Auction Meaning In English. Sale deal informal selling transaction More Synonyms of auction. Auction off - auctioneer - bid - bidder - bidding - foreclosure sale - go on the block - go under the hammer - hammer down - in lots - on the block - overbid - put on the block - put under the hammer - put up for auction - slave market.
1 A public sale in which goods or property are sold to the highest bidder. Auction - the public sale of something to the highest bidder. Sale - the general activity of selling.
A base price or a floor is set before the bidding starts and the bidders have to start bidding above this.
A base price or a floor is set before the bidding starts and the bidders have to start bidding above this. They were going to sell her TV and furniture at a public auction. Dec 13 2018 Definition By definition the English Auction is a sale method in which an asset is sold by inviting bids that are ascending in value. The first bid made is the winning bid and results in a sale assuming that the price.
