absolute auction

Absolute Auction

An auction in which the highest bidder receives the item for sale. That is, an absolute auction does not have a specified price below which the current owner will refuse to sell. See also: Reserve price.

absolute auction

A sale will be to the highest bidder, regardless of the amount bid. Common wisdom among auctioneers is that a property advertised as being sold at absolute auction will attract more bidders and higher bidding prices than one advertised with even a low minimum acceptable bid,or reserve price.
References in periodicals archive ?
It was an absolute auction for most pieces, so even pieces which could be worth BD100 would go for BD20 if no one bid higher.
com)-- “Our firm has been entrusted by the estate to market and sell this well located and well-built home at absolute auction in Loudoun County VA,” according to John Nicholls, president of the company.
With no initial bids permitted, the live absolute auction will be held Dec.
The absolute auction of 4809 Lower Honoapiilani Road will be conducted "live" on May 27.
Stacy Kirk, the company president, said, 'The Absolute Auction outside of Montreal is an especially exciting one for Grand Estates Auction as it is the first auction we will do outside of a US territory.
It's an absolute auction for nine units, so there is no reserve price, Hubbard said.
Then contact Realtors and absolute auction companies for listings of small farms.
While court-ordered liquidation by absolute auction is the most obvious evidence of liquidation, there are also semi-forced sellers whose actions result in hurried liquidation.
The advertisement heralding an absolute auction had been circulating for weeks.
09O acres of property, divided into 8 different parcels, at Absolute Auction - with no minimums and no reserves.
8220;The auction was the largest absolute auction held in the country in 2011,” said Principal Broker Paul A.
My clients evaluated their options and determined that an absolute auction was the most effective way to accomplish a successful sale on March 21.