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 ?
Sugarman Auction announces the auction of USA Network action drama television series "Graceland" - 3 seasons worth of props, wardrobe and select set design will be sold by absolute auction.
This luxury no reserve absolute auction marks the launch of operations in Costa Rica for Supreme Auctions, with all four properties selling with no reserve.
com) announces the absolute auction of a 3 bedroom waterfront home overlooking Nomini Bay and the Potomac River - on December 2 at 10 am in Westemoreland County, VA.
With no initial bids permitted, the live absolute auction will be held Dec.
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.
of Hot Springs has Mallard Pointe listed on its website for an absolute auction scheduled for March 5.
Recently I attended a 500 acre sub-divided farm absolute auction and the land sold for $1,700 to $2,500 an acre.
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.
3, 2015 /PRNewswire/ -- DeCaro Luxury Auctions has announced an absolute auction on December 5, 2015 for 1450 and 1496 West Red Hawk Trail, two plots of land totaling 22-acres in Park City, Utah.
The top sealed bidders will be invited to the absolute auction, which will be conducted using Internet and telephone systems for the convenience of bidders worldwide.
com)-- Higgenbotham Auctioneers International (HAI) announced that they have been retained to offer the Crosspointe Baptist Church facility in Fultondale at absolute auction on Thursday, September 22.