auction

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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 ?
The plant, machinery and HGV auctions take place on the second Thursday of every month with the next scheduled on February 14, from 11am.
Now the focus switches to the next SDL Auctions Cheshire and North Wales auction at Chester Racecourse auction on Wednesday, April 25.
Bidding in the assignment phase of the forward auction concluded on Wednesday (3/30), and this marks the end of the auction's final phase.
Caruncho's article is a belated, indirect endorsement of Salcedo Auctions' position-consistently expressed over the past three years by its advisor Ramon E.S.
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.
Wholly-owned by ATG Media, the global pioneer in live and timed auctions, BidSpotter.com is the leading portal for live and timed Industrial, Construction and Agriculture auctions.
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.
ISLAMABAD -- Pakistan Telecom Authority (PTA) has finalized all arrangements for the Spectrum Auction for Next Generation Mobile Services (NGMS) which will be held here on Wednesday (April 23).
Early auctions will be in the form of spot contracts (delivery of allowances no later than five days after the auction), including for auctions on a transitional auction platform.
The firm, which includes Auction House Tees Valley, held 41 auctions in 17 locations around the UK between January and June this year, selling a total of 451 lots, at a success rate of 69%.
When it comes to real estate, though, auctions of new condominium units -- commonplace in cities across the United States for a few years now -- have not been seen in the city with any regularity for nearly two decades.
In today's current economic climate, property auctions are becoming increasingly popular and are no longer viewed as a "last resort" by buyers or sellers.
For many years, auctions have been a popular means of buying and selling just about anything--from real estate, farmland, furniture and other household goods, fine art and increasingly construction equipment.