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Auctions and auctioning

auction

noun

a public occasion when things are sold to the people who offer the most money for them

auction

noun

connected with an auction or bought at an auction

auction

verb

to sell something at an auction

auctioneer

noun

someone whose job is to sell things at an auction

bid

verb

to offer a particular amount of money for something, for example at an auction (=an event where things are sold to the person who offers the most money)

bid up

to offer money for something in order to increase its price, and not because you want to buy it

bid

noun

an offer to give a particular amount of money for something, for example at an auction (=an event where things are sold to the person who offers the most money)

bidder

noun

someone who makes bids for something, for example at an auction (=an event where things are sold to the person who offers the most money)

bidding

noun

the process of making bids for things, for example at an auction (=an event where things are sold to the person who offers the most money)

Dutch auction

noun

a sale in which the price of something gradually goes down until someone agrees to buy it

eBay

a website where people buy and sell things by auctioning them (=selling them to the person who offers most money)

lot

noun

a thing or group of things that are to be sold, especially in an auction

outbid

verb

to offer to pay more than someone else for something that you want to buy, especially at an auction

overbid

verb

to offer more money than something is worth

reserve price

noun

the lowest price that someone will accept when they sell something at an auction

saleroom

noun

a room or building where things are sold by auction

shill bidding

noun

the practice of bidding for something that you are selling in an auction in order to increase the selling price

silent auction

noun

a way of selling something in which people put an offer of a particular amount of money inside an envelope, the envelopes are opened when the sale takes place, and the person who offers the most money buys the object

Sotheby’s

a place in London and New York where old, rare, or valuable objects are sold in auctions

starting price

noun

the price that something is given at the beginning of an auction

shill bid

noun

shill bidder

noun

going, going, gone

used by an auctioneer for saying that an object has just been sold

on the block

for sale at an auction (=a public sale where people offer money to buy things)

come/go under the hammer

to be sold at an auction (=a public sale in which objects are sold to the person who offers the most money)

property porn

a type of television programme, magazine article, etc which shows off desirable homes …

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