absolute auction

(redirected from Absolute Auctions)

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The material goods are marked for sale Friday and Saturday, June 8-9, as part of a string of absolute auctions to convert assets to cash and repay lenders and other creditors more than $4.5 million.
Osborne items set for auction: raise cash, pay debts
This is why larger farms are being sold at absolute auctions and cut into acreage tracts.
Then contact Realtors and absolute auction companies for listings of small farms.
Advice for new homesteaders
No sale." Unlike absolute auctions where everything goes at the top bid, the owners at the Trenton sale have the right to reject any and all offers.
The myths, deals & steals of a country auction
Alliance had already held two absolute auctions with Daye, confirming the appeal to a seller of this kind of sale where the property is sold to the highest bidder, regardless of the amount of the bid.
Alliance found that absolute auctions brought out the most enthusiastic and unreserved bidders, producing the best overall dollar results, as properties were sold with no further negotiations to the highest bidder.
The advertisement heralding an absolute auction had been circulating for weeks.
The property that was "boldly" placed on the absolute auction block was an uninhabitable house appraised at $12,000, if the mortgage company completed repairs estimated at $7,000.
Admittedly, it is an agonizing decision for a lender to actually take the absolute auction route.
Top dollar
Farms are being subdivided into tracts on a large scale in Tennessee, and the majority of this land is sold at absolute auctions. Recently I attended a 500 acre sub-divided farm absolute auction and the land sold for $1,700 to $2,500 an acre.
They saved $9,954.20 on hearing aids
Financial browser ?
Full browser ?