Auction: Definition and additional resources from BNET
On CBS.com: Drew Carey rules Price is Right

BNET Business Dictionary

Business Definition for: Auction

  • a sale of goods or property by competitive bidding on the spot, by mail, by telecommunications, or over the Internet

Wiktionary Definition for: Auction

  • A public event where goods or property are sold to the highest bidder.
  • To sell at an auction.

Additional Resources

Douglas Elliman completes first FDIC auction in NY - Federal Deposit Insurance Corp - Brief Article
Douglas Elliman announced its successful completion of an auction of FDIC residential properties. It was the first such auction in New York City. It was also one of the first to combine a Uniform Commercial Code foreclosure auction with a marketing auction - an innovation jointly devised by Douglas Elliman...
Tags: auction, FDIC
Research articles 1992-03-04
Radio Ad Industry Pioneer Dave Newmark of Bid4Spots Available to Comment on Impact of Wal-Mart's Online Auction for Media Airtime
ENCINO, Calif. -- Retail Giant's Auction Test with eBay Affirms Power of Auction Medium, But Auction Format Must Accommodate Advertising's Unique Needs, Newmark Says
Tags: online auction, radio, Wal-Mart Stores Inc.
Research articles 2006-05-16
United Auction Brokers Announces eBay Auction Services from the Comfort of Your Home or Office; United Auction Brokers Brings the eBay Auction to You
LEXINGTON, Ky. -- United Auction BrokersTM today announced the most convenient way yet for anyone to sell anything on eBay. "Having one of our United Auction BrokersTM come to your home or office where the entire listing process is completed in just minutes, and with absolute discretion is the only...
Tags: auction service, eBay Inc., Microsoft Office, United
Research articles 2004-07-01
Ritchie Bros. Auctioneers Holds Large Phoenix Auction
Ritchie Bros. Auctioneers (TSX: RBA)(NYSE: RBA), the world's largest industrial auctioneer, today announced the results of a two-day unreserved auction held at its permanent auction site in Phoenix, Arizona. Total gross auction sales for the unreserved public auction exceeded US$28 million.
Tags: auction, auctioneer, Phoenix Technologies
Research articles 2006-09-25
eBay Auction Brokers, United Auction Brokers, the Leaders in Auction Brokering, Announces the Opening of United Auction Brokers of New York City
NEW YORK -- United Auction BrokersTM, LLC, www.unitedauctionbrokers.com, the leaders in eBay Auction Brokering, announces the opening of United Auction Brokers of New York City. Now with offices in ten states, United Auction Brokers is in the business of brokering items on eBay for individuals and businesses wishing to sell...
Tags: eBay Inc., leader, United
Research articles 2004-09-15
Best Buy, Clear Channel Gaming Auction Raises $470,000 for Toys for Teens
Customized Auction Program Combined Online and On-Air Reach to Attract Thousands and Thousands of Auction Bidders
Tags: Auction, Best Buy Co. Inc., Clear Channel Communications Inc.
Research articles 2007-01-11
Z Auction and eBay Announce Strategic Alliance
WOODLAND HILLS, Calif.--BUSINESS WIRE--Feb. 17, 1998--Z Auction (http://www.zauction.com), a leading Online Computer Auction site, and eBay (http://www.ebay.com), the largest Person-to-Person Online Auction site, today announced a cross promotional agreement. Z Auction launched the third version of its site, designed by Boxtop International, with integrated links to eBay.
Tags: eBay Inc., strategic alliance
Research articles 1998-02-17
eBay Auction Brokers, United Auction Brokers, The Leaders In Auction Brokering, Announces The UAB Business Alliance Website
NEW YORK -- United Auction BrokersTM, LLC, the leaders in eBay Auction Brokering, announces the launch of www.uabbusiness.com their Business Alliance Website. Through their national network of brokers, United Auction Brokers now offers the opportunity for any business to sell merchandise, inventory, closeouts, discontinued items, liquidations, used equipment, used electronics,...
Tags: eBay Inc., leader
Research articles 2004-09-14
FairMarket Auction Scores With College Sports Fans; FANSonly Auction Moves Books, Furniture and Sporting Goods At Over 50 Universities and Athletic Conferences
WOBURN, Mass.--BUSINESS WIRE--April 6, 1999--FairMarket, Inc., the innovative pioneer of auction and e-commerce solutions for Web merchants, announced today that it is hosting the new auction for the FANSonly Network, home of official athletic sites for more than 50 universities and conferences. The auction, which is live at http://auctions.fansonly.com, is...
Tags: auction, Books
Research articles 1999-04-06
Merging Auction Houses
