auctions

Sales with gavels

Auctions are sales where goods go to the highest bidder.

Participants compete by offering progressively higher prices until no one will bid more.

The verb auction means to sell this way: They auctioned off the estate's contents.

Auctions range from livestock sales to fine art at Sotheby's to eBay listings.

To auction off suggests disposing of items, often to settle debts or clear inventory.

event

gavel

Small ceremonial hammer

preview · estimate · consignment · provenance · gallery · saleroom · podium · rostrum · appraisal · viewing

bidding

bid

Offer to purchase

paddle · proxy · snipe · escalation · floor · ceiling · absentee · opening · competing · counterbid

goods

antiques

Valuable old items

jewelry · furniture · memorabilia · artifacts · valuables · livestock · machinery · vehicles · property · wine

Categories
Opposites
pricing mechanism

auctionscatalog sales

Purchases via printed listings

price tags · retail · retail sales · sticker price · posted prices

distribution method

auctionsgiveaways

Items distributed free

donations · gifts · lotteries · raffles · first-come-first-served

transaction direction

auctionstenders

Formally presents or offers

Phrases
Family

auction, auctioneer, auctioning, auctioned, auctioneers, auction house, auction off

Familiarity
Top 50,000
Profile
Known to kids · Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G