, 28th and 29th March, 2018.
Edward Feather, senior valuer and auctioneer at SDL Auctions Chester and North Wales, said: "Our first Chester Racecourse auction of 2018 didn't disappoint for both buyers and vendors with a total of PS2.5m raised for the joint catalogue with the Manchester auction the following day.
'FCBL during that time managed to auction daily 30 trucks through the open outcry auction and two trucks through the online auction,' the manager said.
While the auction process remains a very effective way to acquire and sell fine art and collectibles, Salcedo Auctions believes that it can only be transparent in so far as the organizers of such auctions are forthcoming in their dealings behind the scenes.
SmartLane is featured at participating physical auctions nationwide, and leverages Ally's remarketing specialists to professionally represent and manage the auction sale process with the goal of maximizing net resale values for dealers and Ally.
An eleven member auction committee headed by Member Finance / Member Planning and Design is supervising the auction process.
Seattle, WA, March 11, 2016 --(PR.com)-- BidSpotter.com, your online bidding partner, will be providing online bidding for Baker Auction Company for their four upcoming agriculture equipment auctions ending this month.
We normally find them changing hands only at auction houses.
YORKSHIRE is one of the fastestgrowing regions outside the South East when it comes to people buying property at auction, according to new figures.