This paper studies the incentives for market concentration of online and traditional auction houses. Would sellers and buyers be better off if two separate auction houses merged? It is supposed that each auction house has a separate clientele of sellers and buyers. Sellers value their identical units at 0, while...
Tags: Auction House, Buyer, Mergers & Acquisitions, Investment, Finance
White papers 2003-02-21
Ritchie Bros. Auctioneers Breaks Registered Bidder Records at Phoenix Auction
Ritchie Bros. Auctioneers (TSX: RBA)(NYSE: RBA), the world's largest auctioneer of industrial equipment, today announced the results of its two-day, multi-million dollar unreserved auction held at its permanent auction site in Phoenix, Arizona. The unreserved public auction, which sold over 2,000 items, generated gross auction sales in excess of US$26...
Tags: auction, Phoenix Technologies
Research articles 2007-02-19
Ritchie Bros. Attracts Bidders From Around the World to Large Phoenix Auction
Ritchie Bros. Auctioneers (TSX: RBA)(NYSE: RBA), the world's largest auctioneer of trucks and industrial equipment, last week conducted an unreserved public auction in Phoenix, Arizona that generated approximately US$20 million in gross auction sales. The auction was held May 3-4, 2007 at the Company's permanent auction facility in Phoenix. The...
Tags: auction, Phoenix Technologies
Research articles 2007-05-07
Stabilizing Markets Via A Novel Auction Based Pricing Mechanism For Short-Term Contracts For Network Services
This paper studies pricing mechanisms for short-term contracts for network services in a recurring auction with sealed bids. This paper proposes and evaluates a novel winner selection policy in such an auction. The new approach was motivated by an observation that in a recurring auction enough customers must be willing...
Tags: Network, Network Service, Pricing Strategy, Auction
White papers 2005-05-01
Ableauctions and Auction Video to Broadcast Superior Galleries First Ebay Live Auction with Video Feed
OJAI, Calif. -- Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that, through its wholly owned subsidiary iCollector, it will showcase one of the newest toolsets available to live auction sellers on eBay Live Auctions during Superior Galleries' (SPGR.OB) Santa Clara Elite coin auction. The three day coin auction commences today...
Tags: eBay Inc., video, video feed
Research articles 2005-03-31
DoveBid to Conduct Unreserved Construction Auction at New California Site
FOSTER CITY, Calif. -- DoveBidR, Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct an Unreserved Webcast auction by order of DoveBid Construction Group. This auction will be held at the new permanent DoveBid Sacramento Facility and will feature surplus Excavators, Dozers,...
Tags: auction
Research articles 2004-12-02
Protecting Against "Retrading" in the Private M&A Auction
An auction mechanism needs to respond to the individual circumstances. The authors are not suggesting one strategy will work in all cases. But sellers need to anticipate issues when they structure the process and not simply rely on their negotiating skills to deal with them when they arise. Only a...
Tags: Bank Of America Corp., M&A, Auction, Mergers & Acquisitions, Investment, Finance
White papers 2003-12-01
First-Price Path Auctions
The publisher studies first-price auction mechanisms for auctioning flow between given nodes in a graph. A first-price auction is any auction in which links on winning paths are paid their bid amount; the designer has flexibility in specifying remaining details. The publisher assumes edges are independent agents with fixed capacities...
Tags: Publisher, Auction
White papers 2005-06-05
DoveBid to Conduct Webcast Auction for the Hoover Company
FOSTER CITY, Calif. -- DoveBidR, Inc., a global provider of capital asset auction and valuation services, announced today that it will conduct a Webcast auction by order of The Hoover Company. This auction will feature surplus Plastic Injection Molding and Die Casting Equipment from the Newton, Iowa facility and the...
Tags: auction, Webcast
Research articles 2004-09-30
Business Data Services and Ingram Micro Re-Engineer Business-to-Business Auction System; Upgraded System Increases Online Auction Events, Streamlines Auction Process
GLASTONBURY, Conn.--BUSINESS WIRE--Nov. 4, 1999--
Tags: auction, B2B, data service, Ingram Micro Inc., online auction
Research articles 1999-11-04
OpenSite Technologies Selected To Power AOL Furby Auction
RESEARCH TRIANGLE PARK, N.C.--BUSINESS WIRE--Dec. 10, 1998--The technology behind America Online's charity Furbytm auction is being provided in part by OpenSite Technologies, Inc., the market leader for Web-based auction software. America Online's Furby auction is scheduled to run continuously through December 21, with one Furby auctioned each hour.
Tags: America Online Inc., auction
Research articles 1998-12-10
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