What does auction block mean?
Definitions for auction block
auc·tion block
This dictionary definitions page includes all the possible meanings, example usage and translations of the word auction block.
Princeton's WordNet
auction block, blocknoun
a platform from which an auctioneer sells
"they put their paintings on the block"
Wikipedia
auction block
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.
ChatGPT
auction block
An auction block refers to a platform or space where items, products, services, or in historical context, people (slaves), are sold to the highest bidder in an auction. It is often considered symbolic of the act of auction itself. The person or item being auctioned is placed on this block for everyone to see and bid for.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of auction block in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of auction block in Pythagorean Numerology is: 9
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"auction block." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/auction+block>.
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