to auction

Definition of to auction in English English dictionary: A public event where goods or property are sold to the highest bidder; To sell at an auction; {n} a public sale to the highest bidder; a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge; The things sold by auction or put up to auction; A method of selling property in a public forum through open and competitive bidding Also referred to as: public auction, auction sale or sale; the public sale of something to the highest bidder; 1 The process of determining the contract by means of successive calls 2 The aggregate of calls made (see Law 17E); To sell something, such as frequency spectrum, to the highest bidder 10 10a; Sale of tea in an auction room on a stipulated date at a specific time Tea auctions are held in India, Sri Lanka, Indonesia, Kenya and Malawi - these auctions only sell teas from their particular areas The London Tea Auction, held every Monday morning (barring public or bank holidays) in the City of London is the only true international tea auction, where teas from all over the world are sold; The selling of property to the highest bidder; Selling property to the highest bidder; {i} public sale where items are sold to the highest bidder; A public sale of property to the highest bidder, esp; The process of selling property to the highest bidder; Sealed-bid public sale of Treasury securities; method of determining the rate or yield; An announced event whereby property is sold to the highest bidder; A public sale in which property (or an article) is sold to the highest bidder; 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; The way price and interest are determined [FRBSF]; a method of offering and selling coins to the highest bidder; The selling of real or personal property to the highest bidder by a person licensed and authorized to sell the property The auctioneer is employed by the owner or seller of the property as an agent and normally receives a percentage of the sales price as his or her commission; 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 Auctions are generally divided into mail sales, where bids are accepted by mail, and public sales, where mail bids are combined with live bidding from individuals present at the auction or participating by telephone; > A public sale in which property or items of merchandise are sold to the highest bidder; sale of something to the highest bidder Used by governments to get the best interest rates when they borrow (known as a T-bill auction) The more bidders there are, the higher the "price" for the bill and therefore the lower the yield or interest rate; A method of selling real estate in a public forum through open and competitive bidding Also referred to as: public auction, auction sale or sale; An auction is a public sale where goods are sold to the person who offers the highest price. Lord Salisbury bought the picture at auction in London some years ago; Public sale at which businesses are sold to the person making the highest bid; A method of determining price and interest; A method of selling by which an item is put up "on the auction block" and interested parties "bid" for the item in increasing money amounts until the highest bidder is finally left unchallenged and thus becomes the buyer The item seldom comes with a guarantee to its age, origin or authorship and thus auctions are "buyer beware"; To sell by auction; the public sale of something to the highest bidder 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; Any of several wholesale market mechanisms that settle pricing by bids from participating parties; different sets of rules apply to different types of auctions Note that terminology describing auctions is not always consistent from one industry to another For an excellent description of auctions and the theory they are based on, go to www auctusdev com; Sale of tea in an auction room on a stipulated date at a specific time Tea auctions are held in India, Sri Lanka, Indonesia, Kenya and Malawi- these auctions only sell teas from their particular areas The London Tea Auction, which was held every Monday morning (barring public or bank holidays) in the City of London until it's close in 1998 was the only true international tea auction, where teas from all over the world were sold; by a person licensed and authorized for the purpose; a vendue; sell at an auction; A process by which property is offered for sale to the highest bidder •Land - Dealings With; If something is auctioned, it is sold in an auction. a public meeting where land, buildings, paintings etc are sold to the person who offers the most money for them at auction (auctio , from augere ( AUGMENT); because the money offered increases). to sell something at an auction. Buying and selling of property through open public bidding. Typically, potential purchasers make a succession of increasing bids or offers until the highest (and final) bid is accepted by the auctioneer. At a so-called Dutch auction, by contrast, the seller offers property at successively lower prices until one of his offers is accepted or until the price drops so low as to force the withdrawal of the offered property. Prospective buyers are usually allowed to examine auction items beforehand, and sellers may set a minimum price below which the property will not be sold. Auctions are important in the agricultural markets of many countries, permitting the rapid sale of perishable goods. Other items often sold at auction include artwork and antiques, secondhand goods, and farms and buildings repossessed by banks or the government. Auctions can be structured in many ways (e.g., bids submitted in person, via telephone, or over the Internet). Auction selling is also employed on stock and commodity exchanges; A method used by governments trying to sell 3G licenses to the highest bidders and is used by many countries; {f} sell at an auction (public sale in which items are sold to the highest bidder)