auctioneerˌɔk ʃəˈnɪər
auctioneer (n)
- plural
- auctioneers
auctioneer
English Definitions:
auctioneer (verb)
an agent who conducts an auction
auction, auction off, auctioneer (verb)
sell at an auction
auctioneer (Noun)
A person who conducts an auction on behalf of a vendor, taking bids to find the best price for the vendor.
auctioneer (Verb)
To sell at an auction; to auction.
auctioneer
An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history. Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically.Auctions are applied for trade in diverse contexts. These contexts include antiques, paintings, rare collectibles, expensive wines, commodities, livestock, radio spectrum, used cars, real estate, online advertising, vacation packages, emission trading, and many more.
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"auctioneer." Kamus.net. STANDS4 LLC, 2024. Web. 20 Apr. 2024. <https://www.kamus.net/english/auctioneer>.
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