Auction Definition–noun | 1. | Also called public sale. a publicly held sale at which property or goods are sold to the highest bidder. |
| 2. | Cards.
| b. | (in bridge or certain other games) the competitive bidding to fix a contract that a player or players undertake to fulfill. |
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–verb (used with object) | 3. | to sell by auction (often fol. by off): He auctioned off his furniture. |
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From Dictionary
Related topics from Britannicaauction
the buying and selling of real and personal property through open public bidding. The traditional auction process involves a succession of increasing bids or offers by potential purchasers until the ...
auction bridge
card game that was the third step in the historical progression from whist to bridge whist to auction bridge to contract bridge. See bridge.Auctions and Collections
bridge
The deal completed, each player in rotation beginning with the dealer has a chance to call. A call is a pass, a bid, a double, or a redouble. A pass signifies disinclination to contract to win any ...
bridge
The essential features added by auction bridge were that all four players bid for the right to name the trump suit and that the high bidder or his partner (not necessarily the dealer) became declarer ...
bridge
Several accounts of the origin of auction bridge have been advanced. It is probable that just as bridge whist developed from three-hand whist, auction bridge developed from three-hand bridge whist. A ...
Art, Antiques, and Collections
Defying all expectations, the art market in 2000 sustained substantial growth over 1999. Major auction houses Christie's and Sotheby's, however, came under scrutiny for commission fixing, and they ...
Art, Antiques, and Collections
In 1997 the auction market celebrated its strongest year since 1991. The improvement was attributed to strength in the financial markets, particularly those in the United States, which gave consumers ...
Art, Antiques, and Collections
The art and auction market of 2002 continued to surprise both Sotheby's and Christie's with its resilience amid a declining economy. Buyers did not stray from intense competition over works of art ...
Auctions and Collections
The 1993-94 auction season was dominated by the sales of celebrity collections and the exorbitant prices paid by admiring fans for artistic mementos. Princess Gloria von Thurn und Taxis of Germany, ...
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