A public auction is an auction held on behalf of a government in which the property to be auctioned is either property owned by the government, or property which is sold under the authority of a court of law or a government agency with similar authority. When the term "government auction" is used it generally means that specific auctioneers and agents are contracted to deal with stock that needs to be liquidated by various government bodies.
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"public auction." Kamus.net. STANDS4 LLC, 2023. Web. 6 Dec. 2023. <https://www.kamus.net/english/public+auction>.