- A public sale of property to the highest bidder, esp. by a
person licensed and authorized for the purpose; a vendue. - The things sold by auction or put up to auction.
Auction markets Auction markets refer markets in which the prevailing price is
Reverse auction Reverse auction refers to allows individual buyers to enter the price they will pay for particular items at eh purchasing agent’s web site, and sellers can agree or not.
Auction Auction is a method of selling goods in which people offer bids, and the item is sold to the person who makes the highest offer.