释义 |
AuctionA type of sale in which members of a group of buyers offer ever increasing amounts. The bidder making the last bid (forwhich no higher bid is subsequently made within a specified time limit: ``going once, going twice, sold'') must thenpurchase the item in question at this price. Variants of simple bidding are also possible, as in a Vickery Auction. See also Vickery Auction
|