I would say that this answer may not be the best word in some cases but it's the closest I've come: lot
Auction rooms are commonly referred to as "auction houses." These venues facilitate the buying and selling of goods through competitive bidding. Notable auction houses include Sotheby's and Christie's, which specialize in art, antiques, and luxury items. Additionally, they can also be called "salerooms," where the actual auction occurs.
... called an "import"
You are not able to purchase a home prior to auction unless the auctioneer and/or auction company has provisions with the seller to permit such a sale.
You can't exactly end an auction yourself. You can either end it (if anybody hasn't bid on your auction yet) or when the days and hour and minutes are done or if you have GIN (Get It Now) option on your auction.
eBay is the leading online auction service provider. Recently, Beckett Media launched its own Auction service. If you want to auction yourself, you may need to have knowledge about the local rules and regulations to set up one.
the first eBay item offer for auction was a broken laser pointer
If you have the winning bid at an auction, then you have won that item with the bid you placed. After you pay for the item, it will be transferred to you.
lot
lot
If an item has a reserve price at an auction it means no matter the amount bid it will not sell unless it reaches the reserve price set by the seller. This price is not known by the bidder. In a no reserve auction the item will sell by the highest amount bid on the item this is known as a true auction.
A price offer in bidding is called a bid price. Someone bidding on something, like at an auction, can bid on the item, which is called the bid price.
A forward auction is the "ordinary auction" we are all used to today. In a forward auction, the buyer bids on the sellers item, and the prices of the item increases during the auction. On the other hand, a reverse auction switches the roles of the buyer and the seller. In a reverse auction, the sellers are competing for the buyers business, and the prices of the items the sellers are selling decrease during the auction.
Buy it Now or BIN is the option to bypass the auction period and simply purchase the item for sale. BIN ends the auction and you get the item.
Johnnyrebid
No, a former can't reclaim something that they sold willingly at an auction even if it has historical or financial significance.
The rules for an eBay auction are that you can't bid if your information is invalid. You must pay for the item that you buy. You must bid if you are intending to buy the item. You can't bid for your own item.
Auction Web; a broken laser printer.