auction sales
Gavel-driven commerce
Auction sales are sales conducted through competitive bidding, where goods go to the highest bidder.
The term appears in legal, real estate, and business contexts: The estate was liquidated through auction sales.
It often describes this method of selling as a category, distinguishing it from fixed-price retail: Auction sales account for a growing share of the art market.
- antiquesValuable old items
- bidderOne who makes offers
- opening bidFirst price proposed
- collectiblesItems people amass
- bidding warCompeting offers driving prices up
hammer price · surplus goods · competitive bidding · reserve price · foreclosure · buyer · buyer's premium · sniping · lot number · consignor · sealed bid · artwork · seller · online marketplace · going · starting price · winning · lot
- livestock sciencecattle breeding, livestock feed, dairy cattle, beef cattle, cattle ranching
- artist financesroyalties, commissions, grants, art sales, patronage
- Sales Typesretail sales, bulk sales, direct sales, online sales, cash sales
- farm accountingfarm income, expense tracking, cash flow, balance sheets, income statements
- youth livestock4-H, FFA, showmanship, show ring, showing
- state fairsstate fair, Minnesota State Fair, Texas State Fair, fairgrounds, midway