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auction market

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Auction Market
A market in which buyers enter competitive bids and sellers enter competitive offers at the same time.

Notes:
Practically every securities exchange in the world is an example of this.

See also: Nasdaq, NYSE, TSE
auction market
A market in which buyers and sellers gather to transact business through announced bid and ask prices. The organized securities exchanges are examples of auction markets. Compare dealer market, open outcry.
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Today, the auction market for real estate has grown to $65 billion-plus in sales and according to a recent study done by the National Association of Realtors, by 2010 a staggering one in every three properties will be sold using the auction method.
Auction method of sale show properties' real worth by Olshin, Joshua / Real Estate Weekly
After 13 years of analyzing this data, I've come to look for the auction market to lose steam once we roll into March and early April.
Auction action by Peterson, Greg / Implement & Tractor
Verastar's well-established presence in the salvage auction market, combined with Flex Fund's innovative inventory financing options, creates the perfect solution for today's salvage buyers.
Flex Fund Partners with Verastar to Provide Salvage Auction Financing by Business Wire
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