Definition

Noun: - A public sale in which goods or property are sold to the highest bidder: An "auction sale" is a method of selling items where potential buyers openly compete by offering increasing amounts of money. The item is sold to the person who makes the highest bid.

Usage

• The term "auction sale" is used to describe the event or process itself. It is a formal and specific term for this type of public sale.
• It functions as a countable noun (e.g., , ).

Examples

• Noun:
  • The rare painting was sold at a public auction sale for a record price.
  • The bank is holding an auction sale of repossessed vehicles next week.
  • All the furniture will be disposed of by auction sale.

Advanced Usage

• "to sell something by auction sale": This phrase emphasizes the method of selling.
  • The estate will be sold by auction sale to settle the debts.
• "to go to auction sale": This phrase describes an item being offered in this manner.
  • The historic mansion will go to auction sale next month.

Variants and Related Words

• Auction (noun/verb): The more common and general term for the same concept. "Auction sale" is often synonymous with "auction," though "auction sale" can sound slightly more formal or emphasize the transactional nature.
  • They decided to auction the collection. = They decided to put the collection up for auction sale.
• Auctioneer (noun): The person who conducts an auction sale.
• Bid (noun/verb): An offer of a price made at an auction sale.

Synonyms

• Public auction: A sale open to the public where bidding occurs.
• Sale by auction: Another way to describe the selling method.

Related Phrases

• Silent auction: A type of auction sale where bids are written on a sheet of paper rather than called out.
• Online auction sale: An auction sale conducted over the internet.
• Forced auction sale: A sale, often due to legal or financial pressure, such as a foreclosure auction.

Noun

1. the public sale of something to the highest bidder